Eye care represents more than USD 70~80 billion industry globally. Key stakeholders include healthcare service providers ophthalmologists, optometrist, pharmaceutical companies, medical device manufacturers, retailers, and government agencies.
- Alcon
- EssilorLuxottica
- Johnson & Johnson Vision
- Bausch + Lomb
- Hoya Corporation
- Carl Zeiss AG
- CooperVision
- Topcon
- NIDEK CO., LTD.
- Glaukos Corp
Vision problem is a common phenomenon among people irrespective of their age, gender and geography. Lifestyle change has catapulted this issue, a common example is a deterioration in eyesight among children due to excessive use of mobile phones. According to Retinatoday, Myopia is the most prevalent ocular disorder worldwide, and most numbers of the visual impairment reported in children, and its numbers are increasing day by day. In 2010, an estimated 1.9 billion people (27% of the world’s population) were myopic, and 70 million of them (2.8%) had high myopia. These numbers are projected to rise to 52% and 10%, respectively, by 2050.
1. Alcon
In September 2019, Alcon officially became an independent, publicly-traded company, after remaining part of Novartis for 8 years. Alcon shares begin trading on the SIX Swiss Exchange and New York Stock Exchange under the symbol “ALC.” In 2018, Alcon had sales of USD 7.1 billion, including USD 4.0 billion in its Surgical segment moved up 7% from the prior year—and USD 3.1 billion in Vision Care gone up 3%.
2. EssilorLuxottica
EssilorLuxottica was incorporated on 1 October 2018 from the incorporation of the Italian Luxottica by the French Essilor. The company owns more than 20 premium brands such as Ray-Ban, Oakley, Michael Kors, LensCrafters, and etc. The company has reported more than Euro 16 billion revenue on its website. The company has a worldwide presence across all stages of the value chain, and approximately 150,000 employees across all geographic locations.
3. Johnson & Johnson Vision
Johnson & Johnson announced its entry eyecare market during 2017, when it acquired Abbott Medical Optics (AMO), a wholly-owned subsidiary of Abbott Laboratories, for
USD 4.3 billion. The acquisition included ophthalmic products related to
cataract surgery, laser refractive surgery, and consumer eye health. Johnson & Johnson Vision is a dedicated business unit for eyecare. The company has dual-headquarters, one in Jacksonville, Florida, and others in Santa Ana, California. Johnson & Johnson Vision has more than 10,000 employees worldwide. Its eye health products are available in 103 countries.
Featured Report: “Ophthalmic Diagnostic Equipment - Medical Devices Pipeline Assessment, 2019" provides an overview of Ophthalmic Diagnostic Equipment currently in the pipeline stage.
The report reviews major players involved in pipeline product development. It also provides information about clinical trials in progress, which includes trial phase, trial status, trial start, and end dates, and, the number of trials for the key Ophthalmic Diagnostic Equipment pipeline products.
4. Bausch + Lomb
Bausch + Lomb, a unit of Bausch Health, is one of the reputed health care brands in North America. Along with
contact lenses, Bausch + Lomb, Bausch Health offers a broad line of proprietary eyecare products that treat a number of eye conditions, including
glaucoma, eye allergies, conjunctivitis, dry eye, and retinal diseases. The company’s surgical business provides the devices and advance technologies for the treatment of
cataracts, and vitreous and retinal eye conditions. (source: company website).
5. Hoya Corporation
Since its inception as a specialty manufacturer of optical glass, HOYA has diversified its business portfolio from electronics to health care and to the medical field globally. HOYA Vision Care Company is a global organization covering 52 countries with a network of over 12,000 employees and over 64,000 active accounts globally.
6. Carl Zeiss AG
ZEISS is a global pioneer tech enterprise operating in the fields of optics and optoelectronics. In 2018, the ZEISS Group generated annual revenue totaling more than 6.4 billion euros in its four segments Semiconductor Manufacturing Technology, Industrial Quality & Research, Medical Technology, and Consumer Markets.
7. CooperVision
CooperVision, a business unit of CooperCompanies, is one of the world's largest manufacturers of
soft contact lenses. The Company produces a full array of monthly, two-week and daily
disposable contact lenses, all featuring advanced materials and optics.
8. Topcon
Topcon is an integrated eye care device manufacturer within the worldwide ophthalmic community. It introduced the world’s first commercial back-of-the-eye Spectral Domain (SD) and Swept Source (SS) optical coherence tomography (OCT) systems, which have driven innovation in eye care.
9. NIDEK CO., LTD.
NIDEK's Ophthalmology & Optometry division designs, develops, manufactures, sells, service, lease, imports and exports of ophthalmic surgical devices, examination and diagnostic devices, electronic medical record/ practice management/ medical filing systems,
intraocular lenses and dermatological surgical lasers. Other units related to manufacturing are Lens Edging and Coating unit.
10. Glaukos Corp
Glaukos Corp is an ophthalmic medical technology and pharmaceutical company focused on novel therapies for the treatment of glaucoma, corneal disorders, and retinal diseases. Glaukos have pioneered
Micro-Invasive Glaucoma Surgery, or MIGS, to revolutionize the traditional glaucoma treatment and management paradigm.
Related Biotech Industry Articles