2017 Year-In-Review Industry Insights Released

Press Release

2017 Year-In-Review Industry Insights Released
ABB OPTICAL GROUP data identifies trends and areas of future growth

 

CORAL SPRINGS, Fla. (January 25, 2018) – ABB OPTICAL GROUP, a leading resource for identifying optical industry trends, released market data showing that daily disposable contact lenses led the category for dollar growth and market share nationally in 2017. At the same time, the two-week lens modality declined.

"Our organic practice growth, or same-store sales, show that practices posted robust growth in 2017," said Aaron See, vice president of marketing for ABB OPTICAL GROUP. "We expect continued strong performance in the year to come."

Daily disposable growth was up nearly 19 percent, exiting the year with a market share of 44.6 percent. The two-week modality was down 6.8 percent in sales with a 21.4 percent market share, while monthlies were up 3.8 percent and accounted for a 33.5 percent market share.

Additionally:

  • Torics and multifocals continued to grow. Dollar growth of torics was up nearly 10 percent and multifocals were up 14 percent.
  • Bausch + Lomb and Alcon led all manufacturers in sales growth with 10 and 9 percent respectively, with Alcon leading the market in share gains in 2017.
  • Three products garnered the greatest year-over-year share point gain: 1-Day Oasys, Dailies Total 1 Multifocal and 1-Day Oasys for Astigmatism.

In 2017, ABB OPTICAL GROUP also reported a 7.2 percent organic contact lens growth from practices that have chosen to partner with the company.


ABOUT ABB OPTICAL GROUP
ABB OPTICAL GROUP is a leading distributor of optical products in the United States. The company supplies nearly two-thirds of eye care professionals across the country with brand name contact lenses, fully customizable gas permeable and custom specialty soft contact lenses, ophthalmic lenses and more. The company's DIGITAL EYE LAB Network is dedicated to producing eyewear that is truly personalized to patients’ needs and lifestyles. ABB OPTICAL GROUP also offers practice building services such as pricing strategy tools, business reviews, annual supply staff training and e-commerce solutions. For additional information, visit ABBOptical.com.

Media Contacts: 954-776-1999
Marielle Sologuren, ext. 226 msologuren@piersongrant.com
Kimberly Rodriguez, ext. 257 krodriguez@piersongrant.com