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2nd Annual Canadian Frame Study Reveals Opportunities and Threats

The results of the second annual Canadian Frame Market internet study, jointly conducted by VuePoint IDS and Jobson Optical Research are now available. The 2018 study, building upon the inaugural research conducted in 2017, reveals that Eye Care professionals are choosing to be more selective and do business with fewer frame suppliers.

The distribution strength of the top players shows signs of weakening compared to the previous year.  Only 2 of the top 10 companies showed gains in distribution. Among frame suppliers with 20% or greater door penetration, few (11%) showed a year-over-year increase in distribution.

These results indicate that Canadian ECPs remain open and willing to list new frame suppliers that fulfill their most valued attributes but are being more selective in their choices. 

The study provided insights on 38 Canadian frame suppliers on 28 different market attributes including perception of product quality, customer service, sales rep service and more.  For the first time, the study probed Canadian ECP’s attitudes towards firms with and without a Canadian-based customer service and distribution presence and identifies specific issues experienced in dealing with suppliers not based in Canada. 

The study identifies which companies are perceived to potentially gain or lose business over the next 12 months. Suppliers with a predicted net business gain/loss in 2017 had a moderate positive correlation with the 2018 actual results. 

The report also includes a Net Promoter Score® (NPS®) for the leading suppliers in the Canadian market.  The NPS is a robust measure of company or brand loyalty by customers familiar with the brand and is widely-accepted as a proxy measure of revenue growth. 

Companies competing within the Canadian market, evaluating the market for entry and/or considering major strategic changes in their approach to Canada, will find considerable value in the results.

The study is available for $995 US or $1195 CDN. 

For More information contact:

David Pietrobon, VuePoint IDS
dpietrobon@vuepoint.ca

226.780.6871 x 5111  

Or
Bill Scott, JOBSON
bscott@jobson.com

Specsy: Creating Your One of a Kind Spectacles

Specsy’s innovative, 3D printed custom frames are made from nylon through a Selective Laser Sintering 3D printing process. Your patient will have a futuristic experience beginning with a 3D scan of their face to create a one of a kind Specsy 3D printed nylon frame.

Available in a rainbow of colours, custom crafted, made uniquely to fit their facial proportions. Specsy creates the perfect frame fit and a spectacular pair of glasses every time. 

specsy.com/

Lanctôt and Mondottica International Announce Partnership to Distribute Sandro Eyewear

Lanctôt and Mondottica International announce their official partnership by signing an agreement for the exclusive distribution of the Sandro eyewear collections in Canada.

Known for its clean lines and sophisticated aesthetic whilst embodying the cool of truly Parisian inspired style, Sandro is a leading accessible luxury brand featuring refined and versatile men’s and women’s collections. Sandro is available in 37 Countries and has over 590 points of sale worldwide. The brand plans to expand in the US and Canada in the next couple of years. There are already 5 free standing stores in Canada, with 9 shop-in-shops just in Hudson’s Bay.  

Built on a classic yet bold colour palette of black, grey, tortoiseshell and crystal, the Sandro eyewear collections are reflective of the contemporary Sandro man and woman. Discreet engraved branding is featured either on handmade acetates or refined metals, while bespoke elements such as custom made five-barrel hinges and distinctive real triple rivets add the finishing touch.

Stephane Leroy, Vice President at Lanctôt states: “We are tremendously excited to introduce the Sandro Eyewear collection in Canada. Lanctôt is very proud to offer Sandro, a great affordable luxury brand to the best eyewear clinics from Halifax to Vancouver.”

Commenting on the agreement, Drew Oppermann, Mondottica Commercial Director for Canada, says: “It is a privilege to work with a company like Lanctôt which has an excellent reputation for high quality products and outstanding customer service. There is great synergy between a brand like Sandro eyewear and the values of Lanctôt and we believe this is the beginning of a successful relationship”.

Click HERE for the full press release.

Ophtha Market Small but Attractive Even with 2018 Set-Backs

A leading data and analytics company, GlobalData, reports that notwithstanding the withdrawal of promising ophthalmic pharmaceuticals from the clinical pipeline, the June 2018 Novartis spin-off of Alcon, and the rumours of Takeda selling Shire’s ophthalmic business, the ophtha market will continue to attract extensive R&D investment.

Seven pipeline pharmaceuticals were withdrawn from clinical trials in 2018, including lampalizumab, Roche’s widely anticipated late stage dry AMD drug.  Maura Musciacco, Director of Neurology & Ophthalmology at GlobalData, states: “The geographic [retinal] atrophy segment still lacks approved therapies and arguably also represents the largest unmet need in the ophthalmology market.”

The report also characterizes the ALCON spin-off as an expected event in view of the parent company’s (Novartis) recent penchant for divesting businesses outside of its core Rx pharma business. 

Earlier rumours that Takeda, Shire’s Japanese parent company, would divest the ophthalmology business, which consists of Xiidra for dry eye and several pipeline compounds for glaucoma and infectious conjunctivitis, were also cited as downside factors.

Musciacco concludes, “…the anatomy of the eye represents a challenge for R&D and ocular drug delivery. As such, the ophthalmology market has typically been associated as a small specialist field. Nevertheless, it is expected to see solid growth going forwards.”

Click HERE for the full press release. 

Transitions Academy 2019 Helps Attendees Stay “Light Years Ahead”

Nearly 1000 professionals from North and South America gathered February 3- 6 in Orlando, Florida for the 23rd annual Transitions Academy. During the two-day, invitation-only event – themed “Light Years Ahead” – attendees took part in professional development and product technology workshops; heard from experts and educators on marketing and industry trends; and learned from their peers and partners.

Attendees were welcomed with an exciting performance and opening remarks from Jose Alves, General Manager, Transitions Americas followed by Chrystel Barranger, president, Essilor Photochromics and Transitions Optical who presented how the brand is innovating to bring light management solutions to even more wearers in 2019.

Mark Rea, Ph.D., professor of architecture and cognitive sciences at The Lighting Research Center at Rensselaer Polytechnic Institute, made a presentation on the science behind light emphasizing the complexity of the neural processing from the retina to the brain.

New Technologies Announced

Catherine Rauscher, senior global director of business innovation, Transitions Optical and Jacquie Henderson, vice president of marketing, Johnson & Johnson, North America, then took the main stage to share the latest news on ACUVUE® OASYS Contact Lenses with Transitions™ Light Intelligent Technology™.

Luc Nouvelot, director of global R&D, and Elise Bioche, vice president of global marketing presented Transitions® Signature® Gen 8, which offers a new frontier of performance.  The new Gen 8 technology promises improvement in all photochromic features.  Transitions told Optik that Gen 8 technology will be coming to Canada in the summer of 2019. 

“This year is an important milestone for our company, and we are honored to have both long-standing and new partners share in our celebration of innovation,” said Alves. “The theme ‘Light Years Ahead’ allowed attendees to see how Transitions Optical is leading the photochromic category through technology and product advancements that will extend light management to even more people—whether they are spectacle wearers, contact wearers or motorcycle riders,” said Alves.

2019 Marketing Initiatives

The energy of Transitions Academy continued to build as Tuesday commenced with an overview of Transitions Optical’s 2019 marketing and consumer outreach plans led by Patience Cook, director, North America marketing, Rose Harris, senior associate director, channel marketing strategies and Vanessa Johns, director, Latin America marketing.

Tuesday’s curriculum focused on how eyecare professionals (ECPs) can keep themselves and their businesses Light Years Ahead. Attendees learned how to set goals and map out a plan to get there during Martin Lespérance’s presentation. Then during See the Light: Creating the Why and the How, doctors, opticians and lens sales reps, reviewed the best practices on how to integrate Transitions lenses into the patient journey, and how they can be prescribed to all patients.

Mel Robbins provided the Tuesday keynote presentation—Five Second Rule—all about how ECPs can increase productivity, collaboration and engagement.

Drew Smith, director, North America channels, led the 2018 Transitions Innovation Awards program. The six category winners were as follows: Professional Eyecare Associates of America (PECAA) was named Best in Training; Sheena Taff was named Best in Marketing; Costco Optical was named Canada Retailer of the Year; National Vision Holdings, Inc. was named U.S. Retailer of the Year; Weaver Eye Associates was named Eyecare Practice of the Year; and Amanda Rights, O.D. of Blue Ridge Vision, was named the 2018 Transitions Brand Ambassador.

Click HERE for the full press release.

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