Industry Analysis & Industry Trends
Healthcare reform and favorable demographic changes will benefit the industry in the years to come. The aging US population will continue to drive demand for prescription eyewear, especially as consumers continue to work at computer-related jobs. Eyewear retailers will also benefit from the healthcare reform bill, which will give more people access to vision care and boost demand. To ward off competition from online and alternative retailers, operators will increasingly offer eye exams given by in-house optometrists... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Eyewear stores operate in an established industry with moderate growth and modest technological development. Over the 10 years to 2017, IBISWorld expects the industry's value added (IVA), which measure the industry's contribution to the overall economy, to grow at an average annual rate of 2.4%; meanwhile, GDP is forecast to grow at average 2.1% per year. The close growth rates imply that the Eye Glasses and Contact Lens Stores industry is in the mature stage of its life cycle.
The industry is saturated and has created an environment of consolidation, which is evidenced by a decline in the total number of eyewear retailers from about 8,119 in 2007 to 7,613 in 2012... purchase to read more