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Glasses & Contact Lens Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Glasses & Contact Lens Manufacturing Market Research Report | NAICS 33911b | May 2016

Clear eyes: An aging population and increase in disposable income will boost demand

IBISWorld’s Glasses & Contact Lens Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 11-16
4.3%
Annual Growth 16-21
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Profit
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Employment
20,277
Businesses
420
Industry Analysis & Industry Trends

The Glasses and Contact Lens Manufacturing industry produces a range of eyeglasses, contacts and sunglasses for consumers in the United States and abroad. Prescription lenses are essential to the visually impaired, insulating this product segment from economic downturns. However, consumers waited for a longer period of time to upgrade their glass frames following the recession, decreasing spending on vision products. In the coming years, the industry is well positioned to capitalize on greater demand for lens products, as the US population ages and the number of people with vision-related health complications increases... purchase to read more

Industry Report - Industry Investment Chapter

The Glasses and Contact Lens Manufacturing industry exhibits a low level of capital intensity. Using wages as a proxy for labor and depreciation as a proxy for capital, IBISWorld estimates that for every $1.00 spent on labor in the industry, $0.09 will be spent on capital in 2016. This figure represents a slight decrease from $0.12 in 2011. Capital expenditure in this industry is required to manufacture highly technical and often custom-made ophthalmic goods. Over the past five years, manufacturers have expanded their contact lens product lines, which has required investment in new machinery and equipment.

While capital investments have increased in recent years, depreciation's share of revenue has remained the same over the past five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Glasses & Contact Lens Manufacturing Industry?

This industry manufactures ophthalmic goods, including eyeglass frames and lenses and contact lenses. The industry also produces sunglasses and protective eyewear, such as goggles.

Industry Products
Contact lensesPolycarbonate focal lensesOther lensesGlass
 
Industry Activities
Contact lensEyeglass frame (i.e. fronts and temples)Glass and plastic eyeGoggle (e.g. industrial, safety, sun and underwater)LensLens coatingLens grindingLens mountCorrective vision-type magnifierSunglasses


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