SEARCH   
MEMBER LOGIN    

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 | Oct 2014

Clear focus: An aging population and increase in health care will spur industry demand

IBISWorld’s Glasses & Contact Lens Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
-0.7%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
22,216
Businesses
428
Industry Analysis & Industry Trends

In general, the Glasses & Contact Lens Manufacturing industry benefits from the nondiscretionary nature of glasses or contacts among the visually impaired. The aging population also supports the industry, because the need for corrective lenses increases with age. Despite these advantages, industry revenue moderately declined over the past five years, driven by suppressed discretionary income. 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 SWOT Analysis Chapter

The Glasses and Contact Lens Manufacturing industry is in the mature stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to the economy, is forecast to increase at an average annual rate of 2.1%. In comparison, US GDP is projected to grow 2.5% per year on average during the same period. IVA fluctuated during this period, mirroring fluctuations in the average profit margin. While the industry underperformed the economy over the past five years, consistent M&A activity and investment in new technology and R&D are anticipated to cause the industry's importance to the overall economy to grow.

Uncharacteristic of mature industries, technology continues to drive the introduction of new products to the market... 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 lensesHigh-index plastic lensesTrivex lenses Photochromic lenses Glass
 
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


View Sample
Quote
Select Clients