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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 | 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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 09-14
-0.7%
Annual Growth 14-19
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Profit
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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 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, $0.11 will be spent on capital in 2014. This figure represents a slight increase from $0.10 in 2009. 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 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


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