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 - Starting a New Business Chapter
Barriers to entry into the Glasses and Contact Lens Manufacturing industry are high. Most ophthalmic lens goods are manufactured under patent. This acts as a barrier to entry in certain markets where patented products exist. Companies entering the industry need to either acquire a company that holds a patent or invest in costly research and development to manufacture a product that can compete without infringing upon existing manufacturers' intellectual property.
The high capital costs required to manufacture ophthalmic goods and lengthy regulation and approval processes by the FDA can deter some prospects from entering the industry. Operators must also hire skilled staff to successfully compete... purchase to read more