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 Analysis Chapter
The Glasses and Contact Lens Manufacturing industry produces a range of eyeglasses, contacts and sunglasses for consumers in the United States and abroad. In general, producers benefit 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.
Due to these advantages, the industry is expected to grow over the five-year period. Rising disposable income and private health insurance coverage are two factors benefiting the industry. As consumers have more disposable income, it is more likely they will spend on industry products, such as glasses... purchase to read more