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


Industry Threats & Opportunities

  • Improving discretionary income supported the sale of new, higher-margin products, helping lift both revenue and profit
  • To compete with import substitutes, operators were forced to lower selling prices
  • Effective research and product development will determine the future success of industry players

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    Industry Analysis & Industry Trends

    The Glasses and Contact Lens Manufacturing industry produces eyeglass lenses and frames, contact lenses and protective eyewear. Prescription lenses are essential to the visually impaired, insulating this product segment from economic downturns. While consumers have increased expenditure on glasses and contacts over the past five years, competitively priced imports have satisfied a growing portion of consumer demand for industry products over the period. Over the next five years, the dollar is forecast to depreciate, reducing imports' share of domestic demand for industry products...

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    Industry Report - Industry Key Buyers Chapter

    The Glasses and Contact Lens Manufacturing industry exhibits a low-to-moderate level of concentration. IBISWorld expects that the industry's four largest players generate a combined 36.9% of industry revenue in 2017. Market share concentration has decreased slightly over the past five years, as smaller, more niche industry operators, have been able to withstand rising price-based import competition by specializing in the production and distribution of higher-quality product offerings. The vast majority industry players maintain manufacturing operations of a small-to-medium scale. According to the latest data from the US Census Bureau, industry establishments employing less than 50 workers account for 89.6%. Non..

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    Additional Insights for the Glasses & Contact Lens Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Glasses & Contact Lens Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Undertaking technical research and development
  • Access to a highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Number of adults aged 50 and older in the Glasses & Contact Lens Manufacturing industry impact industry performance..

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    Industry Products

    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 lenses
    Polycarbonate focal lenses
    Plastic and trivex lenses
    Glass lenses
    Other lenses
    Industry Activities
    Contact lens
    Eyeglass frame (i.e. fronts and temples)
    Glass and plastic eye
    Goggle (e.g. industrial, safety, sun and underwater)
    Lens coating
    Lens grinding
    Lens mount
    Corrective vision-type magnifier

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Number of adults aged 50 and older
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance
  • Per capita disposable income

  • Current Performance
  • Strong underlying demand
  • Unfavorable trade conditions
  • Profitability and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady development
  • Favorable trade conditions
  • Table: Glasses & Contact Lens Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Glasses & Contact Lens Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Glasses & Contacts Wholesaling

  • Key Selling Industries
  • Glass Product Manufacturing
  • Plastic & Resin Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Printing, Paper, Food, Textile & Other Machinery Manufacturing

  • Products & Services
  • Contact lenses
  • Plastic and trivex lenses
  • Polycarbonate focal lenses
  • Other lenses
  • Glass lenses
  • Chart: Glasses & Contact Lens Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Independent eye care professionals
  • Exports
  • Retail chains and mass merchandisers
  • Online retail or mail order
  • Chart: Major Market Segmentation for the Glasses & Contact Lens Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Glasses & Contact Lens Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Glasses & Contact Lens Manufacturing Industry

  • Industry Globalization
    Major Companies
    Johnson & JohnsonNovartis AGValeant Pharmaceuticals International Inc.The Cooper Companies Inc.
  • Table: Johnson & Johnson - financial performance
  • Table: Novartis AG - financial performance
  • Table: Valeant Pharmaceuticals International Inc. - financial performance
  • Table: The Cooper Companies Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Glasses & Contact Lens Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Glasses & Contact Lens Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-weighted index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
  • An eye condition in which vision blurs at all distances due to an irregularity in the shape of the cornea.
  • Laser Eye Surgery
  • The removal of eye tissue with a laser to correct corneal irregularities.
  • Lens Blank
  • Generic lenses for glasses that need to be cut and shaped to prescription and fit to frame.
  • Myopia
  • Seeing close objects clearly while distant objects appear blurred; often referred to as nearsightedness.
  • Ophthalmologist
  • A physician who specializes in the diagnosis and treatment of eye diseases.
  • Optometrist
  • A person who is professionally trained and licensed to check the eyes for visual defects, diagnose problems, and prescribe corrective lenses or other solutions.
  • Ortho-K Lenses
  • Rigid lenses with the ability to reshape the cornea over time; limited to mild cases of myopia and astigmatism.
  • Phacoemulsification
  • The extraction of a patient's natural lens during cataract surgery.
  • Presbyopia
  • A condition where an individual loses his or her ability to focus on close-up objects.
  • Toric Lenses
  • A corrective for astigmatism.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Glasses & Contact Lens Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Glasses & Contact Lens Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Glasses & Contact Lens Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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