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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 | May 2016

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

The Glasses & Contact Lens Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 11-16
4.3%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
20,277
Businesses
576
Industry Threats & Opportunities
  • Improving discretionary income supported the sale of new, higher-margin products, helping lift both revenue and profit
  • Technological innovation and new products have helped the industry recover from the recession
  • Effective research and product development will determine the future success of industry players
  • ... purchase to read more

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 SWOT Analysis Chapter

The industry is in the mature stage of its life cycle. Over the 10 years to 2021, industry value added (IVA), which measures an industry's contribution to the economy, is forecast to increase at an average annual rate of 3.1%. In comparison, GDP is projected to grow 2.2% 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 mean the industry's importance to the overall economy will grow.

Uncharacteristic of mature industries, technology continues to drive the introduction of new products to the market. The.. ... purchase to read more

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 Number of adults aged 50 and older and Number of people with private health insurance in the Glasses & Contact Lens Manufacturing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    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 lensesOther lensesGlass
     
    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


    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
  • Number of adults aged 50 and older
  • Number of people with private health insurance
  • Federal funding for Medicare and Medicaid
  • Trade-weighted index
  • Per capita disposable income
  • Current Performance
  • Strong underlying demand
  • Innovation drives growth
  • Profitability and participation
  • Chart: Revenue Growth
  • Industry Outlook
  • Steady development
  • Rising trade competition
  • 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
  • Other lenses
  • Polycarbonate focal lenses
  • Glass
  • Other
  • 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
  • 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 & Johnson
    Novartis AG
    Valeant 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
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Number of Adults Aged 50 and Older (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Astigmatism
  • 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 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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