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Glasses & Contact Lens Manufacturing in the US - Industry Market Research Report

  • May 2017
  • 40 pages
  • Ibisworld
Report ID: 619134

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

Glasses & Contact Lens Manufacturing in the US

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.

As a result, the industry will be better positioned to capitalize on greater consumer demand for lens products as the US population ages, number of people with vision-related health complications increase and disposable income levels rise. This industry manufactures ophthalmic goods, including eyeglass frames and lenses and contact lenses. The industry also produces sunglasses and protective eyewear, such as goggles.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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