Eye Glasses & Contact Lens Stores in the US
Over the five years to 2018, the Eye Glasses and Contact Lens Stores industry has exhibited marginal growth as a result of robust consumer spending and an increasingly aging population. Rising per capita disposable income brought about by increasing corporate profit and below-average inflation has resulted in a strengthening consumer base. In addition, the long-term trend of an aging baby-boomer population has lifted the healthcare sector as a whole. In turn, this consumer segment has grown over the five-year period, supporting demand for prescription eye glasses. As a result of these trends, IBISWorld estimates industry revenue to increase over the five years to 2018. Over the five years to 2023, the Eye Glasses and Contact Lens Stores industry is expected to continue expanding as current trends are projected to continue.
Establishments in this industry sell eye glasses, contact lenses, sunglasses, safety eyewear and optical accessories. These retail stores may also provide fitting and lens processing services. The industry excludes the manufacture of lenses, online and mail-order retail of optical goods and sales at optometrists’ offices.
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.