Eye Glasses & Contact Lens Stores in Canada
The Eye Glasses and Contact Lens Stores industry in Canada sells eye glasses, contact lenses, sunglasses, safety eyewear and optical accessories. Over the past five years, the industry has benefited from favourable population demographics. The burgeoning elderly population has boosted the number of optometrist visits to address age-related eyesight issues, such as cataracts and glaucoma. As a result of this trend, more individuals have been conscious of changes to their eyesight prescriptions, thus driving consumer demand for prescription eyewear. Additionally, the industry has been slightly insulated from external competitors, such as online retailers that lack brick-and-mortar establishments. Dispensing prescription glasses is highly regulated, as prescription glasses and contact lenses are considered medical devices in all provinces except British Columbia. Over the five years to 2023, industry revenue is forecast to grow, driven by growing demand for prescription eyewear from a rapidly aging population.
Operators 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. This 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.
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