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Eye Glasses & Contact Lens Stores in Canada - Industry Market Research Report

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.


ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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