Seeing clearly: The industry will continue to benefit from more age-related eye problems, which will likely continue to drive industry demand
The Glasses and Contacts Wholesaling industry distributes prescription and nonprescription eyewear, optometric equipment and supplies to ophthalmologists, optometrists and opticians. Prior to the COVID-19 (coronavirus) pandemic, a healthy economy supported industry revenue growth. However, demand for industry products has decreased significantly due to the pandemic. Despite this setback, industry revenue has increased an annualized 0.3% to $15.2 billion while entering 2023, including no change in revenue (0.0%) in 2023 alone.
Operators in this industry sell eyeglasses, contact lenses, sunglasses, eyeglass frames and reading glasses to eye care professionals and retailers. This industry also includes distributors that resell professional equipment and instruments.
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.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Essilorluxottica
- ABB Optical Group
Methodology
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