Contact Lens Manufacturing in the US - Industry Market Research Report

Contact Lens Manufacturing in the US - Industry Market Research Report

  • May 2020 •
  • 38 pages •
  • Report ID: 5103929 •
  • Format: PDF
Clearer vision: New product development will help sustain industry revenue growth

Abstract

Contact Lens Manufacturing
The Contact Lens Manufacturing industry is expected to struggle domestically over the five years to 2018 as a result of increased competition from overseas manufacturers. Contact lenses are often considered a cosmetic alternative to eyeglasses rather than a necessity, linking demand to consumers’ level of disposable income in addition to the number of people with health insurance that includes vision coverage. The industry comprises a limited number of manufacturers, with most of the industry’s market share concentrated among the top four players. Small operators have a difficult time competing and are often bought out by larger players if they have a competitive product on the market. Over the next five years, industry revenue is anticipated to grow slowly given the widespread market acceptance of contact lenses and rising demand for products that enhance the comfort and durability of lenses.

This industry manufactures corrective, cosmetic or therapeutic lenses that are usually placed on the cornea of the eye. The care and maintenance products for these lenses are also included in this industry.

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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