US Demand for Contacts, Glasses, & Sunglasses to Rise 3.9% Yearly in Nominal Dollars to 2023

4/10/2019

Cleveland, OH, April 10, 2019 — US demand for contacts, glasses, and sunglasses is forecast to increase 3.9% annually in nominal dollars through 2023, according to Contacts, Glasses, & Sunglasses: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from rising disposable personal income, the aging of the population, and new diagnoses of myopia among younger cohorts as children spend more time on electronic devices. Technical developments that improve comfort and visual quality will boost value gains. Faster gains will be prevented by the availability of lower-priced products via internet retailers as well as by the individuals who chose to undergo LASIK treatment to correct their vision.

These and other key insights are featured in Contacts, Glasses, & Sunglasses: United States. This report forecasts to 2023 US demand for contacts, glasses, and sunglasses in nominal US dollars at the manufacturer level and the consumer level (i.e., personal consumption expenditures). Total demand at the manufacturer level is segmented by product in terms of:

  • contacts
  • lenses, including lenses for prescription sunglasses (i.e., polarized lenses)
  • nonprescription sunglasses
  • frames
  • other products such as 3D glasses, glass and plastic prosthetic eyes, intraocular lens implants, and protective eyewear (e.g., goggles)

To illustrate historical trends, total demand at the manufacturer level and the various segments, personal consumption expenditures, and trade are provided in annual series from 2008 to 2018.

Smart glasses are considered electronic products and excluded from the scope of this report, unless they include corrective lenses. Imports and exports of contact lenses from and to Puerto Rico are included in demand and trade data, as Puerto Rico often serves as a manufacturing base for pharmaceuticals and medical devices for the US market. Re-exports of contacts, glasses, and sunglasses are excluded from demand and trade figures.

More information about the report is available at:

https://www.freedoniafocusreports.com/Contacts-Glasses-Sunglasses-United-States-FF40088/?progid=91541