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Eye Glasses & Contact Lens Stores in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Eye Glasses & Contact Lens Stores in Canada Market Research Report | NAICS 44613CA | Feb 2016

In focus: The aging population and demand for luxury brands will support industry growth

IBISWorld’s Eye Glasses & Contact Lens Stores market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
3.2%
Annual Growth 16-21
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Profit
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Employment
9,009
Businesses
1,232
Industry Analysis & Industry Trends

Over the past five years, the Eye Glasses and Contact Lens Stores industry has benefited from favourable population demographics. For example, 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 prompting consumer demand for prescription eyewear. In the coming years, the industry will continue to experience revenue growth, thanks to the burgeoning elderly population's bolstering the prevalence of age-related eye issues... purchase to read more

Industry Report - Industry Products Chapter

Prescription eyeglasses

This product segment makes up the largest share of industry revenue. In 2016, prescription glasses are expected to make up 29.5% of total revenue. While brick-and-mortar optical retailers have contended with external competition, namely from online retailers, this trend has failed to cut into sales volumes for this product segment. For example, according to Statistics Canada, in 2012 (latest data available) prescription eyeglass purchases merely comprised 6.0% of total online sales.

As a result, many consumers have still preferred to visit brick-and-mortar retailers to purchase prescription glasses and lenses. In addition, over the next five years, the burgeoning elderly population is expected to stimulate demand for this product segment... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Eye Glasses & Contact Lens Stores Industry?

This industry sells 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 optometrist doctors' offices.

Industry Products
Prescription eyeglassesContact lensesNonprescription eyewearEye examinations
 
Industry Activities
Prescription eyeglass retailing Contact lens retailing Sunglass retailing Optical accessories retailing In-house lens processingLens grinding


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