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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

The Eye Glasses & Contact Lens Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Investment Chapter

The Eye Glasses and Contact Lens Stores industry is characterized by a moderate level of capital intensity. In 2016, for every dollar spent on labour, about $0.32 is spent on capital expenditures. Overall, the industry is relatively human capital intensive, thanks to wages accounting for the second-largest expense for the industry. Staff employed in this industry performs a variety of activities, ranging from simple manual tasks to lens grinding and optical fittings for customers. Employees need to be highly skilled because they are involved in the assembly of prescription glasses. Luxottica Group, for example, often has a qualified doctor of optometry at each location in order to provide eye examination services. Capital investment in this industry varies according to company size... 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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