Glasses & Contact Lens Manufacturing in Canada - Industry Market Research Report

See the future: A burgeoning elderly population will likely support industry demand

The Glasses and Contact Lens Manufacturing industry in Canada produces eyeglass lenses, frames, and protective eyewear. Several of the industry's product segments are essential to the visually impaired, somewhat insulating the industry from economic downturns. While rising per capita disposable income has enabled consumers to increase expenditure on glasses and contacts, competitively priced imports satisfy a significant portion of consumer demand for industry products. Although COVID-19 hindered the overall economy, the analyst projects revenue to continue expanding as industry products are considered an essential health expenditure for many consumers. As a result, the analyst projects industry revenue will increase at an annualized rate of 3.7% to $484.6 million over the five years to 2023, falling 3.3% in 2023 alone.

The Glasses and Contact Lens Manufacturing industry in Canada manufactures ophthalmic goods, including eyeglass frames, lenses and contact lenses. The industry also produces sunglasses and goggles and nonelectrical ophthalmic equipment including optometers, retinoscopes and ophthalmometers.

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's key players and their market shares.