Some Segments in Optical See Growth Amid a Flat Market, VisionWatch Says
The Vision Council has released its quarterly VisionWatch market research reports for the third quarter of 2017, with results indicating that the total vision care industry has generated $40.21 billion in revenue over the last year ending Q3 2017, representing a decrease of 0.1 percent—or over $46.1 million—over the previous year's totals, according to a report in VisionMonday.
Looking at the vision care industry market over the past 12 months, from September 2016 to September 2017, the report indicates that eyeglasses accounted for the largest share of the vision correction market at 55.4 percent, representing $22.29 billion in revenue.
“Contact lenses continue to be the strongest optical market over the year, thanks to an additional 1.3 million U.S. adults that started wearing contacts in the past year,” said Steve Kodey, The Vision Council’s senior director of Industry Research.
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