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U.S. Ophthalmic Goods Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

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U.S.: Ophthalmic Good Market Overview 2020

Ophthalmic Good Market Size in the U.S.

In 2019, the U.S. ophthalmic good market increased by X% to $X, rising for the third year in a row after three years of decline. Overall, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Ophthalmic good consumption peaked in 2019 and is expected to retain growth in the immediate term.

Ophthalmic Good Production in the U.S.

In value terms, ophthalmic good production shrank modestly to $X in 2019. Overall, production recorded a pronounced contraction. The pace of growth was the most pronounced in 2016 with a decrease of -X% against the previous year. Ophthalmic good production peaked at $X in 2013; however, from 2014 to 2019, production stood at a somewhat lower figure.

Ophthalmic Good Exports

Exports from the U.S.

In 2019, approx. X units of ophthalmic goods were exported from the U.S.; picking up by X% on 2018 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, ophthalmic good exports amounted to $X in 2019. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Exports peaked at $X in 2015; however, from 2016 to 2019, exports remained at a lower figure.

Exports by Country

The UK (X units), Japan (X units) and Canada (X units) were the main destinations of ophthalmic good exports from the U.S., with a combined X% share of total exports. Germany, Australia, Russia, China, Mexico, South Korea, Singapore, Taiwan, Chinese and China, Hong Kong SAR lagged somewhat behind, together accounting for a further X 2013 to 2019, the biggest increases were in Russia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ophthalmic good exported from the U.S. were Canada ($X), Japan ($X) and Mexico ($X), with a combined X% share of total exports. These countries were followed by Germany, the UK, China, China, Hong Kong SAR, South Korea, Australia, Russia, Taiwan, Chinese and Singapore, which together accounted for a further X the main countries of destination, China recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ophthalmic good export price stood at $X per unit in 2019, approximately reflecting the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2019, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was Mexico ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, Hong Kong SAR, while the prices for the other major destinations experienced more modest paces of growth.

Ophthalmic Good Imports

Imports into the U.S.

For the third year in a row, the U.S. recorded growth in purchases abroad of ophthalmic goods, which increased by X% to X units in 2019. The total import volume increased at an average annual rate of +X% from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

In value terms, ophthalmic good imports rose to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

In 2019, China (X units) constituted the largest ophthalmic good supplier to the U.S., with a X% share of total imports. Moreover, ophthalmic good imports from China exceeded the figures recorded by the second-largest supplier, Costa Rica (X units), twofold. Ireland (X units) ranked third in terms of total imports with a X% share.

From 2013 to 2019, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Costa Rica (+X% per year) and Ireland (-X% per year).

In value terms, China ($X) constituted the largest supplier of ophthalmic good to the U.S., comprising X% of total imports. The second position in the ranking was occupied by the UK ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2019, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average ophthalmic good import price stood at $X per unit in 2019, with a decrease of -X% against the previous year. Over the period under review, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% y-o-y. The import price peaked at $X per unit in 2014; however, from 2015 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was China ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Ireland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of ophthalmic goods to the U.S.?
+
In value terms, China ($2B) constituted the largest supplier of ophthalmic good to the U.S., comprising 32% of total imports. The second position in the ranking was occupied by the UK ($363M), with a 5.9% share of total imports. It was followed by Germany, with a 4.7% share.
What are the leading importers of ophthalmic goods from the U.S.?
+
In value terms, the largest markets for ophthalmic good exported from the U.S. were Canada ($623M), Japan ($323M) and Mexico ($265M), with a combined 36% share of total exports. Germany, the UK, China, China, Hong Kong SAR, South Korea, Australia, Russia, Taiwan, Chinese and Singapore lagged somewhat behind, together accounting for a further 33%.
What is the average export price for ophthalmic goods in the U.S.?
+
In 2019, the average ophthalmic good export price amounted to $3.3 per unit, therefore, remained relatively stable against the previous year.
What is the average import price for ophthalmic goods in the U.S.?
+
The average ophthalmic good import price stood at $2.4 per unit in 2019, with a decrease of -1.8% against the previous year.

Product coverage:
• NAICS 339115 - Ophthalmic goods manufacturing

This report provides an in-depth analysis of the ophthalmic good market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Companies mentioned:
• Bausch & Lomb Incorporated
• Johnson & Johnson Vision Care
• Essilor of America
• Oakley
• Coopervision
• Sperian Protection Usa
• Costa
• Younger Mfg. Co.
• Gentex Optics
• Hoya Corporation
• Staar Surgical Company
• The Cooper Companies
• Revision Military Ltd.
• Coburn Technologies
• Icare Industries
• Coopervision Caribbean Corp.
• New ERA Optical Company
• Wilmington Partners
• Viva International
• Essilor Laboratories of America
• Allan Baker
• Bushnell Holdings
• Spy Inc., Bushnell Group Holdings
• Wesley-Jessen Corporation (del)
• Ocular Sciences Puerto Rico
• Coopervision
• Honeywell Safety Products Usa
• Lens Vision-Ease Corporation
• Ciba Vision Corporation
• Ciba Vision
• Bausch & Lomb Holdings Incorporated

Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013–2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2019
Figure 5:
Trade Balance, In Physical Terms, 2013–2019
Figure 6:
Trade Balance, In Value Terms, 2013–2019
Figure 7:
Per Capita Consumption, 2013–2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

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