Latest Report Update: Oct 6, 2021

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

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U.S.: Ophthalmic Good Market Overview 2021

Ophthalmic Good Market Size in the U.S.

In 2020, the U.S. ophthalmic good market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Ophthalmic Good Production in the U.S.

In value terms, ophthalmic good production reached $X in 2020. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Ophthalmic Good Exports

Exports from the U.S.

In 2020, approx. X units of ophthalmic goods were exported from the U.S.; increasing by X% against 2019. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, exports reached the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, ophthalmic good exports contracted significantly to $X in 2020. In general, exports showed a slight curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, exports hit record highs at $X in 2015; however, from 2016 to 2020, exports remained at a lower figure.

Exports by Country

Japan (X units), the UK (X units) and Germany (X units) were the main destinations of ophthalmic good exports from the U.S., with a combined X% share of total exports. These countries were followed by Canada, China, Mexico, Australia, South Korea, Russia, Hong Kong SAR and Italy, which together accounted for a further X 2013 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China, while exports 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, China, the UK, Italy, Hong Kong SAR, Australia, South Korea and Russia, which together accounted for a further X saw the highest growth rate of the value of exports, among the main countries of destination 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 2020, reducing by -X% against the previous year. Overall, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to 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.

After three years of growth, supplies from abroad of ophthalmic goods decreased by -X% to X units in 2020. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2019, and then contracted in the following year.

In value terms, ophthalmic good imports shrank markedly to $X in 2020. Overall, imports, however, continue to indicate modest growth. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2019, and then dropped remarkably in the following year.

Imports by Country

In 2020, China (X units) constituted the largest ophthalmic good supplier to the U.S., accounting for 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. The third position in this ranking was occupied by Germany (X units), with a X% share.

From 2013 to 2020, the average annual growth rate 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 Germany (+X% per year).

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

From 2013 to 2020, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average ophthalmic good import price stood at $X per unit in 2020, reducing by -X% against the previous year. In general, the import price saw a pronounced setback. The pace of growth appeared the most rapid 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 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per unit), while the price for Costa Rica ($X per unit) was amongst the lowest.

From 2007 to 2020, 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 Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of ophthalmic goods to the U.S.?
+
In value terms, China ($1.7B) 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 Taiwan (Chinese) ($290M), with a 5.6% share of total imports. It was followed by Germany, with a 5% share.
What are the leading importers of ophthalmic goods from the U.S.?
+
In value terms, Canada ($482M), Japan ($352M) and Mexico ($277M) were the largest markets for ophthalmic good exported from the U.S. worldwide, with a combined 39% share of total exports. These countries were followed by Germany, China, the UK, Italy, Hong Kong SAR, Australia, South Korea and Russia, which together accounted for a further 35%.
What is the average export price for ophthalmic goods in the U.S.?
+
In 2020, the average ophthalmic good export price amounted to $2.8 per unit, declining by -19% 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 $2.3 per unit in 2020, which is down by -8.1% 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 2013–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2020
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 2020
Table 2:
Market Volume, In Physical Terms, 2013–2020
Table 3:
Market Value, 2013–2020
Table 4:
Per Capita Consumption In 2013–2020
Table 5:
Imports, In Physical Terms, By Country, 2013–2020
Table 6:
Imports, In Value Terms, By Country, 2013–2020
Table 7:
Import Prices, By Country Of Origin, 2013–2020
Table 8:
Exports, In Physical Terms, By Country, 2013–2020
Table 9:
Exports, In Value Terms, By Country, 2013–2020
Table 10:
Export Prices, By Country Of Destination, 2013–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2020
Figure 2:
Market Value, 2013–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013–2020
Figure 5:
Trade Balance, In Physical Terms, 2013–2020
Figure 6:
Trade Balance, In Value Terms, 2013–2020
Figure 7:
Per Capita Consumption, 2013–2020
Figure 8:
Market Forecast To 2030
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, 2013–2020
Figure 21:
Production, In Value Terms, 2013–2020
Figure 22:
Imports, In Physical Terms, 2013–2020
Figure 23:
Imports, In Value Terms, 2013–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2013–2020
Figure 26:
Imports, In Value Terms, By Country, 2013–2020
Figure 27:
Import Prices, By Country Of Origin, 2013–2020
Figure 28:
Exports, In Physical Terms, 2013–2020
Figure 29:
Exports, In Value Terms, 2013–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2013–2020
Figure 32:
Exports, In Value Terms, By Country, 2013–2020
Figure 33:
Export Prices, By Country Of Destination, 2013–2020

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