US Eyecare Market to reach USD 43 billion by 2017: Ken Research

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New Delhi: 22/01/13- The US eyecare industry is structured in various forms of business models such as independent optical stores, big chain retailers, mass-merchandisers, big box-stores and ophthalmic medical practices. The US eyecare is a highly competitive and diverse market valued at USD ~ million in 2012, thus growing at a CAGR of 3.4% during the period 2006-2012

For more information on the industry research report please refer to the below mentioned link:
http://kenresearch.com/report.php?A=342&T=D&S=95

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US Eyecare Market to reach USD 43 billion by 2017: Ken Research

  1. 1. US Eyecare Market to reach USD 43 billion by 2017: Ken ResearchFuture growth Led by technological innovations and high proportion of Vision problems in the USpopulousNew Delhi: 22/01/13- The US eyecare industry is structured in various forms of business modelssuch as independent optical stores, big chain retailers, mass-merchandisers, big box-stores andophthalmic medical practices. The US eyecare is a highly competitive and diverse market valuedat USD ~ million in 2012, thus growing at a CAGR of 3.4% during the period 2006-2012The revenue of the US eyecare market displayed a strong resilience to the global meltdown andkept a decent pace of growth. The US eyecare market generated revenue of USD 35 billion in2012. It was observed that in 2008, the market recorded substantial growth of 13.1% over theprevious year and generated revenue worth USD 32 billion during the year. Another factor forthe encouraged growth of the eyecare market in the US is the general elevation of prices forvarious segments of the eyecare industry, the burden of which fell on the end-users or theconsumers. The prices in the eyecare market in the country are governed by the innovation andthe fashion trends prevailing. The US eyecare retail market consists of independent as well asorganized or franchised players. The organized optical retail players dominate the market onaccount of their multiple operating locations accompanied by the quality of service they provide.The top 20 optical retailers in the US operated an estimated 9,666 stores in the country at variousretail sites in 2011.According to the research report, the US eyecare market would grow at a sustainable CAGR ratethus reaching nearly USD 43 billion by 2017 due to the major push from the contact lensessegment.Growing proportion of vision problems in the US population, constant technological innovationin ophthalmic products, rising disposable income, fashion trends and greater insurance cover oneyecare expenses are expected to drive the US Eyecare market optimistically in the next fiveyears.The report titled “The US Eyecare Industry Outlook to 2017 – Lenses Segment Continue tomaintain its Dominance” provides a comprehensive analysis of the various aspects such asmarket size of the US eyecare market along with the overview of the market segments such asframes, lenses, contact lenses, OTC readers, eye examinations and refractive surgeries. Thereport also covers the market share of the leading players of the US eyecare retailers in the US.The report will help industry consultants, auto-dealers, F&I firms, retailers and otherstakeholders to align their market centric strategies according to ongoing and expected trends inyears to come. © This is a licensed product of Ken Research and should not be copied
  2. 2. For more information on the industry research report please refer to the below mentioned link:http://kenresearch.com/report.php?A=342&T=D&S=95 © This is a licensed product of Ken Research and should not be copied

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