Ophthalmic Good Market in the United States
Market Overview
For the fifth consecutive year, the U.S. ophthalmic good market recorded growth in sales value, which increased by 
% to $ in . The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Ophthalmic good consumption peaked in and is expected to retain growth in the immediate term.
In value terms, ophthalmic good production contracted slightly to $ in . Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in , and then reduced slightly in the following year.
% to $ in . The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Ophthalmic good consumption peaked in and is expected to retain growth in the immediate term.In value terms, ophthalmic good production contracted slightly to $
in . Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by % against the previous year. Over the period under review, production reached the maximum level at $ in , and then reduced slightly in the following year.Consumption
In , after two years of decline, there was growth in consumption of ophthalmic goods, when its volume increased by % to units. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Ophthalmic good consumption peaked at units in 2019; however, from to , consumption failed to regain momentum.
The size of the ophthalmic good market in the United States rose to $ in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Ophthalmic good consumption peaked in and is likely to see steady growth in years to come.
, after two years of decline, there was growth in consumption of ophthalmic goods, when its volume increased by % to units. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Ophthalmic good consumption peaked at units in 2019; however, from to , consumption failed to regain momentum.The size of the ophthalmic good market in the United States rose to $
in , growing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Ophthalmic good consumption peaked in and is likely to see steady growth in years to come.Market Forecast
Driven by rising demand for ophthalmic good in the United States, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Trade Balance
The United States remains a net importer of ophthalmic good; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade deficit of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
Download XLSX
Download all the data in the form of a report