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Optical industry continues steady growth, report says

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The optical industry brought in $34.15 billion in revenue for the 12-month period ending in June 2012, a growth of 6.2% when compared to the same period last year, according to a VisionWatch mid-year update report.

This is substantial compared to growth of 1.2% reported for the 12-month period ending in June 2011.

Ophthalmic lenses grew by 7.8% in terms of dollars when compared to last year, the report said.

Consumers spent approximately $3.9 billion on contact lenses, representing a 9% increase from 2011 numbers.

Dollars spent on surgery and exams also grew. Refractive surgery increased by 14.7% from the previous period’s numbers, which had actually shown a decline of 2.2%, according to the report.

Exams saw a steady growth of 3.2% for the June 2012 period.

VisionWatch is a large-scale, continuous research study conducted by the Vision Council that collects industry data on lenses, frames, sunglasses, reading glasses, LASIK, contact lenses and eye exams.