All Data & Analysis articles – Page 3
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News briefs
Top US retailers doubled growth pace last year
The 50 largest US optical retailers increased their sales by 8.0 percent year-on-year to an estimated $21.0 billion with 16,369 shops, according to the annual report by Vision Monday. This marks an acceleration from 2022 where their combined revenue was up by 4.0 percent versus 2021. Vision Source, the retail ...
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ArticleMost top industry players maintained momentum last year, but frames companies slowed down
We are publishing here for the second time an industry-wide table showing the year-on-year revenue and profitability performance of most large companies in the eyewear sector in their last fiscal year. For most of them, the fiscal year corresponds to the 2023 calendar year. Exceptions include Japanese-based companies (fiscal year ...
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ArticleSpanish optical market up by 6.0 percent in 2023
The Spanish optical market value grew by 6.0 percent year-on-year in 2023 according to the “Libro Blanco de la Visión”, the annual report by FEDAO, the national federation of optical associations. Accelerating slightly from the previous year (+4.4 percent versus 2021), the Spanish market ended 2023 with a value of ...
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ArticleVision Council switches 2024 US market forecast to “growth” after positive Q1
The Vision Council has improved its total US optical market value forecast for 2024 after its Market Insights Q1 2024 report showed increased spending and a higher number of eye exams by US consumers since the start of this year. The optical industry association is now expecting a 0.68 percent ...
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ArticleGerman optical market slightly positive in 2023 despite declining volumes
The German optical retail market value increased by 1.4 percent year-on-year to €6,763 million including VAT in 2023 according to the annual report of the Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists. We are publishing in this article a short selection of the data ...
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ArticleDisposable daily CLs momentum slowed down in 2023 in Europe, survey shows
Wholesale sales of soft contact lenses rose by 5.2 percent year-on-year to €2,157 million in 2023 for a group of 32 countries including 25 in Europe and a few others (Egypt, Israel, Saudi Arabia, Kuwait, South Africa and United Arab Emirates), according to the new annual report by Euromcontact, the ...
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ArticleSlight average eyewear stocks price hike in Q1 reflects extreme ups and downs
The average stock price of public eyewear companies inched up by 1.6 percent on a non-weighted basis during the first quarter of 2024, slowing down from the 8.4 percent growth calculated for Q4 2023. The Q1 2024 performance also fell short of the 8.1 percent quarter-on-quarter growth of the MSCI ...
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News briefs
Myopia management websites see growing interest from ECPs and consumers
Myopia Profile, an Australian-based myopia management information website for eye care professionals (ECPs), has seen a 50 percent year-on-year increase in traffic and engagement. The company said that the surge reflected a continued interest from ECPs for educational material on myopia management practices. The top six countries accessing the website ...
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News briefs
A third of US workers experience daily screen fatique, survey finds
American workers experience eye strain after just 27 minutes in virtual meetings, according to a survey by VSP Vision and OnePoll of 2,000 employed Americans. Of the 71 percent of survey participants attending virtual meetings, a significant number said that they have experienced some form of eye strain, such as ...
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News briefs
The Vision Council looks at US glasses wearers’ style preferences
US women are twice as likely as men to choose tortoise (26 percent vs. 12 percent) or multicolor frames (24 percent vs. 10 percent) when they purchase glasses. Conversely, men tend to opt more often than women for metallic frames (34 percent vs. 21 percent). These are some of the ...
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ArticleItalian eyewear industry cautious on 2024 prospects after exports flatline in H2
The Italian eyewear industry association ANFAO said it remains cautious on sector prospects this year as it released preliminary figures for 2023 showing that Italian eyewear exports grew by 7.6 percent to €5,256 million. The total value of Italian eyewear production rose by 8.4 percent in 2023 to €5,515 million, ...
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ArticleThe Vision Council publishes new US optical-market and consumer data
Announcing the release of its Market inSights 2023, the Vision Council has estimated the total value of the US optical market for last year at $65.6 billion. The organization explains that it changed it has changed research methodology again this year, adding advanced analytics, updating its sources to include consumer ...
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ArticleGerman eyewear industry sales inched up in 2023 as exports slowed down
German eyewear industry association Spectaris has released preliminary data for the sales of its members on both the domestic and export markets at the recent opti trade fair in Munich, based on figures for the January to September 2023 period. As reflected in the table below, the total industry revenue ...
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ArticleEyewear stock price up 8% in Q4, sector market capitalization up 10% year-on-year
Along with our usual quarterly update on public eyewear companies’ stock price variations, we are also publishing in the table below the year-on-year changes to provide a longer-term perspective, as well as our annual market capitalization ranking further down on this page. After a negative third quarter, the average stock ...
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News briefs
Bags and accessories’ luxury sales up 15 % in 2022
Luxury good sales in the bag and accessories segment, in which eyewear is included, went up by 15.3 percent year-on-year to $3.6 billion in 2022 according to Deloitte’s annual ranking of the hundred largest luxury companies worldwide. The category, which accounts for approximately 1 percent of total luxury goods’ sales, ...
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ArticleReport puts fresh numbers on German optical retail long-term trends
Zentralverband der Augenoptiker und Optometristen (ZVA), the German association of opticians and optometrists, has released the four-year update of its BranchenStrukturerhebung report, an analysis of the German optical retail sector’s structure put together with research company GFK. It provides a number of market indicators for the year 2022 and, for ...
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News briefs
U.S. ECPs’ economic outlook worsens
The economic outlook of U.S. eye care professionals (ECPs) worsened in Q3 compared to Q2 according to the quarterly research report by The Vision Council, and an increasing proportion among them is less confident that they will be able to meet their revenue goals this year. As in previous quarters, ...
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News briefs
70% of French parents open to remote eye exams, report finds
KRYS GROUP and research company IPSOS have announced the main results of their annual survey on various issues related to eye health in France. Among the main conclusions, the research showed that the screen use time of 3 to 10 year-old children has increased by 10 percent from 2022, reaching ...
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ArticleEyewear companies' average stock price down in Q3
After two consecutive quarters of double-digit growth, the average stock price of eyewear companies went down by an average 7 percent on a non-weighted basis (see chart below) in the quarter ended Sept. 30. This also marks an unusual underperformance compared with the MSCI World Index, a global index comprising ...
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ArticleItalian eyewear exports maintain momentum in Q2
ANFAO, the Italian eyewear industry association, has reported a 15.7 percent year-on-year increase in Italian eyewear exports to €2,840 million for the first half of 2023 as sales in Q2 roughly maintained the 16.7 percent growth reported for Q1. As reflected in the table below, the momentum was driven by ...
