1.1 Definition and presentation
Optics covers all the equipment worn by individuals to improve their natural vision. These include optical glasses, sunglasses and contact lenses. It should be noted that not all these segments necessarily follow the same seasonal pattern, with sunglasses sales peaking sharply in the summer months.
Globally, the optical market is driven by several structural factors that underpin demand. First and foremost, the world's growing population is creating additional demand for optical products, with growth concentrated in emerging countries. In developed countries, the use of screens from a very early age and living conditions are leading more and more young adults to develop myopia and to buy glasses. What's more, European countries are seeing their populations age, which further increases demand.
In Spain, the optical market is divided between eyewear production (prescription, sunglasses, contact lenses) and eyewear distribution, which can involve very different companies. The main optical distributors in Spain are : Alain Afflelou, Opticalia, Soloptical, Multiópticas and Visionlab, and the three cities with the most distributors are Madrid, Barcelona and Valencia. [Limon Data]
1.2 A fast-growing global market
Global market size
Optical market size World, ****-****, in billions of US$ CAGR (***): +*.* CAGR (***): +*.*% Source: ****
The global optics market, which includes eyewear, contact lenses, sunglasses and other eyewear products, was estimated at around US$***.* billion in **** and is expected to reach a value of US$***.* billion by ****.
There are * main categories ...
1.3 A growing national market
Spanish market size
The optics market in Spain is growing again. In ****, the sector in Spain recorded sales of *.** billion euros, an increase of *.*% on the previous year.
Despite the recovery in ****, the sector has not yet returned to pre-pandemic levels, following the collapse in consumption caused by the Covid-** crisis. ...
1.4 Optical foreign trade
Here we consider the data provided by UN Comtrade for the following product categories:
**** **** **** And their sub-categories
These three codes include prescription glasses, contact lenses, sunglasses and frames.
Foreign trade in optics Spain, ****-****, in millions of US$ Source: UN Comtrade The chart above illustrates the trade in eyewear in ...
2.1 Incompressible demand
In ****, the main vision problems in Spain will be myopia, astigmatism, presbyopia and hypermetropia. The following graph shows the main vision problems among the visually impaired population. Myopia accounts for around **% of all cases of visual impairment in Spain.
Main vision problems among Spaniards Spain, ****, in Source: ****
Vision problems according to ...
2.2 A preference for glasses
A preference for glasses Do you usually use a vision correction system? Spain, ****, in Source: White Paper Spectacles are the most common type of correction worn by the spectacle-deficient population (***). **% of people with a visual problem wear no correction at all. Evolution of demand Evolution of the population wearing glasses Spain, ...
In Spain, the market for sunglasses is significantly larger than in most developed countries, due to the favorable climate for their use and historically high tourism. In ****, frames and sunglasses accounted for **.*% of total optical market volume in the peninsula. However, containment phases and a drastic reduction in tourist arrivals led ...
2.4 Lenses, increasingly popular
Evolution of demand
Evolution of the lens population Spain, ****-****, as % of population with sight problems Source: ****
Between **** and ****, the share of the population wearing lenses is on the rise (***). In Spain in ****, **% of the total population will be wearing contact lenses .
Lenses, widely worn by young people
Lens wear by ...
3.1 The care pathway and the various healthcare professionals involved
Here's a diagram of the market structure:
Only an ophthalmologist (***). During the appointment, the specialist examines the eyes through various tests, then draws up the prescription according to the person's specific needs. The first prescription is valid for one year, and once renewed, lenses can be purchased for a further * years. ...
3.2 Optical equipment production in Spain
The eyewear and contact lens production process
The production sites of the optical market are diverse, from the big leaders established in Spain and Europe (***) to the historic houses and the new brands and start-ups that are emerging. Depending on the range, glasses and lenses are not all manufactured in the ...
3.3 Distribution in the optical market
Overview of the optical retailing
Number of establishments Spain, ****-****, in units Source: ****
Number of industry professionals Spain, ****-****, in units Source: ****
We can see that the number of establishments and staff has increased in recent years, reaching **,*** optical retailers for a total of **,*** opticians in ****.
Optician activity is particularly concentrated ...
3.4 Ophthalmologists, prescribers of eyewear
Where do you have your eye examinations performed? Spain, ****, as % of total Source: ****
In Spain , opticians and ophthalmologists are logically the preferred places for consultations .
Hospitals with the best reputation for the ophthalmology specialty Spain, ****, index Source: ****
The hospitals with the best reputation for optahlmology in Spain ...
4.1 Market products
Broadly speaking, the three main sectors of the eyewear industry include :
Eyewear (***) Sunglasses Contact lenses
The product range is broad, and is measured according to the different needs of the eye. Glasses with different types of lenses, contact lenses, sunglasses with polarized lenses or different colors for a specific ...
4.2 Eyeglass and contact lens prices
Here are the average prices of various optical products in Spain.
Price trends for corrective lenses Spain, ****-****, in euros Source: ****
The average selling price of corrective lenses in Spain in **** is **.** euros, up *% on ****.
Eyewear price trend (***) Spain, ****-****, in Source: ****
The average selling price of ...
5.1 Legislation and recommendations
Prescription spectacles are Class I medical devices and must therefore comply with the safety, efficacy and quality requirements laid down in Royal Decree ***/**** governing medical devices . These requirements include the data that must appear on the label, which in the case of the products in question are as ...
5.2 Financing and grants
ForMUFACE affiliates, partial financial assistance is available for a variety of ophthalmic treatments and services. This assistance includes subsidies for eyeglasses, progressive eyeglasses, lens replacement, contact lenses, therapeutic lenses, low vision cases and prismatic aids. However, it is important to note that there are exceptions and limitations in terms of application ...
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- What is the positioning of companies in the value chain?
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- Data from several dozen databases
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