The
Eye Glasses and Contact Lens Stores industry
has begun its recovery from the economic recession, says an analyst from
IBISWorld. While sales of
eyewear during this rough period have been relatively stable because of
need-based demand, revenue declined in 2008. Improving incomes and a
growing aging population have helped bolster sales, with revenue
expected to grow 2.3% from 2011 to 2012. Despite the industry's
lackluster performance in 2008, revenue has grown at an average annual
rate of 0.5% to $9.1 billion over the five years to 2012.
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