Industry Analysis & Industry Trends
Demand for the industry's products is driven by demand for medical and dental services, which is affected by factors such as the size and age of the population, life expectancy, lifestyle choices, rising access to medical services in developing countries and expectations of medical and oral-care outcomes. Economic conditions and the state of government finances also influence the level of spending on medical services.
Industry revenue is expected to increase at a compound annual rate of 2.1% over the five years through 2016-17. A projected increase in domestic demand is expected to have bolstered industry performance, supported by the ageing population, rising levels of obesity, technological advances and the fact that health-care services remain vital... purchase to read more
Industry Report - Industry Products Chapter
Products and parts related to eye care
Products and parts related to eye care, including ophthalmic instruments, spectacles, contact lenses, sunglasses, protective goggles, unmounted lenses and frames, are expected to account for 23.9% of industry revenue in 2016-17. Household spending pressures during the past five years have negatively affected spending on replacement and upmarket eyewear. As a result, this segment's share of industry revenue is expected to decline over the five years through 2016-17.
Artificial joints and parts
Sales of artificial joints, parts and accessories are estimated to generate 12.3% of industry revenue in 2016-17. Mor.. purchase to read more