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NAICS Code 423460-04 Description (8-Digit)

Lenses (Wholesale) is a subdivision of the Ophthalmic Goods Merchant Wholesalers industry that involves the wholesale distribution of lenses used in eyeglasses, cameras, microscopes, telescopes, and other optical instruments. This industry is responsible for the distribution of lenses to retailers, optometrists, ophthalmologists, and other businesses that require lenses for their products. Lenses (Wholesale) companies may also provide consultation services to their clients to help them choose the right lenses for their specific needs.

Hierarchy Navigation for NAICS Code 423460-04

Tools

Tools commonly used in the Lenses (Wholesale) industry for day-to-day tasks and operations.

  • Lensometers
  • Lens edgers
  • Lens tinting machines
  • Lens cleaning solutions
  • Lens polishing machines
  • Lens cutting machines
  • Lens drilling machines
  • Lens inspection equipment
  • Lens marking machines
  • Lens packaging equipment

Industry Examples of Lenses (Wholesale)

Common products and services typical of NAICS Code 423460-04, illustrating the main business activities and contributions to the market.

  • Eyeglass lenses
  • Camera lenses
  • Microscope lenses
  • Telescope lenses
  • Projector lenses
  • Binocular lenses
  • Magnifying glass lenses
  • Laser lenses
  • Endoscope lenses
  • Surveying instrument lenses

Certifications, Compliance and Licenses for NAICS Code 423460-04 - Lenses (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • American Board Of Opticianry (ABO): A certification for opticians that demonstrates their knowledge and skills in the field. The certification is provided by the National Academy of Opticianry.
  • National Contact Lens Examiners (NCLE): A certification for contact lens technicians that demonstrates their knowledge and skills in the field. The certification is provided by the National Contact Lens Examiners.
  • Certified Optician: A certification for opticians that demonstrates their knowledge and skills in the field. The certification is provided by the American Board of Opticianry and the National Contact Lens Examiners.
  • Certified Ophthalmic Technician (COT): A certification for ophthalmic technicians that demonstrates their knowledge and skills in the field. The certification is provided by the Joint Commission on Allied Health Personnel in Ophthalmology.
  • Certified Ophthalmic Assistant (COA): A certification for ophthalmic assistants that demonstrates their knowledge and skills in the field. The certification is provided by the Joint Commission on Allied Health Personnel in Ophthalmology.

History

A concise historical narrative of NAICS Code 423460-04 covering global milestones and recent developments within the United States.

  • The "Lenses (Wholesale)" industry has a long history dating back to the 13th century when the first eyeglasses were invented in Italy. The first lenses were made of glass and were very expensive, so only the wealthy could afford them. In the 18th century, Benjamin Franklin invented bifocal lenses, which allowed people to see both near and far distances with the same pair of glasses. In the 19th century, the first contact lenses were invented, but they were not widely used until the 20th century. In the 1950s, plastic lenses were invented, which made glasses more affordable and durable. In recent years, the industry has seen advancements in lens technology, such as anti-reflective coatings, photochromic lenses, and high-index lenses, which are thinner and lighter than traditional lenses. In the United States, the "Lenses (Wholesale)" industry has seen significant growth in recent years due to an aging population and an increase in eye-related health problems. According to the Vision Council of America, the eyewear industry in the United States generated $44 billion in revenue in 2019, with prescription lenses accounting for a significant portion of that revenue. The industry has also seen advancements in technology, such as digital lenses, which are designed to reduce eye strain caused by prolonged use of digital devices. Overall, the industry has a bright future as demand for eyewear continues to grow.

Future Outlook for Lenses (Wholesale)

The anticipated future trajectory of the NAICS 423460-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Lenses (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for eyewear products, especially prescription eyewear. The aging population and the rise in eye-related diseases such as cataracts and glaucoma are also expected to drive the growth of the industry. Additionally, the increasing awareness of the importance of eye health and the growing popularity of eyewear as a fashion accessory are expected to contribute to the growth of the industry. However, the industry may face challenges such as increasing competition from online retailers and the rising cost of raw materials. Overall, the Lenses (Wholesale) industry is expected to experience steady growth in the coming years.

Industry Innovations for NAICS Code 423460-04

Recent groundbreaking advancements and milestones in the Lenses (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Smart Lenses: Smart lenses are a recent innovation in the Lenses (Wholesale) industry. These lenses can change their focus automatically, providing a more comfortable and convenient experience for the wearer. They can also be used to monitor the wearer's health by measuring glucose levels and other vital signs.
  • Blue Light Blocking Lenses: Blue light blocking lenses are designed to protect the eyes from the harmful effects of blue light emitted by electronic devices. These lenses are becoming increasingly popular due to the growing use of electronic devices and the associated eye strain and fatigue.
  • Anti-Fog Lenses: Anti-fog lenses are designed to prevent fogging, which can be a common problem for people who wear glasses in cold or humid environments. These lenses are coated with a special material that prevents moisture from condensing on the lens surface.
  • Progressive Lenses: Progressive lenses are a recent innovation in the Lenses (Wholesale) industry that provide a seamless transition between different prescriptions. These lenses are designed to provide clear vision at all distances, eliminating the need for multiple pairs of glasses.
  • Customized Lenses: Customized lenses are becoming increasingly popular in the Lenses (Wholesale) industry. These lenses are designed to meet the specific needs of the wearer, taking into account factors such as prescription, lifestyle, and occupation. Customized lenses can provide a more comfortable and personalized experience for the wearer.

NAICS Code 423460-04 - Lenses (Wholesale)

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