NAICS Code 423460-11 - Eyeglasses/Contact Lenses (Wholesale)/Mfr Equip

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NAICS Code 423460-11 Description (8-Digit)

The Eyeglasses/Contact Lenses (Wholesale)/Mfr Equip industry involves the wholesale distribution and manufacturing of ophthalmic goods such as eyeglasses, contact lenses, and related equipment. This industry is responsible for providing these products to retailers, optometrists, and ophthalmologists who then sell them to consumers. The industry is highly competitive and requires a deep understanding of the latest trends in fashion and technology to remain relevant.

Hierarchy Navigation for NAICS Code 423460-11

Tools

Tools commonly used in the Eyeglasses/Contact Lenses (Wholesale)/Mfr Equip industry for day-to-day tasks and operations.

  • Lensometer
  • Pupilometer
  • Optical pliers
  • Lens edger
  • Frame warmer
  • Ultrasonic cleaner
  • Lens tinting machine
  • Optical drill
  • Frame heater
  • Lens groover

Industry Examples of Eyeglasses/Contact Lenses (Wholesale)/Mfr Equip

Common products and services typical of NAICS Code 423460-11, illustrating the main business activities and contributions to the market.

  • Eyeglass frames
  • Prescription lenses
  • Contact lens solution
  • Lens cleaning wipes
  • Lens cases
  • Eyeglass chains
  • Lens cloths
  • Lens repair kits
  • Eyeglass repair kits
  • Lens magnifiers

Certifications, Compliance and Licenses for NAICS Code 423460-11 - Eyeglasses/Contact Lenses (Wholesale)/Mfr Equip

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 American Board of Opticianry and requires passing an exam.
  • 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 and requires passing an exam.
  • Food and Drug Administration (FDA) Registration: A requirement for companies that manufacture or distribute medical devices, including contact lenses. The registration is provided by the FDA and ensures that the products meet safety and quality standards.
  • Occupational Safety and Health Administration (OSHA) Compliance: A requirement for companies to ensure a safe and healthy workplace for their employees. Compliance with OSHA regulations is mandatory and failure to comply can result in fines and penalties.
  • Federal Trade Commission (FTC) Compliance: A requirement for companies to ensure that their advertising and marketing practices are truthful and not misleading. Compliance with FTC regulations is mandatory and failure to comply can result in fines and penalties.

History

A concise historical narrative of NAICS Code 423460-11 covering global milestones and recent developments within the United States.

  • The eyeglasses and contact lenses industry has a long history dating back to the 13th century when the first pair of eyeglasses was invented in Italy. The industry has since undergone significant advancements, including the introduction of bifocal lenses in the 18th century and the development of contact lenses in the 20th century. In the United States, the industry experienced a boom in the 1950s and 1960s with the introduction of soft contact lenses. The industry has continued to evolve with the introduction of new technologies such as digital lenses and smart glasses. Recent history in the United States has seen the industry experience steady growth due to an aging population and an increase in eye-related health issues. The industry has also seen a rise in demand for fashionable eyewear, with many consumers purchasing multiple pairs of glasses for different occasions. The COVID-19 pandemic has also had an impact on the industry, with an increase in demand for blue light blocking glasses due to the rise in remote work and screen time. Overall, the industry has shown resilience and adaptability in the face of changing consumer needs and technological advancements.

Future Outlook for Eyeglasses/Contact Lenses (Wholesale)/Mfr Equip

The anticipated future trajectory of the NAICS 423460-11 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The eyeglasses/contact lenses (wholesale)/mfr equip industry in the USA is expected to grow in the coming years due to the increasing demand for eyewear products. The aging population and the rise in eye-related diseases are some of the factors driving the growth of the industry. Additionally, the increasing use of digital devices and the growing awareness of eye health are also contributing to the growth of the industry. The industry is also expected to benefit from the advancements in technology, such as 3D printing, which is making the production of eyewear products more efficient and cost-effective. Overall, the future outlook for the eyeglasses/contact lenses (wholesale)/mfr equip industry in the USA is positive, and it is expected to continue to grow in the coming years.

Industry Innovations for NAICS Code 423460-11

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

  • Smart Glasses: Smart glasses are eyewear products that can display information and provide augmented reality experiences. They are becoming increasingly popular in various industries, including healthcare, education, and entertainment.
  • Blue Light Blocking Lenses: Blue light blocking lenses are designed to reduce the amount of blue light that enters the eyes, which can cause eye strain and disrupt sleep patterns. They are becoming more popular as people spend more time in front of digital devices.
  • Customized Lenses: Customized lenses are becoming more popular as people seek eyewear products that are tailored to their specific needs. Advances in technology, such as 3D printing, are making it easier and more cost-effective to produce customized lenses.
  • Contact Lenses with Built-In Sensors: Contact lenses with built-in sensors are being developed to monitor various health conditions, such as glucose levels in people with diabetes. They are also being developed to provide augmented reality experiences.
  • Sustainable Eyewear: Sustainable eyewear is becoming more popular as people become more environmentally conscious. Eyewear companies are using eco-friendly materials, such as recycled plastic and bamboo, to produce sustainable eyewear products.

NAICS Code 423460-11 - Eyeglasses/Contact Lenses (Wholesale)/Mfr Equip

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