2014-02-07 08:11:03 - Optical Instruments and Photographic Equipment in Australia: ISIC 332 - a new market research report on companiesandmarkets.com
Australian optical instruments and photographic equipment saw 5% annual growth over 2000-2010, and with eye health an increasing problem, the market is set to continue growing. The total market of optical instruments and photographic equipment increased by a net 61% over the whole decade, reaching a value of A$3.2 billion by 2010.
The market saw the largest year-on-year growth of 13% in 2006, and was fairly resilient to the economic downturn, only stagnating in both 2009 and 2010. Households clearly represent the largest customers for these products, and their value share of the market remained at 94% throughout the decade.
This is unsurprising, as households are buyers of spectacles and goggles, and as it is estimated that around half of people in
Australia have long-term eye problems and eye health is a growing concern in the healthcare industry, demand for these products is set to remain high.
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