Industry Analysis & Industry Trends
The revenue of the Online Glasses and Contact Lens Retailing industry is expected to grow at a compound annual rate of 12.7% over the five years through 2015-16, reaching £209.2 million. This includes growth of 6.6% in 2015-16. This rapid expansion was made possible by a relaxation in the law governing the sale of glasses and contact lenses in 2005. Opticians writing eye prescriptions cannot require their patients to purchase contact lenses, glasses or other industry products at the end of a consultation. Greater awareness of this has encouraged more consumers to fulfil their prescriptions more cheaply online.
However, the industry has faced strong competition from large, well-established bricks-and-mortar retailers, which are not covered in the industry... purchase to read more
Industry Report - Industry Locations Chapter
Although industry operators do not operate bricks-and-mortar stores, they still require offices and storage locations or warehouses. Owing to the nature of the industry, operators do not need to locate themselves in expensive areas and can usually operate effectively in low-cost areas.
Despite this, London accounts for the highest proportion of industry establishments. Since the city is the key business hub of the United Kingdom, many operators have at least one of their offices there. However, operators tend to find cheaper locations for their storage facilities and warehouses. Overall, London is expected to account for 15.4% of industry establishments.
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