SEARCH   
MEMBER LOGIN      
Forgot Password?

Online Glasses & Contact Lens Retailing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Online Glasses & Contact Lens Retailing Market Research Report | SIC UK0.011 | Mar 2016

Clear focus: The industry is expected to grow strongly, despite increasing competition

IBISWorld’s Online Glasses & Contact Lens Retailing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
GetLenses Ltd GetLenses Ltd market share
MyOptique Group Ltd MyOptique Group Ltd market share
Industry Statistics & Market Size
Revenue
£209m
Annual Growth 11-16
12.7%
Annual Growth 16-21
Purchase to read more
Profit
Purchase to read more
Employment
748
Businesses
140
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.

London

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.

.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Online Glasses & Contact Lens Retailing Industry?

Companies in this industry sell optical and eyewear goods over the internet. Merchandise is generally purchased from manufacturers and wholesalers and is sold to the public. The industry excludes the sale of normal sunglasses, but prescription sunglasses are included. The industry only covers firms that retail exclusively online.

Industry Products
GlassesContact lenses
 
Industry Activities
Selling contact lensesSelling glassesSelling prescription sunglassesSelling related accessories


View Sample
Quote
Select Clients