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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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
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Profit
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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 Key Buyers Chapter

The industry is estimated to have a relatively low level of market share concentration, with the largest three firms accounting for 17.2% of industry revenue. The industry has only reached the mass market in the past decade. It is growing extremely quickly and new operators are still entering the market in their droves. In these conditions, no single operator has been able to become dominant, and the largest firm is only estimated to account for 7.1% of total industry revenue.

The Online Glasses and Contact Lens Retailing industry is expected to become more concentrated over the coming five years as the larger firms capture a larger share of the market. Acquisitions and organic growth mean both of the leading industry operators have grown faster than the industry as a whole.

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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


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