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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 | May 2017

A clear picture: The industry continues to quickly expand in spite of rising external competition

IBISWorld’s Online Glasses & Contact Lens Retailing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
GetLenses Ltd GetLenses Ltd market share
MyOptique Group Ltd MyOptique Group Ltd market share
Industry Statistics & Market Size
Annual Growth 13-18
Annual Growth 18-23
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Industry Threats & Opportunities
  • The older generation’s growing familiarity with online retailing is expected to boost demand
  • The online industry dominates the sale of contact lenses as products are fairly homogenous
  • Operators are expected to form partnerships with small independent opticians to offer free eye tests
  • ... purchase to read more

Industry Analysis & Industry Trends

The revenue of the Online Glasses and Contact Lens Retailing industry is expected to increase at a compound annual rate of 8.3% over the five years through 2017-18, reaching £244 million. This includes growth of 5.1% in 2017-18. 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 included in the industry... purchase to read more

Industry Report - Industry Investment Chapter

The Online Glasses and Contact Lens Retailing industry is expected to have a medium level of capital intensity. This is determined by comparing the level of capital expenditure to the wage costs. Online retailers do not usually have a labour-intensive business model because, unlike traditional retailers, they do not need staff to sell their products in person. Staff are predominantly needed for customer service, transportation and inventory management. However, staff with technical expertise are also required to create and maintain websites.

Online retailers also do not typically have high capital costs. Capital costs mainly relate to the maintenance of databases, computers and electronic payment systems. Overall, IBISWorld estimates that for every £1.00 s.. purchase to read more

Additional Insights for the Online Glasses & Contact Lens Retailing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Glasses & Contact Lens Retailing Industry are

  • Having links with suppliers
  • Ability to control stock on hand
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Demand from supermarkets and Demand from opticians in the Online Glasses & Contact Lens Retailing industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Online Glasses & Contact Lens Retailing Industry?

    Companies in this industry sell opticaland 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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from supermarkets
  • Demand from opticians
  • Total health expenditure
  • Real household disposable income
  • Population aged 65 years and over
  • Total online expenditure
  • Health consciousness
  • Current Performance
  • In focus
  • The high street

    hits back

  • Supermarket

    price wars

  • Eyes on the prize
  • Spot the changes
  • Margins contract
  • Chart: Revenue Growth
  • Industry Outlook
  • Competitive advantages
  • Demand boost
  • Table: Online Glasses & Contact Lens Retailing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Glasses & Contact Lens Retailing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Basic Pharmaceutical Product Manufacturing
  • Cardboard Packaging & Paper Bag Manufacturing
  • Medical & Dental Instrument Manufacturing
  • Postal & Courier Activities
  • Products & Services
  • Contact lenses
  • Glasses
  • Other
  • Chart: Online Glasses & Contact Lens Retailing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • People aged between 18 and 34
  • People aged between 35 and 50
  • People aged over 50
  • People aged under 18
  • Chart: Major Market Segmentation for the Online Glasses & Contact Lens Retailing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Online Glasses & Contact Lens Retailing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Glasses & Contact Lens Retailing Industry
  • Industry Globalization
    Major Companies
    MyOptique Group Ltd
    Vision Direct Group Ltd
  • Table: MyOptique Group Ltd - financial performance
  • Table: Vision Direct Group Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Online Glasses & Contact Lens Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Online Glasses & Contact Lens Retailing Industry
  • Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
  • A defect of vision caused by an imperfection in the eye. Also known as long-sightedness.
  • Myopia
  • A defect of the eye that causes an object to be out of focus when it is observed from a distance. This is commonly known as short-sightedness.
  • Pupillary Distance
  • The distance between the centres of the pupils in each eye. Pupillary distance is especially important when fitting for varifocal glasses.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Online Glasses & Contact Lens Retailing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Online Glasses & Contact Lens Retailing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Online Glasses & Contact Lens Retailing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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