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Opticians in the UK: Market Research Report

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

Opticians Market Research Report | SIC G47.780 | Jun 2017

A strong focus: Revenue is expected to continue to grow in spite of intensifying competition

IBISWorld’s Opticians 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
Alliance Boots plc Alliance Boots plc market share
Specsavers Limited Specsavers Limited market share
Vision Express (UK) Limited Vision Express (UK) Limited market share
Industry Statistics & Market Size
Annual Growth 13-18
Annual Growth 18-23
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Industry Threats & Opportunities
  • Rising screen-based activity and the ageing population have boosted industry demand
  • Consolidation activity has increased as operators have attempted to expand their market shares
  • Although laser eyesurgery is becoming increasingly affordable, it will remain a minor threat
  • ... purchase to read more

Industry Analysis & Industry Trends

Operators in the Opticians industry fit and sell frames and prescription lenses, contact lenses and other eyewear accessories, and provide eye tests for consumers. The industry's performance has been relatively subdued over the past five years. The emergence of new external competition from supermarkets such as Tesco and Asda has put growing pressure on the already saturated market for corrective lenses. The ‘special offer' culture in which operators and competitors alike discount heavily in order to attract customers has become common on the high street, placing enormous pressure on profit margins.

In the face of increased competition and a stagnant market, consolidation activity is increasing as operators merge to strengthen their position in the market... purchase to read more

Industry Report - Industry Analysis Chapter

The Opticians industry has changed markedly over the past ten years. The performance of industry operators has been influenced by the economic downturn and subsequent recovery, the rising prevalence of online retailing, growing health consciousness and increasing external competition from supermarkets and department stores.

Revenue began the period at a relatively low base as the industry suffered during the downturn. Nevertheless, over the five years through 2017-18, industry revenue is anticipated to increase at a compound annual rate of 1.9% to reach £4.2 billion. Revenue is expected to rise by 0.7% in the current year, with growth largely driven by rising health consciousness, the ageing of the population, and the introduction of a number of new products and services. Hea.. purchase to read more

Additional Insights for the Opticians Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Opticians Industry are

  • Highly trained workforce
  • Proximity to key markets
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Real private consumption expenditure and Population aged 65 years and over in the Opticians industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Opticians Industry?

    Operators in this industry sell and fit prescription lenses, frames, contact lenses and other eyewear accessories from specialised stores. Opticians are trained to fit frames for customers and some also provide eye examinations. The industry excludes online retailers and in-store opticians in supermarkets.

    Industry Products
    FramesPrescription lensesContact lensesEye testsOther products
    Industry Activities
    Retail sale of prescription lenses in specialised storesRetail sale of framesRetail sale of contact lensesRetail sale of sunglasses and other eye accessoriesProvision of eye examinations

    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
  • Real private consumption expenditure
  • Population aged 65 years and over
  • Demand from supermarkets
  • Total health expenditure
  • Health consciousness
  • Current Performance
  • New entrants
  • Special offers
  • Consolidation activity
  • Technological advances
  • Chart: Revenue Growth
  • Industry Outlook
  • E-commerce options
  • Laser surgery
  • EU referendum
  • Market domination
  • Table: Opticians Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Opticians Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Allied Health-Care Services
  • Medical & Dental Instrument Manufacturing
  • Pharmaceutical Wholesaling
  • Products & Services
  • Frames
  • Prescription lenses
  • Contact lenses
  • Eye tests
  • Other products
  • Chart: Opticians Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • People aged between 50 and 64
  • People aged 65 and over
  • People aged between 30 and 49
  • People aged under 30
  • Chart: Major Market Segmentation for the Opticians Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Opticians
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Opticians Industry
  • Industry Globalization
    Major Companies
    Specsavers Optical Superstores Ltd
    Walgreens Boots Alliance Inc
    Vision Express (UK) Limited
  • Table: Specsavers Optical Superstores Ltd - financial performance
  • Table: Walgreens Boots Alliance Inc - financial performance
  • Table: Vision Express (UK) Limited - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Opticians 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 Opticians 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
    Corneal Ectasia
  • A disorder that causes the cornea to thin and change shape.
  • Glaucoma
  • A condition where higher pressure within the eyeball causes gradual sight loss.
  • Optometrist
  • A person who is able to measure eyesight, prescribe lenses and detect eye diseases.
  • Pachymeter
  • A medical device used to measure the thickness of the cornea.
  • Presbyopia
  • Long-sightedness caused by loss of elasticity of the lens of the eye.

  • 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 Opticians:
    • 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 Opticians 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 Opticians, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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