The revenue of the Online Glasses and Contact Lens Retailing industry is expected to grow at a compound annual rate of 16.6% over the five years through 2014-15, reaching £193.5 million. This includes growth of 9.6% in 2014-15. 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.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.