Industry Analysis & Industry Trends
The Online Eyeglasses and Contact Lens Sales industry will experience continued growth over the next five years, after revenue soared during the past five years. Favorable economic conditions and the rising popularity of online shopping will bolster demand, as consumers increasingly value convenience and low prices. Nevertheless, intense internal and external competition will continue to threaten the industry's overall growth.... purchase to read more
Industry Report - Industry Analysis Chapter
Over the past five years, the Online Eyeglass and Contact Lens Sales industry has benefited from more consumer purchasing eyewear products from online retailers, rather than brick-and-mortar stores. Nevertheless, according to data from Vision Monday, about 32.0% of individuals that used the internet to view eyewear actually purchased industry products from internet retailers in 2011 (latest data available). In particular, 2.4% of consumers that visited online websites purchased eyeglasses, OTC readers (3.0%), plano sunglasses (4.3%) and contact lenses (16.4%).
Still, the industry has derived industry revenue growth from the estimated 1.5 million to 1.7 million prescription eyeglasses that were purchased online in 2011... purchase to read more