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 Products Chapter
Prescription contact lenses make up the majority of revenue in the industry. However, as the burgeoning elderly population will likely use prescription glasses more than contact lenses, prescription glasses are expected to exhibit growth over the next five years. Thanks to innovative technologies that enable customers to virtually try on glasses, many online retailers have benefited from strong consumer demand for glasses. Moreover, some industry operators, such as Warby Parker, have offered glasses with unique designs and low prices, thus stimulating demand for glasses.
Contact lenses account for the largest share of industry revenue, with an estimated 65.0% of industry revenue in 2014... purchase to read more