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Online Eyeglasses & Contact Lens Sales in the US: Market Research Report

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

Online Eyeglasses & Contact Lens Sales Market Research Report | Online Retail | Online Pharmaceutical, Health & Beauty | Aug 2013

Clear vision: Online eyewear sales will soar, as the economic recovery drives consumer spending

IBISWorld’s Online Eyeglasses & Contact Lens Sales 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
1-800-Contacts.com 1-800-Contacts.com market share
Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 08-13
8.1%
Annual Growth 13-18
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Profit
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Employment
1,343
Businesses
264
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 SWOT Analysis Chapter

Online eyeglasses and contact lens stores operate in a growing industry, with rising participation and modest technological development. Over the 10 years to 2018, IBISWorld anticipates that the industry value added (which measures the industry's contribution to the US economy) will grow at an average annual rate of 8.1%. Meanwhile, US GDP is forecast to rise by 2.1% per year. This discrepancy indicates that the industry is in the growth stage of its life cycle, since industry value added growth significantly outpaces that of the domestic economy.

Over the five years to 2013, the industry has had a wave of new entrants. In fact, the number of establishments (i.e. websites) has increased at an average annual rate of 3.9% to an estimated 276 operators in 2013... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Online Eyeglasses & Contact Lens Sales Industry?

This industry sells optical and eyewear goods over the internet. Merchandise is generally purchased from domestic (in some cases international) manufacturers and wholesalers, and it is then sold to the public.

Industry Products
EyeglassesSunglassesPrescription sunglassesContacts
 
Industry Activities
Retailing prescription and nonprescription eyeglasses over the internetRetailing contact lenses over the internetRetailing sunglasses over the internetRetailing optical accessories over the internet


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