Industry Analysis & Industry Trends
The Online Eyeglasses and Contact Lens Sales industry has benefited from more consumers purchasing eyewear products from online retailers, rather than brick-and-mortar stores. Furthermore, the burgeoning elderly population has provided a boon to the industry. However, in the next five years, the industry will endure rising external competition, slowing industry growth. Nevertheless, many online retailers will expand their software that enables consumers to virtually try on products or try on frames at home, boosting demand for industry services.... 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 2015... purchase to read more