All eyes: Online eyewear sales will grow at a slower pace due to industry concentration

Since 2004, the Online Eyeglasses and Contact Lens Sales industry has benefited from the Fairness to Contact Lens Consumers Act, which has enabled consumers to receive contact lens prescriptions without having to purchase industry products from a particular seller. For example, prescribers that provide eye prescriptions cannot require patients to purchase contact lens, glasses or other industry products at the end of the fitting, enabling online retailers to provide eye products directly to consumers...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
4.9%
Forecast Growth 18-23
Profit
Employment
10,060
Businesses
1,727

Industry Threats & Opportunities

  • Online retailers will expand their software that enables consumers to virtually try on products
  • Many online retailers have invested in innovative technologies to mitigate competition
  • More operators will invest in word-of-mouth and social media marketing
  • Industry Report - Starting a New Business Chapter

    The Online Eyeglasses and Contact Lens Sales industry is characterized by moderate barriers to entry. While barriers to entry are relatively low for potential industry entrants, due to low capital costs related to purchasing a domain name, website hosting services, a computer and related equipment, new industry entrants still contend with incumbent companies having established networks of suppliers. For example, potential industry entrants grapple with most contact lenses and eyeglasses being manufactured by a limited number of companies, evidenced by Luxottica Group's ownership of many brand-name industry products. As a result, it can be arduous for potential industry entrants to establish favorable supply relationships with manufacturers...purchase to read more.

    Additional Insights for the Online Eyeglasses & Contact Lens Sales Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Online Eyeglasses & Contact Lens Sales Industry are

  • Ability to quickly adopt new technology
  • Having a good reputation
  • Easy access for customers
  • IBISWorld analysts also discuss how external factors such as Demand from optometrists and Per capita disposable income in the Online Eyeglasses & Contact Lens Sales industry impact industry performance..

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    What's in this report

    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
  • Eyeglasses
  • Sunglasses
  • Nonprescription eyeglasses
  • Contacts
  • Industry Activities
  • Retailing prescription and nonprescription eyeglasses over the internet
  • Retailing contact lenses over the internet
  • Retailing sunglasses over the internet
  • Retailing optical accessories over the internet
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from optometrists
  • Per capita disposable income
  • Number of broadband connections
  • Number of people with private health insurance

  • Current Performance
  • E-commerce competes with brick-and-mortar
  • Enterprises and employees
  • Chart: Revenue Growth

  • Industry Outlook
  • Innovative technologies
  • Regulatory framework
  • Table: Online Eyeglasses & Contact Lens Sales Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Eyeglasses & Contact Lens Sales Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Glasses & Contact Lens Manufacturing
  • Optometrists

  • Products & Services
  • Contacts
  • Eyeglasses
  • Nonprescription eyeglasses
  • Sunglasses
  • Chart: Online Eyeglasses & Contact Lens Sales Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals aged 50 and older
  • Individuals aged 35 to 49
  • Individuals aged 19 and younger
  • Individuals aged 20 to 34
  • Chart: Major Market Segmentation for the Online Eyeglasses & Contact Lens Sales Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing and advertising
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Online Eyeglasses & Contact Lens Sales

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Eyeglasses & Contact Lens Sales Industry

  • Industry Globalization
    1-800 Contacts, The Walgreen Company,
  • Table: 1-800 Contacts - financial performance
  • Table: The Walgreen Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Online Eyeglasses & Contact Lens Sales Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Online Eyeglasses & Contact Lens Sales Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of broadband connections (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brick And Mortar
  • Stores that have a physical presence and location, as opposed to online retailers.
  • Broadband
  • An alternative to dial-up internet that gives users access to higher rates of data and greater bandwidth.
  • Eye Care Professional (Ecp)
  • An individual who provides a service related to the eyes or vision.
  • Optometrist
  • Individuals that earn a Doctor of Optometry, perform eye exams, write prescriptions and dispense eyewear.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Online Eyeglasses & Contact Lens Sales Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Online Eyeglasses & Contact Lens Sales:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Online Eyeglasses & Contact Lens Sales market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Online Eyeglasses & Contact Lens Sales, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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