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 - 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.
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