Navigation Links
Online Eyeglasses and Contact Lens Sales in the US Industry Market Research Report Now Available from IBISWorld
Date:8/25/2013

Los Angeles, CA (PRWEB) August 25, 2013

In 2003, Congress passed the Fairness to Contact Lens Consumers Act, which allowed consumers to purchase contact lenses separate from eye exams. According to IBISWorld Industry analyst Nikoleta Panteva, “since then, the Online Eyeglasses and Contact Lens Sales industry has experienced rapid growth”. Supported by a rising number of households with broadband access and the development of secure payment methods, consumers increasingly spend their money online, including on eyeglasses and contact lenses. Furthermore, consumer demand for convenient at-home shopping and affordable online eyeglasses and contact lenses has also driven up industry demand. To this end, IBISWorld estimates that revenue will increase at an average annual rate of 8.1% to $7.8 billion in the five years to 2013, with a 9.4% jump in 2013. During the recession, consumers out off discretionary eyewear purchases, opting instead for lower priced necessities. Since then, consumer discretionary spending has picked up, supporting revenue growth.

Over the five years to 2018, the industry will continue to grow. The economic recovery will drive industry demand, since it will allow consumers to upgrade their prescriptions and buy corrective lenses. Expenditure on high-end luxury eyewear is also expected to resume as consumers regain confidence. “However, the industry will continue to face challenges from internal and external competition, and a move to collect sales tax for online retailers will threaten growth”, says Panteva.

The Online Eyeglasses and Contact Lens Sales industry exhibits low market share concentration. While large players like 1-800-Contacts have experienced expanding market share over the past five years, a slew of new industry participants has diluted market share concentration over the five years to 2013. New entrants find the low overhead and wage costs easy to handle and revenue opportunities attractive. As such, over the past five years, the number of industry players has increased, reducing the average market share.

For more information, visit IBISWorld’s Online Eyeglasses and Contact Lens Sales in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

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 Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/8/prweb11058721.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. Buy Women’s Dresses Online at 4leafcity.com
2. Term Life Insurance With No Medical Exam Now Available Online from EQUOTE.com
3. AgeMatch.com is Now Connecting Single Younger Women With Older Men Online
4. Online USA Doctors Announces a New Male Treatment Program For Sensitive Male Health Issues
5. Chandler Hall Hospice Teams With Online Hospice Volunteer Training Company
6. Seamless Medical Joins Greenway Online Marketplace for Complete Health IT Solutions
7. Online USA Doctors Announces New Health Insurance Options Answering Obama’s Call to Action
8. Cheap Women's Coats Now Online At 4leafcity.com
9. CPR Training Class Announces the Launch of its New Online CPR and First Aid Certification Program
10. Best Low T Treatments Reviews Posted Online at iNewsReel.com
11. Online USA Doctors Answers Medical Questions 24 Hours a Day Nationwide
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... Nevada (PRWEB) , ... October 13, 2017 , ... ... Hemp CBD Oil utilizing Purzorb™ technology. Applying the Purzorb™process to full spectrum CBD oil ... required and providing a CBD form that can be easily incorporated into liquid products, ...
(Date:10/13/2017)... RIDGE, N.J. (PRWEB) , ... October 13, 2017 , ... ... annual Holly Day Market. Featuring a collection of specialty vendors and unique items from ... of personalized and quality-focused health and wellness services offered by the VNA. The ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... Software Development, has been awarded a contract by the Center for Medicare and ... aims to accelerate the enterprise use of Agile methodologies in a consistent and ...
(Date:10/12/2017)... ... October 12, 2017 , ... Planet Fitness, one of the largest and ... plans to open a flagship location in Covington, LA at 401 N. U.S. Highway ... store next to Office Depot in the Holiday Square shopping center. Its location allows ...
(Date:10/12/2017)... ... October 12, 2017 , ... Information about the technology: ... develop to enable prevention of a major side effect of chemotherapy in children. ... pediatric patients. For cisplatin, hearing loss is FDA listed on-label as a dose ...
Breaking Medicine News(10 mins):
(Date:9/28/2017)... Hill-Rom Holdings, Inc. (NYSE: HRC), will host ... webcast on Friday, November 3, 2017, beginning at 7:00 ... approximately 8:30 a.m. (CDT) / 9:30 a.m. (EDT). ... performance and guidance for 2018, Hill-Rom executives will also ... performance, and long-range financial outlook through 2020. ...
(Date:9/27/2017)... NEW YORK , Sept. 27, 2017  DarioHealth Corp. ... big data solutions, today announced that its MyDario product is expected to ... TV listings for when The Dr. Oz Show airs in your area: ... The nine-time Emmy award-winning, ... ...
(Date:9/23/2017)... -- Janssen Biotech, Inc. (Janssen) announced today that it ... Food and Drug Administration (FDA) for the Biologics License ... of moderately to severely active rheumatoid arthritis (RA). The ... to further evaluate the safety of sirukumab in the ... "We are disappointed by ...
Breaking Medicine Technology: