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:6/26/2016)... ... ... Kasmer, a legally blind and certified personal trainer is helping to develop a weight loss ... plans to fix the two major problems leading the fitness industry today:, ... , They don’t eliminate all the reasons people quit their exercise program ...
(Date:6/25/2016)... ... , ... "With 30 hand-drawn hand gesture animations, FCPX users can easily customize ... Pixel Film Studios. , ProHand Cartoon’s package transforms over 1,300 hand-drawn pictures into ... Simply select a ProHand generator and drag it above media or text in the ...
(Date:6/25/2016)... ... , ... Conventional wisdom preaches the benefits of moderation, whether it’s a matter ... bar too high can result in disappointment, perhaps even self-loathing. However, those who set ... , Research from PsychTests.com reveals that behind the tendency to set low ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Pulmonary Hypertension Association (PHA) ... will receive two significant new grants to support its work to advance research ... anniversary by recognizing patients, medical professionals and scientists for their work in fighting ...
(Date:6/24/2016)... ... June 24, 2016 , ... People across the U.S. are sharpening ... Talker Award, an essay contest in which patients and their families pay tribute to ... at the 2016 National Society of Genetic Counselors (NSGC) Annual Education Conference (AEC) this ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... SAN FRANCISCO, Calif. , June 24, 2016 ... GBT ), a biopharmaceutical company developing novel therapeutics ... significant unmet needs, today announced the closing of ... shares of common stock, at the public offering ... shares in the offering were offered by GBT. ...
(Date:6/24/2016)... , June 24, 2016 ... Markets has announced the addition of the " ... offering. This ... and provides an updated review, including its applications in ... the total market, which includes three main industries: pharmaceutical ...
(Date:6/24/2016)... 2016 The Academy of Managed Care Pharmacy ... that would allow biopharmaceutical companies to more easily share ... formulary and coverage decisions, a move that addresses the ... The recommendations address restrictions in the sharing ... drug label, a prohibition that hinders decision makers from ...
Breaking Medicine Technology: