Online Eyeglasses & Contact Lens Sales in the US - Industry Market Research Report

Fresh eyes: Industry growth will increase price-based competition, impeding the rise in profit

The Online Eyeglasses and Contact Lens Sales industry has experienced significant growth over the past five years. Industry revenue growth has been supported by rising e-commerce sales as consumers make the shift to online retailers for convenience and cost savings. More notably, innovative technologies have been introduced into the industry, such as augmented reality which allows consumers to try on frames virtually. This technology has allowed online retailers to more closely replicate the traditional in-person shopping experience. Moreover, the industry's growth was furthered by the coronavirus as consumers flocked to online retailers amid store closures and safety concerns. In all, industry revenue is expected to increase at a CAGR of 10.5% to $1.5 billion over the past five years, including an expected increase of 4.3% in 2023 alone.

This industry sells optical and eyewear goods over the internet. Merchandise is generally purchased from domestic (and in some cases international) manufacturers and wholesalers before being sold to the public.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.