Opticians in the UK - Industry Market Research Report

In Focus: Revenue Continues to Edge Upwards as an Ageing Populations' Need for Eyewear Climbs

Opticians' revenue is expected to drop at a compound annual rate of 1.8% over the five years through 2022-23 to £5.1 billion. Health deteriorates with age, so it's no surprise that as Britons have become older, the need for corrective eyewear has followed an upward trajectory. Meanwhile, people are glued to their desktops at work and smartphones after they clock off, but extended screen time hours come at a cost. Britons are starting to view eyewear differently - it's no longer just a function purchase but also driven by changing fashion trends and tastes. Companies in this industry sell and fit prescription lenses, frames, contact lenses and other eyewear accessories from specialised stores. Opticians are trained to fit frames for customers and some also provide eye examinations. The industry excludes online retailers and in-store opticians in supermarkets. 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 key players and their market shares.