March 7, 2014 12:47 UTC

Research and Markets: Ophthalmic Goods & Services Market Report Forecasts a Modest Year-On-Year Growth of Between 2.3% and 2.6% between 2013 and 2017

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/gt7tnn/ophthalmic_goods) has announced the addition of the "Ophthalmic Goods & Services Market Report 2013" report to their offering.

This Market Report examines the UK market for ophthalmic goods and services, comprising prescribed spectacles and contact lenses; general ophthalmic services; private sight tests; and laser eye surgery. Contact lens care products and cleaning supplies, as well as eyewashes and drops for specific medical conditions are excluded from this report.

The market is dominated by several high-street multiples including Boots Opticians, Specsavers and Vision Express. Boots and Specsavers are the two major optical retailers; together they operate more than 1,200 optical branches across the UK. Vision Express and Optical Express are another two significant retailers, which have around 330 and 130 UK outlets, respectively. Within the supermarket sector, Tesco has more than 180 in-store opticians, while ASDA has nearly 100. The leading suppliers of ophthalmic products in the UK are multinational companies, including Essilor, Carl Zeiss, Bausch & Lomb, Johnson & Johnson, CooperVision and Alcon, all of which have well-established distribution networks for their products.

The recent economic downturn and the recession that followed had a dampening effect on all sectors in the retail industry, including the market for ophthalmic goods and services. The author estimates that the total market (excluding laser eye surgery) grew by a modest 3.5% in 2012. The market is dominated by the ophthalmic goods sector, which accounted for 86.4% of the market's total in 2012; this sector is in turn dominated by sales of spectacles. The average price of a pair of spectacles has fallen dramatically in recent years as a growing number of opticians are offering promotional deals such as buy one get one free' offers as well as broadening the choice of eye wear and range of prices.

The UK economy is expected to remain subdued over the next few years; however, the future for ophthalmic goods and services may not be as bleak. Key Note believes that demand for ophthalmic goods and services will benefit from the UK's increasingly ageing population, as well as new product development (NPD) in the corrective eyewear field.

For more information visit http://www.researchandmarkets.com/research/gt7tnn/ophthalmic_goods

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Source: Research and Markets