Multiples battle for market supremacy

Competition in the optical market looks set to rise as Specsavers' crown for supremacy in the high street is challenged by the newly enlarged Boots Opticians according to the latest market report from Key Note.

The good news is that competition will take place against the background of a growing market for ophthalmic services and optical goods. According to Ophthalmic Goods & Services from Key Note the market for optical goods grew by 11.2 per cent from 2006 until 2009 to stand at £2.93bn and, despite tough market conditions, this growth will continue. Between 2010 and 2014 Key Note expects the market to grow to £3.33bn.