Not only that, but laserdisc was always a small niche market item while the DVD ushered in an era in which physical discs became mass market items that were even located near grocery store cashier lanes just before checking out.I don't think that's an apt comparison, though. Aside from packaging, and arguably sound quality, laserdisc had no advantages over DVD. Pretty much everyone who bought or rented laserdiscs was perfectly happy to switch to DVD instead.
You can't say the same about streaming. Even some of those who would like to shift away from discs and towards streaming can't do so because the availability of high-speed internet is limited.