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Optometrists in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Optometrists Market Research Report | NAICS 62132 | May 2016

Clear vision: Healthcare reform and an aging population will keep industry growth strong

IBISWorld’s Optometrists market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
3.4%
Annual Growth 16-21
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Profit
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Employment
141,513
Businesses
33,727
Industry Analysis & Industry Trends

The Optometrists industry has exhibited growth over the past five years, thanks to robust demand from the burgeoning elderly population. Over the past five years, the elderly population's strong demand for cohesive eye exams has caused optometry services to expand, therefore including the monitoring of diabetes-related ocular complications, ocular infections, dry eye, glaucoma and ocular allergy treatments. While intensifying competition from optical retailers, such as online retailers, has cut into the industry's ancillary product sales (i.e. prescription eyewear), medical care services have still provided a boon to the industry... purchase to read more

Industry Report - Industry Investment Chapter

The Optometrists industry exhibits a low level of capital intensity. In 2016, for every dollar spent on labor, the industry is expected to incur $0.04 in capital expenditures. Overall, labor costs are high due to the personalized nature of eyecare services, with wages expected to make up 32.7% of industry revenue. Further exacerbating this trend, according to Vision Monday, optometrists administer about 88.0 million refractive eye exams each year, thus stimulating demand for optometrists to provide eyecare. Nevertheless, optometrists can hire assistants to perform routine tasks (i.e... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Optometrists Industry?

This industry includes practitioners that have a Doctor of Optometry (OD) degree. ODs examine, diagnose, treat and manage diseases, injuries and disorders of the eye and associated structures. Operators may also prescribe and sell eyeglasses and contact lenses. These practitioners operate private or group practices in their own offices or in facilities like hospitals. The industry does not include ophthalmologists (i.e. medical doctors who are also trained to perform eye surgery).

Industry Products
Medical eyecareEye examsPrescription eyewearContact lenses
 
Industry Activities
Conduct eye examinationsDiagnose, manage and treat disorders of the eye and surrounding structuresPrescribe and sell eyeglasses and contact lenses


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