Industry Analysis & Industry Trends
The Optometrists industry has exhibited growth over the past five years, thanks to robust demand from the burgeoning elderly population, which has caused optometry services to expand. Looking forward, as healthcare reform requires individuals to have pediatric vision care coverage, this trend will support demand for eye examinations and corrective eyewear products from this demographic... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Optometrists industry has been around for centuries and is currently in the mature stage of is economic life cycle. Over the 10 years to 2020, industry value added, which measures the industry's contribution to the economy, is expected to increase at an annualized rate of 1.6%. This expansion indicates that the industry will grow slower than the overall US economy; GDP is projected to rise 2.5% annually on average over the same period.
Thanks to the burgeoning elderly population, which has a high prevalence of age-related eye ailments (such as macular degeneration), demand for eye exams and corrective eyewear products will increase over the ten-year period... purchase to read more