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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 - Starting a New Business Chapter

There are moderate barriers to entry into the Optometrists industry. The cost to establish a new optometry practice typically ranges from $75,000 and $150,000, which can may result in significant capital outlay for new industry entrants. In 2012 (latest data available), according to data from Vision Monday, 49.0% of optometry practices used an electronic health record (EHR) system, thereby adding to startup capital cost for new industry entrants. While only one in three optometry practices have websites that enable patients to access online appointment scheduling, more optometrists will likely implement this technology in the coming years, thereby posing as a barrier to potential industry entrants... 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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