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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

The Optometrists market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Key Buyers Chapter

The Optometrists industry is highly fragmented, with no players accounting for a significant share of the industry. IBISWorld estimates that the top four companies in the industry account for less than 2.0% of total industry revenue. As a result, the industry exhibits a low level of market share concentration. The industry's fragmented nature can be attributed to the fact that the industry is dominated by small players; there are about 33,727 companies that operate in the United States today, of which an estimated 54.6% of total practices have fewer than 5 employees... 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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