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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 | Oct 2014

Looking good: Healthcare reform and an aging population will keep 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
$14bn
Annual Growth 09-14
1.6%
Annual Growth 14-19
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Profit
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Employment
130,603
Businesses
34,040
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 - 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
Eye examsEyewear salesContact lenses sales
 
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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