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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 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
$15bn
Annual Growth 09-14
3.0%
Annual Growth 14-19
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Profit
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Employment
126,635
Businesses
33,509
Industry Analysis & Industry Trends

Even when budgets are tight, consumers still need to address their medical issues. Therefore, the economic recovery is proving to be a boost for the industry, as those that have delayed eye examinations begin to make appointments again. Aging baby boomers and a rise in the number of insured individuals will likely aid business significantly for industry operators, but competition from eye glasses and contact lens stores threatens profit growth... purchase to read more

Industry Report - Industry Investment Chapter

The Optometrists industry has a low level of capital intensity. For each dollar spent on labor, an estimated $0.08 is spent on capital. Labor costs are relatively high (31.2% of revenue) due to the personalized nature of services and the use of trained professionals to provide many services. The level of training required to become an optometrist is significant, and employed optometrists can command high salaries. Optometrists have been hiring more assistants to perform routine tasks so that they may devote their own time to more complex services. Many assistants learn their skills on the job.

There is limited use of fixed assets in this industry (depreciation expenses account for 2.6% of total revenue in 2014); however, investment in fixed assets is increasing and expensive... 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
Sale of prescription eyewearMedical eyecareEye examsContact 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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