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