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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 | Jan 2014

Looking good: Healthcare reform and an aging population will keep growth strong

IBISWorld’s Optometrists market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 09-14
1.0%
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 who 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 SWOT Analysis Chapter

Though the Optometrists industry has been around for centuries, it is still growing. Over the 10 years to 2019, industry value added, which measures the industry's contribution to the economy, is expected to increase at an annualized rate of 0.8%. This expansion indicates that the industry will grow slower than the overall US economy; GDP is projected to rise 2.7% annually on average over the same period.

The US population is undergoing a shift in line with an expanding number of people aged 65 and older, creating a larger group of people prone to vision disorders. In the 10 years to 2019, the number of people aged 65 and older is expected to rise at an annualized rate of 2.9%... 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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