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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
$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

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 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 such, this industry has a low concentration. This fragmented nature can be attributed to the fact that the industry is dominated by small players; there are about 33,509 companies that operate in the United States today, of which an estimated 39.0% are private practices without any hired employees. Among those enterprises that have employees, an estimated 85.0% of practices have fewer than 10 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
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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