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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 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
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 - Starting a New Business Chapter

There are moderate barriers to entry into the Optometrists industry. The cost to establish a new practice can run between $75,000 and $150,000, which can represent a barrier for new players. There are significant costs for equipping and establishing protocols and systems for a new practice. The cost of starting a practice includes equipment, furniture, staffing, utilities and insurance. Fewer graduate optometrists are commencing their careers as owners of independent practices, due at least in part to higher education debt and a change in the gender profile of optometrists, with more females graduating. Females tend to practice fewer hours per week than their male colleagues and open fewer independent practices, according to the Journal of the American Optometric Association... 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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