Clear vision: With the growth of the elderly population, industry operators are expected to benefit

Several factors, including a swelling elderly in-state population, rising per capita disposable income and more individuals with private health insurance have all contributed to the industry's recent healthy growth and continued positive outlook. The number of elderly in-state residents who qualify for Medicare is projected to increase over the next five years, which will principally drive the industry forward. The structure of the industry is currently in flux, as the number of sole optometry practitioners gives way to consolidated optometry practices. The high uninsured rate has constrained demand for optometrists during the recent period and will continue to do so over the five years to 2022...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • The number of sole optometry practitioners gives way to larger optometry practices
  • Per capita disposable income is a key driver of demand for the optometry industry
  • Consolidation of sole practices into larger optometry practices will keep capital costs down
  • Industry Report - Industry Analysis Chapter

    Over the past five years, the Optometrists industry in Texas has increased at an annualized rate of 2.6% to reach $1.4 billion in revenue, including 0.2% growth in 2017 alone. Rising insurance utilization rates have triggered this growth, and such higher rates are due in large part to the growing elderly population in the state, the rising number of individuals with health insurance coverage, as well as increased per capita disposable income. Another major shift within the industry over the past five years has been the increased awareness of eye health. To better handle increasing numbers of patients, many practices have grouped together to form joint practices to reduce capital costs and increase profit margins. Ove...purchase to read more.

    Additional Insights for the Optometrists in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Optometrists in Texas Industry are

  • Use of specialist equipment or facilities
  • Proximity to key markets
  • Maintenance of excellent customer relations
  • IBISWorld analysts also discuss how external factors such as Federal funding for Medicare and Medicaid and Number of adults aged 65 and older in Texas in the Optometrists in Texas industry impact industry performance..

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    What's in this report

    What is the Optometrists in Texas Industry?

    This industry includes practitioners with 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, contact lenses and vision therapy. 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 trained to perform eye surgery).

    Industry Products
  • Eye exams
  • Prescription eyewear
  • Contact lenses
  • Industry Activities
  • Conduct eye examinations
  • Diagnose, manage and treat disorders of the eye and surrounding structures
  • Prescribe and sell eyeglasses and contact lenses
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Federal funding for Medicare and Medicaid
  • Number of adults aged 65 and older in Texas
  • Number of people with private health insurance in Texas
  • Per capita disposable income in Texas

  • Current Performance
  • More elderly individuals requiring optometrists
  • Increased optional purchases
  • Texas opts-out of Medicaid expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued population changes
  • Policy uncertainty
  • Table: Optometrists in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Optometrists in Texas Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health & Medical Insurance
  • Health & Welfare Funds
  • Consumers

  • Key Selling Industries
  • Brand Name Pharmaceutical Manufacturing
  • Generic Pharmaceutical Manufacturing
  • Glasses & Contact Lens Manufacturing
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Navigational Instrument Manufacturing

  • Products & Services
  • Eye exams
  • Contact lenses
  • Prescription eyewear
  • Chart: Optometrists in Texas Industry Products and Services Segmentation

  • Major Markets
  • Private Insurance
  • Out-of-pocket
  • Government insurance
  • Other
  • Chart: Major Market Segmentation for the Optometrists in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Optometrists in Texas

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Optometrists in Texas Industry

  • Eye Site Texas, Hill Country Vision Center, Texas Eye Institute, Texas State Optical Champions,
  • Table: Eye Site Texas - financial performance
  • Table: Hill Country Vision Center - financial performance
  • Table: Texas Eye Institute - financial performance
  • Table: Texas State Optical Champions - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Optometrists in Texas Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Optometrists in Texas Industry
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance in Texas (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A jointly funded cooperative venture between the federal and state governments to assist states in the provision of medical care to those that need financial assistance
  • Medicare
  • A government program medical insurance for persons aged 65 and over and for certain disabled persons under 65.
  • Ophthalmologist
  • A physician that specializes in the study and treatment of defects and diseases of the eye.
  • Refractive Error
  • An error in the focusing of light by the eye and a frequent reason for reduced visual acuity.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Optometrists in Texas can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Optometrists in Texas:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Optometrists in Texas market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Optometrists in Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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