IBISWorld’s Vision Insurance Procurement Research Report offers purchasing insight into the Vision Insurance market. Our analysis dissects pricing trends and the supply chain, including highlighting key suppliers and their financial benchmarks. The report also provides key pieces of take-away intelligence, such as negotiation question preparation and a buying decision scorecard, which includes factors weighted according to their importance in the decision-making process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Vision Insurance - Recent Price Trend

Premiums for vision insurance have been rising at an estimated average annual rate of 1.5% in the three years to 2017 with a low level of volatility. Low price volatility has been driven by a lack of fluctuations in price drivers. Thus, the risk of a demand or supply shock that would prompt large fluctuations in premiums has been minimal. Moreover, strong competition has prevented vision insurers...

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Vision Insurance - Total Cost of Ownership

The total cost of ownership for vision insurance is low. Although this type of insurance entails some additional fees, the buyer's employees largely absorb these extra costs rather than the buyer. As a result, buyers' added expenses account for less than 30.0% of the benchmark price per year.The most significant additional fees pertain to out-of-pocket expenses, namely copayments. In general,...

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About this Report

This report is intended to assist buyers of vision insurance. A vision insurance plan reduces buyers' costs for routine eye exams and other vision-related procedures. Additionally, vision insurers offer discounts on eyeglasses and contact lens purchases. This report does not cover group health insurance, group dental insurance or insurance claims processing services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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