Optometrists in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Optometrists in Canada Market Research Report | NAICS 62132CA | Apr 2015

2020 vision: Emphasis on preventive care will help expand revenue in the next five years

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
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

The Optometrists industry has exhibited growth due to robust demand from elderly individuals with age-related eye ailments. However, while public health insurance covers medical costs related to eye injuries and diseases, the industry largely derives revenue from private health insurers' reimbursements under supplemental vision insurance plans, which has been an obstacle to growth. The industry has also contended with a less protected medical role in recent years, as some provinces and territories have moved to deregulate the distribution of prescription eyewear... purchase to read more

Industry Report - Industry Investment Chapter

The Optometrists industry exhibits a low level of capital intensity. In 2015, every dollar spent on labour, the industry incurs an estimated $0.11 in capital expenditures. Equipment at optometrist offices is limited to standard office appliances like computers, printers and telephones, and diagnostic medical equipment (i.e. refractive equipment) used for providing eye examinations. Additionally, the industry incurs substantial purchase costs related to having an inventory of eyewear products, including eyeglasses, contact lenses and contact solutions, which also may require maintenance-related costs.

A 2012 (latest data available) survey by industry publication Review of Optometry asked optometrists how much they expected to spend on replacing instruments and equipment that year... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Optometrists Industry?

This industry is primarily engaged in the private or group practice of optometry. Optometrists provide eye examinations to determine visual acuity or the presence of vision problems and to prescribe eyeglasses, contact lenses and eye exercises. They can also perform services provided by an optician, such as selling and fitting prescription eyeglasses and contact lenses.

Industry Products
Eye examsMedical eye care proceduresContact lensesPrescription eyewear
Industry Activities
Conducting eye examinationsDiagnosing and treating vision impairment and eye disordersPrescribing, fitting and selling glasses and contact lenses

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