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Optometrists in Canada: Market Research Report

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

Optometrists in Canada Market Research Report | NAICS 62132CA | May 2016

20/20 vision: Emphasis on preventive care will help expand revenue in the next five years

IBISWorld’s Optometrists market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
-0.4%
Annual Growth 16-21
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Profit
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Employment
6,047
Businesses
2,763
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 - Starting a New Business Chapter

The Optometrists industry is characterized by moderate barriers to entry. According to the Canadian Association of Optometrists, start-up costs are typically substantial for new industry entrants. For example, new industry entrants will incur equipment costs (i.e. refractive equipment) in addition to costs related to purchasing eyewear inventory, including lenses, frames, contact lenses and lens solutions. Additionally, licensing may pose a barrier to entry. For example, there are only two optometry schools in Canada (University of Montreal and University of Waterloo), which may make it arduous for optometrists to form group practices and share fixed operational costs... 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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