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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 | Oct 2014

Focus point: Emphasis on preventive care will help stabilize revenue as competition rises

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
$3bn
Annual Growth 09-14
0.5%
Annual Growth 14-19
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Profit
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Employment
9,677
Businesses
2,969
Industry Analysis & Industry Trends

The Optometrists industry has exhibited slight 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 SWOT Analysis Chapter

The Optometrists industry is currently in the mature stage of its life cycle. During the 10 years to 2019, industry value-added, which measures an industry's contribution to the overall economy, is expected to grow at an annualized rate of 1.0%. Over the same period, GDP is anticipated to rise at an annualized rate of 2.3%. In general, the industry exhibits the characteristics of mature industries, such as stable product and service offerings, moderate technological change and steady long-term demand.

Optometrists experience stable technology change. Research and development has focused on improving the function and efficiency of medical technology... 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 examsEyewear salesContact lens sales
 
Industry Activities
Conducting eye examinationsDiagnosing and treating vision impairment and eye disordersPrescribing, fitting and selling glasses and contact lenses


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