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