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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 | Apr 2015

2020 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
$3bn
Annual Growth 10-15
5.7%
Annual Growth 15-20
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Profit
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Employment
10,483
Businesses
2,417
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 Analysis Chapter

The Optometrists industry has grown over the past five years due to the rising prevalence of age-related vision ailments. For example, the burgeoning elderly population is particularly susceptible to numerous eye ailments, including cataracts, glaucoma, diabetic retinopathy, age-related macular degeneration (AMD), dry eye and low vision, and thus exhibits high demand for eye examinations from optometrists. In Canada, optometrists provide primary vision care, which typically ranges from sight testing and correction to the diagnosis, treatment and management of vision changes. During the five years to 2015, industry revenue is expected to grow at an annualized rate of 5.7% to $3.0 billion, including a 2.4% rise in 2015... 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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