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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Key Buyers Chapter

The Optometrists industry is characterized by a low level of market share concentration. Overall, the industry is highly fragmented, comprised of an estimated 3,122 establishments in 2014, with many optometrists locating their practice to cater to local consumers in a particular province or territory. Further exacerbating the industry's fragmentation, varying vision coverage across provinces and territories has prevented large optometry practices from dominating the industry's landscape.

For example, Quebec provides 100.0% coverage for optometrist examinations, whereas other provinces (i.e. British Columbia, Ontario and Nova Scotia) only cover one optometrist visit every two years... 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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