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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 | Nov 2013

Perfect vision: the aging population and increased disposable income will drive demand for industry services

IBISWorld’s Optometrists market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 08-13
2.3%
Annual Growth 13-18
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Profit
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Employment
13,711
Businesses
2,578
Industry Analysis & Industry Trends

The number of adults aged 65 and older increased over the five years to 2013, far outpacing population growth. As the population aged, aged-related vision diseases became more prevalent in the population. In particular, more Canadians suffered from age-related macular degeneration, glaucoma, cataracts and other vision diseases. Although Canada has a robust, publicly funded healthcare system, vision care is primarily privately funded. As such, household income levels are an important demand driver for vision care services. As disposable incomes and the median age of the population increase, demand for industry services will continue to rise... purchase to read more

Industry Report - Industry Products Chapter

Sales of prescription glasses and contacts

The largest share of revenue is generated from sales of prescription glasses and contact lenses. Customers visit optometrist practices primarily because they have less than perfect eyesight and need vision correction. As such, most of these customers are in the market to buy prescription glasses, sunglasses or contact lenses.

Optometrists are essentially resellers of glasses and contact lenses that are manufactured by other companies. Optometrists are therefore susceptible to the high and rising costs of some of these products. Designer glasses, for example, regularly cost several hundred to a thousand dollars... 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
Sales of prescription glassesSale of contact lensesEye examsMedical eye care
 
Industry Activities
Conducting eye examinationsDiagnosing and treating vision impairment and eye disordersPrescribing, fitting and selling glasses and contact lenses


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