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