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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

The Optometrists market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Products Chapter

Eye exams

In 2014, eye exams are expected to make up 38.6% of industry revenue. Over the past five years, this product segment has exhibited robust growth, and has expanded to include additional services, including the treatment of glaucoma, macular degeneration, cataracts and retinal disease. This product segment includes eye exams and preventive care to help patients manage their eye diseases, lens and contact lens therapy, low vision therapy and occupational vision care. The high prevalence of diabetes has incited many optometrists to provide more eye exams to evaluate diabetes-related eye ailments (e.g. diabetic retinopathy, cataracts and glaucoma)... 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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