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 Investment Chapter
The Optometrists industry exhibits a low level of capital intensity. In 2015, every dollar spent on labour, the industry incurs an estimated $0.11 in capital expenditures. Equipment at optometrist offices is limited to standard office appliances like computers, printers and telephones, and diagnostic medical equipment (i.e. refractive equipment) used for providing eye examinations. Additionally, the industry incurs substantial purchase costs related to having an inventory of eyewear products, including eyeglasses, contact lenses and contact solutions, which also may require maintenance-related costs.
A 2012 (latest data available) survey by industry publication Review of Optometry asked optometrists how much they expected to spend on replacing instruments and equipment that year... purchase to read more