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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 | Sep 2016

20/20 vision: Emphasis on preventive care will help expand revenue in the next five years

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
Annual Growth 11-16
Annual Growth 16-21
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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 Analysis Chapter

The Optometrists industry has slightly declined over the past five years due to eyewear deregulation cutting into the industry’s ancillary sales. For example, in 2010, British Columbia deregulated prescription eyewear, allowing consumers to purchase prescription and contact lenses without an eye exam or optometrist prescription. In Canada, optometrists provide primary vision care, which typically ranges from sight testing and correction to the diagnosis, treatment and management of vision changes.

Over the five years to 2016, industry revenue is expected to decline at an annualized rate of 0.4% to $2.4 billion due to intensifying competition from online retailers dampening demand for ancillary products (e.g. eye.. 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 examsMedical eye care proceduresContact lensesPrescription eyewear
Industry Activities
Conducting eye examinationsDiagnosing and treating vision impairment and eye disordersPrescribing, fitting and selling glasses and contact lenses

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