Despite facing intensifying competition from online ophthalmological goods retailers, the Optometrist industry exhibited steady growth over the past five years. Demand for industry services was driven by a burgeoning elderly population, as well as increased awareness of the importance of eye health. In addition to a changing competitive landscape, industry operators had to adapt to new a new regulatory environment. For example, in British Columbia, deregulation of prescription eyewear allowed individuals to purchase prescription glasses and contact lenses without first receiving a comprehensive eye exam from optometrists. Over the five years to 2022, the industry will likely play a growing role in the early detection of diabetes, which will be particularly integral to addressing diabetes-related eye ailments that are highly prevalent among elderly individuals.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.