Optometrists in Canada
Despite facing intensifying competition from online ophthalmological goods retailers, the Optometrist industry in Canada has exhibited growth over the five years to 2018. 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. However, decreased demand for retail products in optometry offices was balanced by increasing demand from elderly individuals with numerous age-related eye ailments. Over the five years to 2023, industry revenue is forecast to decline. The industry will likely continue to play a growing role in the early detection of diabetes and the decline of eyewear and contact lens sales will likely weigh on industry revenue.
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.