The Optometrists industry has exhibited growth over the past five years, thanks to robust demand from the burgeoning elderly population. Over the past five years, the elderly population's strong demand for cohesive eye exams has caused optometry services to expand, therefore including the monitoring of diabetes-related ocular complications, ocular infections, dry eye, glaucoma and ocular allergy treatments. While intensifying competition from optical retailers, such as online retailers, has cut into the industry's ancillary product sales (i.e. prescription eyewear), medical care services have still provided a boon to the industry. In the next five years, healthcare reform requiring individuals to have pediatric vision care coverage will sustain demand for eye examinations and corrective eyewear products from this demographic.
This industry includes practitioners with a Doctor of Optometry (OD) degree. ODs examine, diagnose, treat and manage diseases, injuries and disorders of the eye and associated structures. Operators may also prescribe and sell eyeglasses, contact lenses and vision therapy. These practitioners operate private or group practices in their own offices or in facilities like hospitals. The industry does not include ophthalmologists (i.e. medical doctors who are trained to perform eye surgery).
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.