Over the past five years in the Optometrists industry, the elderly population's strong demand for routine eye exams caused optometry services to expand. Industry revenue also increased, partly due to the Affordable Care Act (ACA), which increased the number of individuals with health insurance, and expanded medical insurance coverage to include pediatric eye care. Expanded coverage means that elderly individuals will have greater access to care to receive cohesive eye exams. With this segment of the population growing faster than other age groups, industry operators are expected to benefit over the five years to 2022.
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.