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Vision Insurance in the US - Industry Market Research Report

Publisher IBISWorld
Published Sep 27, 2024
Length 74 Pages
SKU # IBSS19343339

Description

Vision Insurance in the US - Industry Market Research Report


Vision Insurance in the US

Although premium prices continue to grow, macroeconomic volatility resulted in a slight contraction of revenue through the end of 2023. Profitability was bolstered from cost efficiencies associated with high levels of enrollment for individual providers. However, slight fluctuations in the percent of the population enrolled in vision plans, coupled with a spike in unemployment during COVID-19 in 2020, caused revenue to shrink at a CAGR of 1.1% to an estimated $55.3 billion through the end of 2023, including an estimated 0.2% slip in 2023. Vision insurance providers provide coverage for routine eye exams and discounted pricing for eyeglasses, contact lenses and refractive surgery. While vision insurance is distinct from health insurance, many companies provide comprehensive policies that include both health and vision plans, causing a high correlation between health and vision insurance trends.

Vision insurance providers include companies that provide coverage for routine eye exams and other procedures, as well as discounted pricing for eyeglasses and contact lens purchases. Vision insurance is often a rider policy linked to broader health insurance.

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."

Table of Contents

74 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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