Optometrists in the US - Industry Market Research Report

Optometrists in the US - Industry Market Research Report

  • August 2021 •
  • 43 pages •
  • Report ID: 198587 •
  • Format: PDF
Seeing clearly: increasing consolidation will boost industry revenue growth

Abstract

Optometrists in the US
The Optometrists industry exhibited steady growth over the five years to 2019 due to increasing demand from an aging population and increasing awareness of eye health. The prevalence of ocular infections, dry eye, glaucoma and ocular allergy treatments increased during the current period, including the monitoring of diabetes-related ocular complications. On the retail front, intensifying competition from optical retailers, most notably online distributors, cut into the industry’s ancillary product sales. However, medical care services continue to provide a reliable source of revenue to the industry. Over the five years to 2024, federal funding for Medicare and Medicaid is projected to expand. Expanded coverage means that elderly individuals will likely have greater access to care to receive comprehensive eye exams. With this segment of the population growing faster than other age groups, industry operators are expected to benefit.

The Optometrists 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, such as hospitals. The industry does not include ophthalmologists.

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.
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