First Research US Industry Profile

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Optometrists
SIC Codes: 8042
NAICS Codes: 621320
Last Quarterly Update: 5/6/2019
Companies in this industry perform routine eye exams, write prescriptions for corrective lenses, and diagnose and treat eye conditions. No major companies dominate the industry.
About 200,000 optometrists practice worldwide, according to the World Council of Optometry. As middle class populations expand in developing economies such as China and India, demand for optometrists' services is expected to increase significantly.
The US optometrists industry includes about 22,000 offices with combined annual revenue of about $15 billion. Companies that sell corrective lenses but do not provide eye exams or write prescriptions are covered in the Opticians industry profile.
Competitive Landscape
Demand is driven by demographics. The aging of the US population increases demand for eye exams and glasses. Eye diseases such as cataracts and glaucoma, which are often diagnosed by an optometrist but treated by an ophthalmologist, also increase with age. The profitability of optometrist practices depends on efficient operations and whether glasses and contact lenses are sold. Eyeglass purchases are mildly cyclical with the economy, as many consumers view extra glasses as an expense that can be deferred. The US industry is highly fragmented: the 50 largest US companies account for less than 10% of revenue.
Products, Operations & Technology
Optometrists perform routine eye examinations, diagnose conditions including nearsightedness and farsightedness, and write prescriptions for glasses, contact ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms
Related Industry Profiles:

Historical Profiles (PDF format)

02/04/2019
10/29/2018
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07/24/2017
04/24/2017
01/23/2017
10/17/2016
07/18/2016
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01/11/2016
10/05/2015
06/29/2015
03/30/2015
01/05/2015
10/06/2014
07/14/2014
04/21/2014
01/27/2014
10/21/2013
07/29/2013
05/06/2013
02/11/2013
11/05/2012
08/13/2012
05/28/2012
03/05/2012
11/14/2011
08/15/2011
05/09/2011