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Optometrists Industry Analysis

Identify industry changes, evaluate the market size, market outlook, trends, key players, and growth opportunities.

Contents Standard Report Premium Report
Industry Overview & Outlook . .
- Market Size
(industry trends)
. .
- Market Forecast   .
- Products/Services Breakdown   .
- Revenue per State . .
$ Financial Metrics . .
$ Salary & Compensation Benchmarks . .
@ Key Companies   .
- Industry News & Innovators   .
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2018 Market Analysis & Industry Outlook: Optometrists

Overview: the U.S. Optometrists Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Optometrists: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Optometrists industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis

Patient Care - Infectious And Parasitic Diseases (Icd-9 Codes 001-139)

Patient Care - Endocrine, Nutritional And Metabolic Diseases, And Immunity Disorders (Icd-9 Codes 240-279)

Patient Care - Diseases Of The Nervous System And Sense Organs (Icd-9 Codes 320-389)

Patient Care - Diseases Of The Respiratory System (Icd-9 Codes 460-519)

Patient Care - Symptoms, Signs, And Ill-Defined Conditions (Icd-9 Codes 780-799)

Patient Care - Supplementary Classification Of Factors Influencing Health Status And Contact With Health Services (Icd-9 Codes V

Patient Care - All Other Patient Care

Resale Of Merchandise

Resale Of - Optical Goods

All Other Receipts

All Other Operating Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Optometrists company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Optometrists industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Optometrists measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 1%

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General and Operations Managers1%
Healthcare Practitioners and Technical Occupations 48%
Health Diagnosing and Treating Practitioners 17%
Optometrists 16%
Optometrists 16%
Health Technologists and Technicians 30%
Health Practitioner Support Technologists and Technicians 6%
Ophthalmic Medical Technicians 6%
Opticians, Dispensing 23%
Opticians, Dispensing 23%
Healthcare Support Occupations 13%
Other Healthcare Support Occupations 13%
Miscellaneous Healthcare Support Occupations 13%
Medical Assistants 12%
Office and Administrative Support Occupations 34%
Information and Record Clerks 11%
Receptionists and Information Clerks 11%
Receptionists and Information Clerks 11%
Secretaries and Administrative Assistants 10%
Secretaries and Administrative Assistants 10%
Medical Secretaries 7%
Other Office and Administrative Support Workers 5%
Source: Bureau of Labor Statistics

Optometrists Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Pluralsight trademarks "PLURALSIGHT IQ" - Computer software for testing, analyzing, evaluating and assessing an individual's knowledge, skills, abilities and proficiency in the fields of software development, website design, CAD engineering, structural architecture and construction, 3D design, 3D printing, video game development, video effects for movies, television, video games, and other multi-media products, business software, business project management, entrepreneurial skills, business leadership and management skills, marketing and advertising artwork and content creation, animation, illustration, and delivery, database servers, data in computational forms, structured query language (SQL) systems, software languages, data analysis products, data analytical methods, information technology operations and management - 02/22/2018
  • Lunette Boston PC trademarks "" - Eyeglass cases; Eyeglass frames; Eyeglasses; Reading glasses; Sunglasses; Eyewear pouches - 02/16/2018
  • Vance Thompson Vision Clinic Prof. trademarks "VANCE THOMPSON VISION" - ophthalmology services; laser vision correction services; laser vision surgery services - 02/06/2018
  • Idoc raises $2 million in funding. - 11/18/2016
  • Pluralsight raises $5 million in funding. - 10/14/2016
  • Profit Optix patents Laser Frame Tracer - 08/11/2016
  • Sightpath Medical patents Medical Equipment Cart Having A Rotary Attachment - 12/03/2015
  • Profit Optix raises $3 million in funding. - 12/09/2014

  • Top Innovators

    CompanyInnovation Score
    Profit Optix14
    Sightpath Medical6
    SVS Vision
    Younger MFG.

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • What if CHIP Funds Run Out? Here’s What 6 Families Would Do - I use CHIP for things like routine visits and immunization. My two stepsons have other issues: they see allergists, optometrists, and perhaps most important, my youngest stepson has had febrile seizures since he was a child. Doctors say it’s harmless ... (01/10/2018)
    • LCQ15: Manpower and duties of optometrists and orthoptist - Regarding the manpower and duties of optometrists and orthoptists, will the Government inform this Council: (1) of the respective numbers of optometrists and orthoptists employed in each of the past three years by the Hospital Authority (HA) and the ... (01/10/2018)
    • 7 facts about the STEM workforce - Just 5% of optometrists, veterinarians and chiropractors are black or Hispanic. Asians are overrepresented across all STEM occupational groups, particularly among computer workers and life scientists. They account for 19% of workers in both of these fields ... (01/09/2018)
    • Primary Eyecare Associates Welcomes Their Newest Optometrist Dr. Lori Butler - To schedule an appointment with Dr. Butler or one of the other optometrists at Primary Eyecare Associates in Burke VA, call 703-272-7880 today. (01/09/2018)
    • Sonoma Pharmaceuticals Receives Three New United Arab Emirates Regulatory Approvals: Acuicyn® for - In a survey of U.S. ophthalmologists and optometrists, 37% to 47% of patients seen by those surveyed had signs of blepharitis, which can affect all ages and ethnic groups. One single-center study of 90 patients with chronic blepharitis found that the ... (01/09/2018)
    • Outgoing Governor Approves Array of Healthcare Programs - a bipartisan plan that prohibits state-regulated health insurance plans from stopping optometrists from becoming part of a full vision-care plan as a provision in order to be included on a list of the carrier’s providers, among other regulatory changes ... (01/09/2018)
    • I-MED Pharma partners with OCuSOFT to bring the I-PEN® Osmolarity System to the U.S.A. - I-MED Pharma Inc. is a privately held Canadian company, headquartered in Montreal, Quebec, servicing Canadian ophthalmologists, optometrists and the global eye care community. Established almost thirty years ago, I-MED Pharma creates and distributes ... (01/08/2018)
    • Lubbock optometrists give homeless free exams, glasses - Some members of Lubbock's homeless community are entering a new year with clear vision thanks to a group of optometrists and volunteers who took time to host a free eye exam clinic and offer free glasses at Paul's Project-Grace Campus. The homeless shelter ... (12/30/2017)
    • It's optometrists vs. opthalmologists in Massachusetts eye care debate - A debate is raging between Massachusetts optometrists and ophthalmologists over a bill that would let optometrists offer more care to patients. The current system, says Matthew Forgues, president of the Massachusetts Society of Optometrists, "reduces ... (10/28/2017)

    Government Contracts

    In 2016, the federal government spent a total of $8,287,375 on Optometrists. It has awarded 319 contracts to 57 companies, with an average value of $145,393 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Growth Opportunities / Competitive Threats

    Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Optometrists to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

    The following industries are competing channels for sales of similar products/services.

    Patient Care
    Competing IndustrySales Relative to OptometristsOpportunity/Threat
    Medical Laboratories
    Physical, Occupational & Speech Therapists & Audiologists
    Diagnostic Imaging Centers
    Offices of Mental Health Practitioners Competing industry

    Sales from other industries of Patient Care are less than those from Optometrists. This may mean that other channels are a competitive risk of increasing their Patient Care sales, taking market share from this industry.
    Patient Care Product Sales Report

    Rental Or Lease Of Goods And/Or Equipment
    Competing IndustrySales Relative to OptometristsOpportunity/Threat
    Diagnostic Imaging Centers
    Golf Courses & Country Clubs
    Bowling Alleys
    Physical, Occupational & Speech Therapists & Audiologists

    Since sales from Optometrists are a small fraction compared to other industries selling Rental Or Lease Of Goods And/Or Equipment, companies in the Optometrists industry have the opportunity to expand their product offering to take share from these adjacent industries.
    Rental Or Lease Of Goods And/Or Equipment Product Sales Report

    Rental Or Lease - Medical Equipment
    Rental Or Lease - Medical Equipment Product Sales Report

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    ODs' (doctors of optometry) offices (e.g., centers, clinics), Optometrists' offices (e.g., Doctors of optometry (ODs) offices (e.g., etc.

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