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2025 U.S. Industry Statistics & Market Forecast - Offices of Optometrists
Market Size & Industry Statistics
The total U.S. industry market size for Offices of 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.
| Statistics | 2020 2021 2022 2023 2024 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Offices of Optometrists industry include:- Increasing use of digital technology and telehealth services
- Shift towards retail settings for optometry, like in-store clinics at major retailers
- Growing demand for specialized eye care services due to aging population
- Expansion in corrective and cosmetic contact lenses product offerings
- Adoption of advanced diagnostic equipment
- Rising health awareness and preventive care focus
- Impact of changing healthcare regulations and insurance coverage
- Integration of electronic health records (EHRs)
- Enhanced emphasis on customer service and experience
- Competition from online eyewear and contact lens retailers
- Increasing costs of medical devices and optometric equipment due to technological advancements
- Growth in the number of optometry school graduates entering the market
- Shifts in consumer preference towards designer frames and premium eyewear products
- Heightened awareness and treatment of ocular conditions due to screen use
- Strategic partnerships and consolidations within the healthcare sector
Product & Services Breakdown
Research products and services in the Offices of Optometrists industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis |
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Patient Care - Infectious And Parasitic Diseases (Icd-9 Codes 001-139) |
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Patient Care - Endocrine, Nutritional And Metabolic Diseases, And Immunity Disorders (Icd-9 Codes 240-279) |
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Patient Care - Diseases Of The Nervous System And Sense Organs (Icd-9 Codes 320-389) |
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Patient Care - Diseases Of The Respiratory System (Icd-9 Codes 460-519) |
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Patient Care - Symptoms, Signs, And Ill-Defined Conditions (Icd-9 Codes 780-799) |
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Patient Care - Supplementary Classification Of Factors Influencing Health Status And Contact With Health Services (Icd-9 Codes V |
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Patient Care - All Other Patient Care |
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Resale Of Merchandise |
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Resale Of - Optical Goods |
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All Other Receipts |
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All Other Operating Receipts |
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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.
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 Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| 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 Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Offices of Optometrists company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 Offices of Optometrists industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Offices of Optometrists measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 2% | Order at top of page |
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| General and Operations Managers | 1% | |||
| Healthcare Practitioners and Technical Occupations | 53% | |||
| Healthcare Diagnosing or Treating Practitioners | 18% | |||
| Optometrists | 16% | |||
| Optometrists | 16% | |||
| Health Technologists and Technicians | 35% | |||
| Health Practitioner Support Technologists and Technicians | 12% | |||
| Ophthalmic Medical Technicians | 12% | |||
| Opticians, Dispensing | 21% | |||
| Opticians, Dispensing | 21% | |||
| Healthcare Support Occupations | 8% | |||
| Other Healthcare Support Occupations | 8% | |||
| Miscellaneous Healthcare Support Occupations | 8% | |||
| Medical Assistants | 8% | |||
| Office and Administrative Support Occupations | 32% | |||
| Information and Record Clerks | 13% | |||
| Receptionists and Information Clerks | 11% | |||
| Receptionists and Information Clerks | 11% | |||
| Secretaries and Administrative Assistants | 7% | |||
| Secretaries and Administrative Assistants | 7% | |||
| Medical Secretaries and Administrative Assistants | 6% | |||
Offices of Optometrists Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Offices of Optometrists industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Offices of Optometrists industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Offices of Optometrists industry. |
Source:
Latest Industry News
- Strawn & Co. Optometry ready to quickly accept patients from all over Okanagan - If you are struggling to find timely eye care in the South Okanagan, there is good news just a short drive away. (07/08/2025)
- DNA tests begin on victims of Esparto fireworks explosion. Many questions remain - Beyond that, local officials cited the ongoing criminal investigation led by the Office of the State Fire Marshal. Investigators from the federal Bureau of Alcohol, Tobacco, Firearms and Explosives, as well as Cal-OSHA and others, are also investigating what unfolded in the late afternoon July 1. (07/07/2025)
- Optometry chain cuts jobs in South Florida after loss of contract - A major Florida optometry chain is facing significant workforce reductions after a crucial business agreement fell through. (07/02/2025)
- Clear Vision Express wins Best Optometrist in 2025 LMT Readers' Choice Awards - Clear Vision Express earns LMT Readers' Choice Award for Best Optometrist in 2025, recognized for advanced eye care and exceptional service. (06/30/2025)
- Optometrist returns home to Putnam County - Dr. Jesselyn Michaud, of Glandorf Vision Group in Glandorf, has announced that Putnam County native Dr. Abigail Hilvers joined her optometry office. (06/29/2025)
- Morton Grove optometrist points to patch-wearing ‘Elio’ in the Disney/Pixar movie to focus on kids’ eye health - The new Disney/Pixar film “Elio”— where the youthful title character dons a bright blue eyepatch — has presented a ripe opportunity for a Morton Groove optometry professor and blindness prevention (06/27/2025)
- Western University of Health Sciences College of Optometry: Providing Students the Tools to Succeed - Students find success at WesternU due to the college's ability to attract and support a highly respected faculty committed to advancing optometric education and patient care. (06/26/2025)
- Doctors Warn of AI Invading the Medical Industry - Artificial intelligence has invaded just about every sector, but doctors warn about the shortcomings of AI in medicine. (06/26/2025)
- UP Manila to offer optometry program - An optometry program will soon be offered at the University of the Philippines Manila (UPM) to address the critical shortage of optometrists in the country and to improve the (06/13/2025)
- Optometrist opens a new office on Main Street - BENNINGTON – An optometrist with a practice in Springfield has opened a new office in Bennington. “I’ve been an eye doctor in Springfield since 2020 and have a practice there,” said Dr. Mercedes Smith. “When [the former Moulton’s Spectacle Shoppe at 463 Main Street] went up for sale, we thought we would take the plunge and expand.” (05/22/2025)
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