Optometry and Optical Dispensing in Australia - Market Research Report

Optometry and Optical Dispensing industry trends (2014-2019)

poll Average industry growth 2014–2019: 2.9%

The Optometry and Optical Dispensing industry has contended with an increasingly competitive operating environment over the past five years. New corporate players have continued to expand and online competition has increased, influencing the industry's performance. Ensuing price wars have pushed prices downwards, as both online and bricks-and-mortar optometry chains have competed for the growing number of consumers seeking competitively priced eyewear. These intensifying competitive pressures, alongside the ongoing freeze on the Medicare Benefits Schedule rebate for optometry services, have constrained industry growth over the past five years. Nonetheless, industry revenue is expected to grow at an annualised 2.9% over the five years through 2018-19,...
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Optometry and Optical Dispensing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Optometry and Optical Dispensing industry is projected to grow modestly over the next five years. The industry stands to benefit from Australia's ageing population, a greater awareness of the need for eye care and continued growth in the number of Australians with ancillary private health insurance cover. Technological advancements resulting in new products to treat vision damage are also anticipated to stimulate industry growth. However, as Australians gain more confidence in shopping online, external competitive pressures from a growing number of discount pure-play online eyewear retailers will likely further push down average unit prices, restricting revenue growth. Any increase in the availability and acceptance of vision correction alternati...
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Optometry and Optical Dispensing industry statistics

  • attach_money Market Size: $4bn
  • business Number of Businesses: 3,687
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 16,307

Biggest companies in the Optometry and Optical Dispensing industry

The companies holding the largest market share in the Optometry and Optical Dispensing in Australia industry include Specsavers Pty Ltd and Luxottica South Pacific Holdings Pty Ltd.

  • pie_chart Specsavers Pty Ltd Market Share: x.x%
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  • pie_chart Luxottica South Pacific Holdings Pty Ltd Market Share: x.x%
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What is Optometry and Optical Dispensing industry?

Industry Definition

The industry covers registered optometrists, optical dispensers and orthoptists. Optometrists primarily test eyesight, diagnose sight defects, and prescribe or dispense spectacles and contact lenses. Optical dispensers mainly dispense spectacles or contact lenses. Orthoptists diagnose and treat ocular muscle disorders.

Industry Products and Services

  • Optometry and orthoptic services
  • Frames and lenses
  • Other products
  • All Others

Industry Activities

  • Dispensing contact lenses
  • Eye testing
  • Optical dispensing
  • Optician services
  • Orthoptic services
  • Dispensing spectacles

Market research report - table of contents

Industry Definition

The industry covers registered optometrists, optical dispensers and orthoptists. Optometrists primarily test eyesight, diagnose sight defects, and prescribe or dispense spectacles and contact lenses. Optical dispensers mainly dispense spectacles or contact lenses. Orthoptists diagnose and treat ocular muscle disorders.

Main Activities

  • Dispensing contact lenses
  • Eye testing
  • Optical dispensing
  • Optician services
  • Orthoptic services
  • Dispensing spectacles

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Households with private health insurance that includes optical cover tend to spend more on optometry and optical dispensing services. As a result, the pro...
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Private health insurance membership
Median age of the population
Real household disposable income
Federal funding for Medicare

Current Performance

Medicare rebates and changes
Private health insurance
Budget optical retailers
 Chart: Revenue Growth

Industry Outlook

Market positioning
Provider agreements
Establishments and employment
 Table: Optometry and Optical Dispensing in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Optometry and Optical Dispensing in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Health Insurance in Australia






Key Selling Industries

Pharmaceutical Product Manufacturing in Australia
Photographic and Optical Goods Manufacturing in Australia
Pharmaceuticals Wholesaling in Australia
Retail Property Operators in Australia



Products & Services

Operators in the Optometry and Optical Dispensing industry provide optometry and optical dispensing services. Revenue in the optical dispensing segment re...
People aged 65 and over
People aged 25 to 44
People aged 24 and under



Demand Determinants

The rate of growth in Australia's population and its age profile strongly affect demand for industry services. As people age, they are more likely to deve...
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Major Markets

People aged 65 and over
People aged 25 to 44
People aged 24 and under




 Chart: Major Market Segmentation for the Optometry and Optical Dispensing in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

Optometry practices tend to fall into four main categories: franchises (such as Specsavers and the Optical Superstore), buying groups (Eyecare Plus and Op...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Optometry and Optical Dispensing in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Optometry and Optical Dispensing in Australia - Market Research Report Industry

Industry Globalization

Specsavers Pty Ltd is a wholly owned subsidiary of UK-based Specsavers International Healthcare Limited. Specsavers International is based in the United K...
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Specsavers

 Table: Specsavers - financial performance

Luxottica

 Table: Luxottica - financial performance

Capital Intensity

The industry combines high labour inputs with low capital inputs, resulting in a low capital intensity level. The industry allocates an estimated $8.97 to...
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 Chart: Level of Capital Intensity for the Optometry and Optical Dispensing in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Optometry and Optical Dispensing in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Optometry Services (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

CATARACT

GLAUCOMA

MACULAR DEGENERATION

MBS

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Optometry and Optical Dispensing industry?

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This report on Optometry and Optical Dispensing in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Optometry and Optical Dispensing in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Optometry and Optical Dispensing in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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