Optometry and Optical Dispensing in New Zealand - Market Research Report

Optometry and Optical Dispensing industry trends (2014-2019)

poll Average industry growth 2014–2019: 6.3%

Intensifying competitive forces have strongly influenced the Optometry and Optical Dispensing industry's performance over the past five years. In particular, increasing online competition and the entry of new international players have changed the industry's operating backdrop. Several industry operators have adopted new business models in response to these escalating competitive forces. Some operators have increasingly focused on luxury boutique-style practices with an emphasis on shopfronts, lighting and displays, which are designed to attract customers instore with exclusive designer and bespoke eyewear. Other operators have focused on clinical services in an attempt to differentiate themselves from the growing number of online and offline optomet...
lock
Purchase this report or a membership to unlock our full summary for this industry.

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 display modest revenue growth over the next five years. The industry is anticipated to benefit from product innovations stemming from technological advancements and a greater awareness of the need for eye care. Similarly, a greater public understanding of the need to protect eyes from potential UV damage will likely contribute to growing demand for both prescription and non-prescription sunglasses. New Zealand's ageing population is also forecast to stimulate demand for eye health services, as many eye conditions can worsen with age. Additionally, growing incidences of digital eyestrain among younger people will likely support industry revenue. External competitive pressures from a growin...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Optometry and Optical Dispensing industry statistics

  • attach_money Market Size: $726m
  • business Number of Businesses: 478
  • poll Average Industry Profit Margin: x.x%
    lock
    Purchase this report or a membership to unlock the average company profit margin for this industry.
  • supervisor_account Industry Employment: 2,443

Biggest companies in the Optometry and Optical Dispensing industry

The companies holding the largest market share in the Optometry and Optical Dispensing in New Zealand industry include Specsavers New Zealand Limited and Luxottica Retail New Zealand Limited.

  • pie_chart Specsavers New Zealand Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.
  • pie_chart Luxottica Retail New Zealand Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.

What is Optometry and Optical Dispensing industry?

Industry Definition

The industry includes registered optometrists, optical dispensers and orthoptists. Optometrists test eyesight, diagnose sight defects and prescribe or dispense spectacles and contact lenses. Optical dispensers dispense spectacles or contact lenses. Orthoptists diagnose and treat ocular muscle disorders. Online-only retailers are not included in the industry.

Industry Products and Services

  • Optometry services
  • Optical dispensing services
  • Orthoptic services
  • All Others

Industry Activities

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

Market research report - table of contents

Industry Definition

The industry includes registered optometrists, optical dispensers and orthoptists. Optometrists test eyesight, diagnose sight defects and prescribe or dispense spectacles and contact lenses. Optical dispensers dispense spectacles or contact lenses. Orthoptists diagnose and treat ocular muscle disorders. Online-only retailers are not included in the industry.

Main Activities

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

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Household disposable income influences demand for optometry and optical dispensing services. A reduction in real household disposable income during period...
lock
Purchase this report or a membership to unlock the full breakdown of the key external drivers in this industry.
Real household disposable income
Demand from online shopping
Population aged 50 and older
Private health insurance membership

Current Performance

Intensifying competitive pressures
Profit and participation
 Chart: Revenue Growth

Industry Outlook

Market positioning
A greater role in

eye health
 Table: Optometry and Optical Dispensing in New Zealand - Market Research Report Industry Revenue Outlook

Industry Life Cycle

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

Supply Chain

Key Buying Industries

Health Insurance in New Zealand
Consumers in New Zealand





Key Selling Industries

Professional and Scientific Goods Wholesaling in New Zealand
Real Estate Services in New Zealand
Pharmaceutical and Toiletry Goods Wholesaling in New Zealand
Pharmaceutical, Cosmetic and Toiletry Goods Retailing in New Zealand



Products & Services

Operators in the Optometry and Optical Dispensing industry provide optometry services, and retail eyewear and related goods. The optical dispensing segmen...
People aged 65 and over
People aged 25 to 34
People aged 24 and under



Demand Determinants

The demographic profile of New Zealand's population plays a key role in influencing demand for industry services. Relevant variables include population gr...
lock
Purchase this report or a membership to unlock the full analysis of the demand determinants in this industry.

Major Markets

People aged 65 and over
People aged 25 to 34
People aged 24 and under




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

International Trade

Business Locations

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

Market Share Concentration

The Optometry and Optical Dispensing industry comprises integrated optical retail chains along with several non-integrated optical chains, independent ret...
lock
Purchase this report or a membership to unlock the full analysis of the market share concentration in this industry.

Key Success Factors

Cost Structure Benchmarks

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

Industry Globalization

Specsavers New Zealand Limited is a wholly owned subsidiary of UK-based Specsavers International Healthcare Limited. Owned by the Perkins family, Specsave...
lock
Purchase this report or a membership to unlock the full analysis of the major players in this industry.

Specsavers New Zealand

 Table: Specsavers New Zealand - financial performance

Luxocitta New Zealand

 Table: Luxocitta New Zealand - financial performance

Capital Intensity

The Optometry and Optical Dispensing industry displays moderate capital intensity. For every dollar spent on capital equipment in 2018-19, the industry is...
lock
Purchase this report or a membership to unlock the full analysis of the capital intensity of this industry.
 Chart: Level of Capital Intensity for the Optometry and Optical Dispensing in New Zealand - 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 New Zealand 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)
Domestic Demand (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, %

DISPENSING OPTICIAN

MACULAR DEGENERATION

OPTOMETRISTS

Purchase to Read Full Report

100% Money Back Guarantee Digicert Trusted

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?

IBISWorld industry market research reports enable you to:

  • Find out about key industry trends
  • Identify threats and opportunities
  • Inform your decisions for marketing, strategy and planning
  • Quickly build competitive intelligence

This report on Optometry and Optical Dispensing in New Zealand:

  • 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 New Zealand 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 New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal
clear