A sight for sore eyes: Strong demand growth and new fashion trends drive industry revenue

Intensifying competitive forces have had a strong effect on 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...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Intensifying competitive pressures are changing the industry's operating landscape
  • Intensifying competitive pressures are dominating the industry's operating environment
  • An ageing population and rising incidences of digital eyestrain will stimulate industry demand
  • Industry Report - Industry Locations Chapter

    The industry’s geographic spread is skewed towards the Auckland region, reflecting the city’s dominant position in terms of population and share of the economy. The region accounts for approximately one-third of the country’s population and GDP, along with 35.3% of all industry establishment numbers. In comparison, Wellington accounts for the second largest share of establishments at 11.4%.Other key regions include Canterbury, Waikato and the Bay of Plenty. Together, these five regions account for just under three-quarters of industry establishments, suggesting a high degree of geographic concentration. They also account for nearly three-quarters of New Zealand’s population base...purchase to read more.

    Additional Insights for the Optometry and Optical Dispensing Industry

    IBISWorld has determined the most important Key Success Factors for the Optometry and Optical Dispensing are:

  • Effective product promotion
  • Proximity to key markets
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Demand from online shopping in the Optometry and Optical Dispensing industry impact industry performance..

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    What's in this report

    What is the Optometry and Optical Dispensing in New Zealand Industry?

    The industry includes registered optometrists, optical dispensers and orthoptists. Optometrists are primarily engaged in testing eyesight, diagnosing sight defects and prescribing or dispensing spectacles and contact lenses. The main activity of optical dispensers is dispensing spectacles or contact lenses. Orthoptists diagnose and treat ocular muscle disorders. Online-only retailers are not included in the industry.

    Industry Products
  • Optometry services
  • Optical dispensing services
  • Orthoptic services
  • Industry Activities
  • Dispensing contact lenses
  • Eye testing (optometrist)
  • Optical dispensing
  • Optician services
  • Orthoptic services
  • Dispensing spectacles
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Demand from online shopping
  • Median age of the population
  • Private health insurance membership

  • Current Performance
  • Demand drivers
  • Intensifying competitive pressures
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Favourable demographics
  • Market positioning
  • A greater role

    in eye health

  • Table: Optometry and Optical Dispensing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Optometry and Optical Dispensing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health Insurance in New Zealand
  • Consumers in New Zealand

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

  • Products & Services
  • Optical dispensing services
  • Optometry services
  • Orthoptic services
  • Chart: Optometry and Optical Dispensing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 64
  • 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 Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Optometry and Optical Dispensing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Optometry and Optical Dispensing Industry

  • Industry Globalization
    Specsavers New Zealand Limited, Luxottica Retail New Zealand Limited,
  • Table: Specsavers New Zealand Limited - financial performance
  • Table: Luxottica Retail New Zealand Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Optometry and Optical Dispensing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Optometry and Optical Dispensing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dispensing Optician
  • Dispensing opticians interpret prescriptions written by optometrists for glasses or contact lenses. They then sell customers suitable frames and lens systems. They may also fit and assemble glasses.
  • Macular Degeneration
  • A disease of the retina resulting in loss of central vision.
  • Optometrists
  • Optometrists examine clients' eyes to diagnose vision problems and eye diseases.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Optometry and Optical Dispensing in New Zealand market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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.

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