Sight for sore eyes: Rising private health insurance coverage helps support industry revenue

IBISWorld’s Eye Surgery Clinics market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • Competition among private health insurers has benefited the industry over the past five years

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    Industry Analysis & Industry Trends

    The Eye Surgery Clinics industry has expanded steadily over the past five years. Eye surgeons, also known as ophthalmologists, are medical professionals who specialise in diagnosing and treating eye conditions. Industry revenue growth has been assisted by rising demand from Australia's ageing population and a competitive private health insurance sector. Industry revenue is forecast to grow by an annualised 3.1% over the five years through 2016-17, to total $1.3 billion. In the current year, industry revenue is expected to rise by 3.2% as the increasing discretionary income of older Australians supports greater demand for industry services. Changing lifestyle preferences have also boosted demand for corrective eye surgery over the past five years...

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    What is the Eye Surgery Clinics industry?

    The Eye Surgery Clinics industry has grown strongly over the past five years. Growth has been primarily driven by rising demand from Australia’s ageing population and changing consumer lifestyles. Industry revenue is expected to increase by an annualised 3.1% over the five years through 2016-17, to $1.3 billion. This includes anticipated growth of 3.2% in 2016-17 as the rising discretionary income of individuals aged 65 years and over supports the industry. Consumers have increasingly sought corrective eye surgery over the past five years, which is typically not subsidised by Medicare. Demand for these elective procedures has been driven by trends of convenience, such as no longer having to rely on glasses or contact lenses to see long or short distances. Cli...

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    Additional Insights for the Eye Surgery Clinics Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Eye Surgery Clinics Industry are

  • Provision of appropriate facilities
  • Having contacts within key markets
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Median age of the population and Private health insurance membership in the Eye Surgery Clinics industry impact industry performance..

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    Products & Brands

    Major products in this industry
    LASIK surgery
    ASLA, PRK and LASEK surgery
    Other procedures
    Cataract surgery

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Median age of the population
  • Private health insurance membership
  • Consumer sentiment index
  • Real household discretionary income
  • Total visits to a general practitioner

  • Current Performance
  • Ageing population
  • Consumer trends
  • Private health
  • Participation and profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising age and health cover
  • Consumer trends
  • Participation and profit
  • Medicare
  • Table: Eye Surgery Clinics Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Eye Surgery Clinics Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Health Insurance
  • Central Government Administration
  • General Practice Medical Services
  • Optometry and Optical Dispensing
  • Consumers

  • Key Selling Industries
  • Commercial Cleaning Services
  • Cosmetics and Toiletry Wholesaling
  • Medical and Surgical Equipment Manufacturing
  • Pharmaceuticals Wholesaling

  • Products & Services
  • LASIK surgery
  • Cataract surgery
  • Other procedures
  • ASLA, PRK and LASEK surgery
  • Chart: Eye Surgery Clinics Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 25 to 44
  • People aged 65 and over
  • People aged 45 to 64
  • People aged 24 and under
  • Chart: Major Market Segmentation for the Eye Surgery Clinics Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Eye Surgery Clinics

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Eye Surgery Clinics Industry

  • Industry Globalization
    Major Companies
    Vision Eye Institute Limited
  • Table: Vision Eye Institute Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Eye Surgery Clinics Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Eye Surgery Clinics Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Advanced Surface Laser Ablation (Asla)
  • Refractive surgery that uses a solution to remove the cell layer on the surface of the cornea, then remodels the cornea by applying lasers to the surface of the cornea.
  • Cornea
  • The transparent front layer of the eye that covers the iris, pupil and anterior chamber.
  • Laser-Assisted In Situ Keratomileusis (Lasik)
  • Refractive surgery that removes a flap of the outer layer of the cornea and remodels the cornea by applying lasers to the stroma.
  • Lens
  • Transparent, biconvex structure beneath the cornea that helps refract light to be focused on the retina.
  • Retina
  • Layer of tissue lining the inner surface of the eye that transmits vision through the optic nerve to the brain.
  • Why buy this report?

    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 Eye Surgery Clinics:
    • 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 Eye Surgery Clinics 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 Eye Surgery Clinics, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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