The Australian Optometry and Optical Dispensing industry is currently contending with changes to its operating environment. These include regulatory changes and an increasingly competitive operating environment. In view of these variables, the performance of the industry has been stagnant over the five years through 2015-16. Over this period, a fall in the average price of spectacles combined with a decline in the average Medicare rebate per service has essentially offset growth in the number of basic optometry services provided.
The Optometry and Optical Dispensing industry includes establishments with registered optometrists, optical dispensers or 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.