Consistent premium price increases have led to moderate revenue growth for the Vision Insurance industry in recent years. However, vision benefit expenses have also increased, tempering industry profitability. Nonetheless, the aging population and high barriers of entry have proven to be an advantage for the industry, contributing to growth in the five years to 2014. In the next five years, industry revenue is forecast to continue to rise, as increasing health and vision expenditure, coupled with a growing employment rate, will drive industry performance.
This industry includes companies that provide coverage for routine eye exams and other procedures, as well as discounted pricing for eyeglasses and contact lens purchases. Vision insurance is often a rider policy linked to regular health insurance.
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.