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Optometrists in Canada Industry Data and Analysis
The growing number of adults aged 65 and over, increased awareness of eye health and rising incomes have been expanding the reach of optometry in Canada. Optometrists are essential for addressing the medical needs of this aging population, who are more prone to age-related eye diseases. While population increases and greater awareness of eye care have supported clinic volumes, many providers encounter operational bottlenecks because of workforce shortages and rising operational demands. Pervasive backlogs and month-long wait times for appointments have become increasingly common, placing a strain on resources and limiting patient access. The intensified competition for talent has led to higher wage expenditures, narrowing the gap between revenue and profit. Simultaneously, a dynamic retail landscape—ranging from new in-person entrants, such as major international chains, to digital platforms offering eyewear—has diversified the ways Canadians access vision care, requiring clinics to differentiate themselves through technology, service and patient engagement. Overall, revenue has dropped at a CAGR of 0.3% to an estimated $1.9 billion over the past five years, with expected growth of 1.5% in 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Optometrists industry in Canada includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released December 2025.
About this industry
What's this industry report about?
The Optometrists industry in Canada operates under the NAICS industry code 62132CA. Optometrists are healthcare professionals who specialize in examining, diagnosing, treating and managing conditions and diseases related to the eyes and visual system. Related terms covered in the Optometrists industry in Canada include ophthalmologist, fundus and electronic medical records (emr).
What's included in this industry?
Products and services covered in Optometrists industry in Canada include Eye exams, Medical eye care procedures and Contact lenses.
What companies are included in this industry?
The Optometrists industry in Canada is highly fragmented with no companies holding a market share greater than 5%.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Optometrists industry in Canada.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Optometrists industry in Canada.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Optometrists industry in Canada.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Optometrists industry in Canada. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Optometrists industry in Canada. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Optometrists industry in Canada. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Optometrists industry in Canada. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Optometrists industry in Canada.
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Frequently Asked Questions
What is the market size of the Optometrists industry in Canada in 2026?
The market size of the Optometrists industry in Canada is $1.9bn in 2026.
How many businesses are there in the Optometrists industry in Canada in 2025?
There are 7,028 businesses in the Optometrists industry in Canada, which has grown at a CAGR of 3.8 % between 2020 and 2025.
How may import tariffs affect the Optometrists industry in Canada?
The Optometrists industry in Canada is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Optometrists industry in Canada?
The Optometrists industry in Canada is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Optometrists industry in Canada grown or declined over the past 5 years?
The market size of the Optometrists industry in Canada has been declining at a CAGR of 0.3 % between 2020 and 2025.
What is the forecast growth of the Optometrists industry in Canada over the next 5 years?
Over the next five years, the Optometrists industry in Canada is expected to grow.
What does the Optometrists industry in Canada include?
Conducting eye examinations and Diagnosing and treating vision impairment and eye disorders are part of the Optometrists industry in Canada.
How competitive is the Optometrists industry in Canada?
The level of competition is moderate and steady in the Optometrists industry in Canada.
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