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The New Zealand Optometry and Optical Dispensing industry has faced significant headwinds over the past five years, reflected in an annualised revenue decline of 7.4% from 2020–21 to 2025–26. For 2025–26, total industry revenue is estimated at $507 million, marking a contraction of 3.8%. This persistent downturn is driven by several factors, including increased operational and compliance costs related to continuing professional development (CPD) mandates and regulatory changes. These costs have disproportionately affected smaller independent practices, which often lack the scale and resources to absorb added expenses efficiently.
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IBISWorld's research coverage on the Optometry and Optical Dispensing industry in New Zealand includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.
The Optometry and Optical Dispensing industry in New Zealand operates under the ANZSIC industry code Q8532NZ. The industry includes registered optometrists, optical dispensers and orthoptists. Optometrists test eyesight, diagnose sight defects and prescribe or dispense spectacles and contact lenses. Optical dispensers dispense spectacles or contact lenses. Orthoptists diagnose and treat ocular muscle disorders. Online-only retailers are not included in the industry. Related terms covered in the Optometry and Optical Dispensing industry in New Zealand include dispensing optician, optometrists and macular degeneration.
Products and services covered in Optometry and Optical Dispensing industry in New Zealand include Optometry services, Optical dispensing services and Orthoptic services.
Companies covered in the Optometry and Optical Dispensing industry in New Zealand include Specsavers New Zealand and Luxocitta New Zealand.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Optometry and Optical Dispensing industry in New Zealand.
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.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Optometry and Optical Dispensing industry in New Zealand.
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.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Optometry and Optical Dispensing industry in New Zealand.
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.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Optometry and Optical Dispensing industry in New Zealand. 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.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Optometry and Optical Dispensing industry in New Zealand. 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.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Optometry and Optical Dispensing industry in New Zealand. 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.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Optometry and Optical Dispensing industry in New Zealand. 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.
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 Optometry and Optical Dispensing industry in New Zealand.
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The market size of the Optometry and Optical Dispensing industry in New Zealand is $507.0m in 2026.
There are 374 businesses in the Optometry and Optical Dispensing industry in New Zealand, which has grown at a CAGR of 0.3 % between 2020 and 2025.
The Optometry and Optical Dispensing industry in New Zealand is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Optometry and Optical Dispensing industry in New Zealand is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Optometry and Optical Dispensing industry in New Zealand has been declining at a CAGR of 7.4 % between 2020 and 2025.
Over the next five years, the Optometry and Optical Dispensing industry in New Zealand is expected to grow.
The biggest companies operating in the Optometry and Optical Dispensing industry in New Zealand are Specsavers New Zealand and Luxocitta New Zealand
Optical dispensing services and Optometry services are part of the Optometry and Optical Dispensing industry in New Zealand.
The company holding the most market share in the Optometry and Optical Dispensing industry in New Zealand is Specsavers New Zealand.
The level of competition is low and increasing in the Optometry and Optical Dispensing industry in New Zealand.