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Optometry and Optical Dispensing in New Zealand - Market Research Report (2015-2030)

Joshua Campbell Joshua Campbell Melbourne, Australia Last Updated: June 2025 ANZSIC Q8532NZ

Revenue

$507.0m

2025-26

$507.0m

Past 5-Year Growth

Profit

$XX.Xm

Employees

2,960

Businesses

374

Wages

$XXX.Xm

Optometry and Optical Dispensing in New Zealand industry analysis

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.

Trends and Insights

  • Compliance and training costs are reshaping operating models. Regulatory shifts and mandatory CPD requirements have lifted baseline expenses, particularly for smaller providers. This has widened performance gaps between large chains and independents.
  • An ageing population is raising demand from the industry's largest market. Consumers aged 35 to 64 often require regular eye testing as their eyesight begins deteriorating.
  • Rural and regional areas face access gaps in eye care. Workforce shortages and the closure of smaller practices have contributed to service disparities. Mobile optometry and telehealth are emerging as partial solutions.
  • The industry operates in a highly competitive landscape. Competitive pressures have increased over the past few years as new international players have entered the industry.
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Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has declined at a CAGR of 7.4 % over the past five years, to reach an estimated $507.0m in 2025.

Trends and Insights

Optometry and Optical Dispensing revenue contracts as budget chains and online sales surge

  • The New Zealand Optometry and Optical Dispensing industry has seen sharp revenue contractions, primarily due to intensified competition from online retailers and budget chains. Online sales have significantly reduced revenue share of traditional optical dispensing services, particularly for commoditised products like spectacles and contact lenses, as consumers seek convenience and lower prices.
  • Additional trends and insights available with purchase
Optometry and Optical Dispensing in New Zealand
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to grow over the next five years.

Trends and Insights

Workforce expansion is likely, but optometrist shortages will persist in underserved areas

  • New Zealand’s optometry workforce is expected to expand gradually, as training pipelines slowly increase and efforts to retain graduates improve. Employment levels are rising modestly due to consistent service demand, particularly from an ageing population and rising rates of screen-related eyestrain. Government funding support, like MSD’s Flexi-wage scheme to subsidise dispensing optician training and investment in tele-optometry models, is also creating new roles across the care spectrum, including technicians, dispensers and support staff.

Biggest companies in the Optometry and Optical Dispensing in New Zealand

Company
Market Share (%)
2026
Revenue ($m)
2026
Specsavers New Zealand
215.0
Luxocitta New Zealand
112.5

To view the market share and analysis for all 2 top companies in this industry, view purchase options.

Products & Services Segmentation

Optometry and Optical Dispensing in New Zealand
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Optometry services, Optical dispensing services and Orthoptic services. Optometry services is the largest segment of the Optometry and Optical Dispensing in New Zealand.

Trends and Insights

Optical dispensing services are growing due to premium eyewear demand

  • Optical dispensing involves fitting and supplying prescription lenses, frames and contact lenses. It accounts for a major share of industry revenue. This segment has grown as consumer preferences shift towards higher-value, branded eyewear, including designer frames and premium lens coatings.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

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.

What's included in this industry?

Products and services covered in the Optometry and Optical Dispensing industry in New Zealand include Optical dispensing services , Optometry services and Orthoptic services .

Companies

Companies covered in the Optometry and Optical Dispensing industry in New Zealand include Specsavers New Zealand and Luxocitta New Zealand.

Purchase this report to view all 2 major companies in this industry.

Related Terms

Related terms covered in the Optometry and Optical Dispensing industry in New Zealand include dispensing optician, optometrists and macular degeneration.

Industry Code

ANZSIC 2006

ANZSIC 8532 - Optometry and Optical Dispensing in New Zealand

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Compliance and training costs are reshaping operating models. Regulatory shifts and mandatory CPD requirements have lifted baseline expenses, particularly for smaller provide...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

An ageing population is raising demand from the industry's largest market. Consumers aged 35 to 64 often require regular eye testing as their eyesight begins deteriorating.

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

Rural and regional areas face access gaps in eye care. Workforce shortages and the closure of smaller practices have contributed to service disparities. Mobile optometry and ...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2025

Tables

  • Number and share of establishments in each region in 2025
  • Number and share of revenue each region accounts for in 2025
  • Number and share of wages each region accounts for in 2025
  • Number and share of employees in each region in 2025

Detailed analysis

  • Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

The industry operates in a highly competitive landscape. Competitive pressures have increased over the past few years as new international players have entered the industry.

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2020-2025
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Specsavers have outperformed the industry in recent years. Strong revenue growth has enabled the company to develop economies of scale, reducing costs.

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2021 through 2025
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2025
  • Overview of Specsavers New Zealand's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Luxocitta New Zealand's performance by revenue, market share and profit margin from 2019 through 2025

Detailed analysis

  • Description and key data for Specsavers New Zealand, and factors influencing its performance in the industry
  • Description and key data for Luxocitta New Zealand, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The repeal of the Therapeutic Products Act (TPA) 2023 has created regulatory uncertainty for optometry. The Act aimed to modernise the oversight of medicines and medical devi...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2015-2030) 
  • Assistance historical data and forecast (2015-2030) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Profit margins are being squeezed by rising costs and intense retail competition. The industry is facing downwards pressure on margins due to competitive pricing from online ...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2015-2030)
  • Revenue per Employee (2015-2030)
  • Revenue per Enterprise (2015-2030)
  • Employees per Establishment (2015-2030)
  • Employees per Enterprise (2015-2030)
  • Average Wage (2015-2030)
  • Wages/Revenue (2015-2030)
  • Establishments per Enterprise (2015-2030)
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Optometry and Optical Dispensing industry in New Zealand in 2025?

The market size of the Optometry and Optical Dispensing industry in New Zealand is $507.0m in 2025.

How many businesses are there in the Optometry and Optical Dispensing industry in New Zealand in 2025?

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.

How may import tariffs affect the Optometry and Optical Dispensing industry in New Zealand?

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.

How may export tariffs affect the Optometry and Optical Dispensing industry in New Zealand?

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.

Has the Optometry and Optical Dispensing industry in New Zealand grown or declined over the past 5 years?

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.

What is the forecast growth of the Optometry and Optical Dispensing industry in New Zealand over the next 5 years?

Over the next five years, the Optometry and Optical Dispensing industry in New Zealand is expected to grow.

What are the biggest companies in the Optometry and Optical Dispensing industry in New Zealand?

The biggest companies operating in the Optometry and Optical Dispensing industry in New Zealand are Specsavers New Zealand and Luxocitta New Zealand

What does the Optometry and Optical Dispensing industry in New Zealand include?

Optical dispensing services and Optometry services are part of the Optometry and Optical Dispensing industry in New Zealand.

Which companies have the highest market share in 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.

How competitive is the Optometry and Optical Dispensing industry in New Zealand?

The level of competition is low and increasing in the Optometry and Optical Dispensing industry in New Zealand.

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in New Zealand include:

  • Statistics New Zealand
  • New Zealand Company Register
  • Ministry of Business, Innovation & Employment

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.

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