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Optometrists and Optometric Practices

SIC 8042  /  NAICS 621320 

The following guide to industry information, research, and analysis provides sources for industry trends and statistics, financial ratios, salary surveys, and more.

Select from the following page sections or scroll down the page below for a complete listing of all available resources:

Industry Overview, Issues, Trends, and Outlook

Financial Information and Financial Ratios

Compensation and Salary Surveys

Business Valuation Resources



For resource guides specific to other industries, see Industry Information Resources which covers over 400 individual industries.



Industry Overview, Issues, Trends, and Outlook


Optometrists
http://www.firstresearch.com
Profiles cover key aspects of an industry's size, scope, and operations, recent news and developments, industry trends, risks, and opportunities, and include a five-year industry forecast. Profiles are updated quarterly and include:


American Optometric Association
Information resources available from this organization include:

Caring For The Eyes of America: A Profile of the Optometric Profession
http://www.aoa.org/x4753.xml
Report provides insights into the current state of the optometric profession, with topics covered including ophthalmic market size and service provider market shares, consumer trends, eye care and eye wear costs, optical dispensing, third-party and managed care coverage, optometric income trends, new technologies, and more

AOA State of the Profession Survey
http://www.aoa.org/x4753.xml
Biannual state of the profession survey summarizes research and data from other AOA surveys, with topics covered including ophthalmic market size and service provider market shares, optometric workforce, eye examinations and other professional services, consumer survey results, optometric income, third-part/managed care, and ophthalmic lenses and frames. Survey is available to members only.


Optometrists
http://www.ibisworld.com
Reports provide in-depth industry analysis and a five-year industry growth forecast, with special focus on the underlying structure and external forces and relationships that affect an industry and its performance. Report sections include:

Sample industry report is available free online.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Optometrists
http://www.bls.gov/optometrists.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Industry Market Research Reports
Optometrists
http://www.marketresearch.com  Search for specific terms or keywords
In-depth business market research reports include information on market size and market segmentation; marketing strategy; product and market forecasts; business trends, risks, and opportunities; key participant profiles; market share data; and more. Summary abstract and detailed table of contents for each market research report is accessible free online.

Industry Market Analysis Reports
Optometrists
http://www.bizminer.com  Search for "621320"
Industry statistics for optometric practices include industry sales and sales trends, market size and market share by sales class, average company sales and sales per employee, staffing and employment trends, business start up activity and failure rates, and other business statistics on a national, state, and metropolitan area level. Sample market analysis reports can be viewed free online.

More Industry Research and Analysis
For more business research and analysis available from Standard & Poor's, Freedonia Group, Euromonitor, and other sources—including key business statistics, market research and analysis, and business trends and forecasts for a wide range of industries, see Industry Overview, Issues, Trends, and Outlook.




Financial Information and Financial Ratios


Industry Financial Ratios
Optometrists
http://www.bizminer.com  Search for "621320"
Five-year comparative financial statement analysis includes income statements with expense detail, balance sheets, cash flow statements, and key business and financial ratios for optometric practices. Reports are available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports with detailed financial ratio analysis can be viewed free online.

American Optometric Association
AOA Economic Survey
http://www.aoa.org/x4753.xml
Biennial economic survey provides net income data for self-employed optometrists and optometrists employed by other professionals or organizations, with net income data broken out by practice type, years in practice, and gender. Survey also includes information on practice gross income, selected practice expenses, hours worked, patient visits, exam volume, and staffing levels. Survey is available to members only.

Jobson Medical Information LLC
Practice Performance Assessment
http://www.jobsonresearch.com/scripts/prodView.asp?idproduct=58
Practice performance analysis allows users to compare their financial and operating performance with other similar size independent optometric practices. Detailed table of contents and selected excerpts from prior reports can be viewed free online.

More Industry Financial Analysis
For more business financial information and analysis available from Integra Information, RMA Annual Financial Statement Studies, and other sources—including financial statements, financial ratios, and other key performance indicators and benchmarks for a wide range of industries, see Industry Financial Information and Financial Ratios.





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Compensation and Salary Surveys


Review of Optometry
Annual Income Survey
http://www.revoptom.com/category/d/income_survey/
Annual income survey provides gross revenue and net income data for self-employed optometrists and optometrists employed by other professionals or organizations, with survey data broken out by practice type, employment setting, and years in practice. Survey results can be viewed free online.

American Optometric Association
AOA Economic Survey
http://www.aoa.org/x4753.xml
Biennial economic survey provides net income data for self-employed optometrists and optometrists employed by other professionals or organizations, with net income data broken out by practice type, years in practice, and gender. Survey also includes information on practice gross income, selected practice expenses, hours worked, patient visits, exam volume, and staffing levels. Survey is available to members only.

Bureau of Labor Statistics, U.S. Department of Labor
Occupational Outlook Handbook - Optometrists
http://www.bls.gov/optometrists.htm
Information provided includes a description of the nature of the work, number and types of jobs, education and training, wages and earnings, employment outlook, and sources for additional information. All information is available free online.

Officer Compensation Expense
See "BizMiner Industry Financial Ratios" above for report including this data.
Five-year comparative financial analysis details officer compensation expense in both dollars and as a percentage of sales. Available by sales size range, and also in small business, sole proprietor, and business start up versions. Sample financial reports can be viewed free online.

More Compensation and Salary Data
For more compensation and salary survey data available from ERI Economic Research Institute, PayScale, Salary.com, and other sources—including average salary, salary range, incentive compensation, and employee benefits information for a wide range of jobs and industries, see Compensation and Salary Surveys.





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Business Valuation Resources


The Health Care Group
Goodwill Registry
http://www.thehealthcaregroup.com/  Select "Products - Annual Surveys"
The Goodwill Registry compiles transaction data on the intangible values of medical, dental, and other health care practices. Each reported transaction includes location, purpose, gross income, overhead percentage, and goodwill value in both dollars and as a percentage of gross income. Individual specialty information is also available for purchase online in "Products - Goodwill Registry Online" section.

BVMarketData
Private Company Sales Transactions Databases
Pratt's Stats®  http://www.bvmarketdata.com/PSAdvSearch.asp
BIZCOMPS®  http://www.bvmarketdata.com/BIZAdvSearch.asp
Free "Visitor Search" allows users to search thousands of private company sales transactions by SIC Code, NAICS Code, or business description for comparable business sale transaction data, including revenue, earnings, and EBITDA multiples. Data can be purchased as a single report or by subscription.


More Business Sale Transaction Data
For more business sale transaction data available from BizBuySell®, Done Deals, Mergerstat, Public Stats™, and other sources for a wide range of industries, see Business Valuation Multiples and Merger & Acquisition Transaction Data.




Related Industries:
Doctors, Physicians, and Medical Practices
Opticians and Optical Goods Stores
Retail Stores
Warehouse Club and Superstores

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