$4.6bn
$XXX.Xm
22,714
3,418
$X.Xbn
Optometry practices and optical dispensing stores have contended with an increasingly competitive operating environment in recent years. New corporate players have continued to expand, while online competition has intensified, influencing the industry's performance. Ensuing price wars have lowered prices and weighed on profit, as both online and bricks-and-mortar optometry chains have competed for a growing number of consumers seeking competitively priced eyewear. The COVID-19 pandemic added to the industry's challenges, as national and regional lockdown measures restricted operations for many optical dispensing stores and eye clinics. These lockdown measures translated into fewer routine eye care examinations and a dip in sales of spectacles and sunglasses. At the same time, a dramatic increase in digital device use during COVID-19 lockdowns has seen a growing number of Australians across all age groups suffer from deteriorating ocular health and digital eye strain.
Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $4.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue ($m)
2025 |
---|---|---|
Specsavers | 1,570.0 | |
Luxottica | 797.0 | |
Oscar Wylee | 175.0 |
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Industry revenue is measured across several distinct product and services lines, including Optometry and orthoptic services, Spectacles (frames and lenses sold together) and Other eyewear products. Optometry and orthoptic services is the largest segment of the Optometry and Optical Dispensing in Australia.
Bundle deals help boost spectacle sales
The industry covers registered optometrists, optical dispensers and orthoptists. Optometrists primarily test eyesight, diagnose sight defects, and prescribe or dispense spectacles and contact lenses. Optical dispensers mainly dispense spectacles or contact lenses. Orthoptists diagnose and treat ocular muscle disorders.
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ANZSIC 8532 - Optometry and Optical Dispensing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Optometry practices and optical dispensing stores have contended with an increasingly competitive operating environment in recent years. Online eyewear rivals gained signific...
Learn about an industry's products and services, markets and trends in international trade.
Optical dispensers operate retail outlets that sell spectacles and other visual aids. These stores can fill prescriptions for spectacles and other visual aids as well as prov...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Industry enterprises are distributed largely in line with Australia’s population spread. Similarly, the number of optometry consultations in each state and territory largely ...
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.
The basis of competition varies across the industry. Although price isn’t a competitive factor in the optometry segment (as optometry services are mainly bulk-billed to Medic...
Learn about the performance of the top companies in the industry.
The industry is fragmented and includes many small players. In addition to independent or standalone optometry practices, the industry includes optical dispensing stores that...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Households with ancillary private health insurance that includes optical and orthoptics coverage tend to spend more on optometry and optical dispensing services. Approximatel...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Industry players have varying cost structures. Profit differs depending on whether optical dispensers focus on price or differentiation. Cost structures also vary between opt...
Including values and annual change:
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Key data sources in Australia include:
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:
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The market size of the Optometry and Optical Dispensing industry in Australia is $4.6bn in 2024.
There are 3,418 businesses in the Optometry and Optical Dispensing industry in Australia, which has grown at a CAGR of 0.7 % between 2019 and 2024.
The market size of the Optometry and Optical Dispensing industry in Australia has been growing at a CAGR of 1.0 % between 2019 and 2024.
Over the next five years, the Optometry and Optical Dispensing industry in Australia is expected to grow.
The biggest companies operating in the Optometry and Optical Dispensing market in Australia are Specsavers, Luxottica and Oscar Wylee
Spectacles (frames and lenses sold together) and Optometry and orthoptic services are part of the Optometry and Optical Dispensing industry.
The company holding the most market share in Australia is Specsavers.
The level of competition is moderate and increasing in the Optometry and Optical Dispensing industry in Australia.