The $48 billion vision industry is growing by approximately 5% each year, and includes optometrists, ophthalmologists, and mass retailers.i Looking forward, stable growth will be driven by the increasing incidence of chronic conditions, an aging population, growing use of digital screens and resulting eye strain, and several other long-term trends.

In this market overview, Harris Williams shares key information about this growing market, including:

  • Detailed industry overview with major subsectors and growth dynamics
  • Essential trends shaping the future of the sector
  • M&A environment and notable recent transactions

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IBIS (2020) and Harris Williams estimates