Out of focus: The negative effects of COVID-19 have reduced industry revenue
Eye surgeons, also known as ophthalmologists, are medical professionals that specialise in diagnosing and treating eye conditions. Revenue for the Eye Surgery Clinics industry has contracted over the past five years, principally as a result of the COVID-19 pandemic. The threat of the virus has resulted in many patients delaying or cancelling treatment over the past two years, particularly in Victoria, which battled a significant second wave of COVID-19 early in 2020-21. A reduction in the total population covered by private health insurance has also placed downward pressure on industry growth. Industry revenue is projected to contract at an annualised 1.6% over the five years through 2022-23, to $1.3 billion. Revenue is anticipated to decline by 0.2% during the current year.
Industry firms primarily conduct eye surgery. This includes laser eye surgery and other procedures for both treatment and enhancement purposes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Vision Eye Institute Limited
Methodology
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