The Vision Council Announces NEW inSights Research Program
Alexandria, VA – May 5, 2022 – The Vision Council today announces its new inSights Research Program. Powered by a modern analytics platform, the program includes all-new research reports developed from updated consumer and market data sources and methodologies. Designed to better serve the needs of members, the inSights program will provide timely data and analysis in an accessible, flexible format.
The first new reports will be published later this month (May 2022), with the program continuing to roll-out throughout 2022.
“As part of The Vision Council’s mission to position members for success, we are thrilled to launch a completely redesigned research program,” said Alysse Henkel, Director of Research Data and Analytics at The Vision Council. “The new program reflects an overhaul of The Vision Council’s technology, enabling more sophisticated analysis and quicker, more efficient reporting. Built on a foundation of rigorous methodology, the inSights Research Program will offer relevant, accurate data and exclusive perspectives on the state of the industry. Furthermore, our reports will be available in more flexible formats for the convenience of our members and their business needs.”
“By working closely with many of The Vision Council’s board members and members across divisions, we have tailored this program to align with the evolving needs of our members and the industry at large,” said Ashley Mills, CEO of The Vision Council. “We appreciate the support of many of The Vision Council’s members who participated in our research task force and contributed their time, feedback and expertise to ensure our new research program provides the kind of valuable information members need to propel their own businesses and the larger industry forward.”
The Vision Council inSights Research Program will provide a comprehensive perspective on the state of the vision care industry through quarterly consumer survey reports; quarterly eyecare provider survey reports; quarterly in-depth special reports on eyewear and eyecare products and topics important to members; and an end-of-year market estimate and industry forecast.
The program features a new portfolio of reports, many of which are complimentary to members of The Vision Council. The five new report categories include:
Consumer inSights: Quarterly summary of revised monthly consumer survey about vision correction, eye exams, frames and lens purchases, contact lenses, Plano sunglasses, and over-the-counter readers. Data is representative of the U.S. adult population, with 15,000 respondents per quarter.
Provider inSights: Quarterly summary of monthly eyecare provider survey about their practice, economic sentiment, telehealth offerings, staffing, and other rotating topics.
Focused inSights: In-depth special interest reports on topics important to members. In 2022, the four Focused inSights reports will include: consumer decision-making related to products and providers; digital habits; frames; and lenses. Data sources for these reports will include ad-hoc consumer surveys and transaction data (when applicable).
Industry Data inSights: Member-reported data benchmarking programs for select product categories facilitated by an external partner. Participating companies will provide data quarterly through a secure online portal that prepares anonymized aggregate reports ensuring data confidentiality. The Industry Data inSights online portal allows only participating members to easily access and download Excel and PowerPoint reports that benchmark their submitted data to the aggregate results. *Topics and frequency contingent on member participation
Market inSights: Annual market estimates of market size. These reports will also include forecasts for the coming year using predictive analytics. These reports will rely on consumer survey data, ECP survey data, transaction data, and member-reported data to create the market size estimates and forecast.
Additionally, inSights+ reports will be available across some report categories at an additional cost and will include detailed crosstabulations of demographic data.
Report Availability and Timeline
The Consumer inSights Q1 Report and Provider inSights Q1 Report will both be released later this month in May 2022 and published quarterly for the remainder of 2022.
The first Focused inSights report will be published in Q2 and will be released quarterly thereafter.
The first Market inSights report will be released in Q4 2022. This report will include both industry market size estimates for 2022 and a forecast for 2023 using predictive analytics.
The chart below indicates the reports that will be released in 2022.
Opportunities to Learn More
To learn more about The Vision Council inSights Research Program, members of The Vision Council and the larger industry are invited to attend an informational webinar on Tuesday, May 24 at 2:00 pm EST, hosted by Alysse Henkel. During the webinar, Henkel will provide an overview of the program and answer questions. To register for the webinar, click here.
Additionally, on June 15, Alysse Henkel will provide an overview of the inSights Research Program as well as a first-look at the first Focused inSights report during The Vision Council’s Regional Connection Series event in Chicago. For more information on the event and to register, click here.