Market Insights: 2021 Eyecare Provider Insights Report Now Available
The Vision Council has released the 2021 Eyecare Provider (ECP) Insights Report, which summarizes the results of the monthly surveys of eyecare providers conducted by The Vision Council in 2021. The report contains detailed insights on eye exams, capture rate, practice revenue, telehealth services, staffing levels, practice owner economic sentiment, and staff vaccinations. Throughout 2021, The Vision Council recorded and analyzed responses from 3,562 eyecare providers.
Download the 2021 ECP Insights Report.
Eyecare practice business rebounded in 2021
For most of 2021, more than 60% of respondents reported that their revenue was normal or better than a typical month. The year was off to a relatively slow start before vaccines were widely available, but after the first quarter, reports of more favorable revenue remained fairly constant. The declines in August and December align with the COVID-19 variant surges.
Source: The Vision Council Eyecare Providers Survey January–December 2021, n=3,519
Practice owners had an optimistic economic outlook
In the first half of 2021, owners were optimistic about business conditions, with more respondents reporting that they anticipate better business conditions than those saying that conditions will remain the same. However, at mid-year, this trend reversed—with fewer owners anticipating better conditions and more owners anticipating about the same conditions. This change likely reflects that business operations had reached typical levels by mid-year and that broader economic conditions had become more stable, so their perceptions of future business conditions were likely optimistic even when if they remained the same.
Source: The Vision Council Eyecare Providers Survey, January–December 2021, n=1,791
About half of respondents had a vaccine mandate at their practice
From September through December, respondents were asked if their practice had a COVID-19 vaccine mandate for staff. Most respondents (54%) said their practice did not have any type of vaccine mandate in place.
About a third of respondents said their practice required vaccinations for all staff be vaccinated without exceptions, while 11% of respondents said there was a vaccine mandate but also had a testing option for the unvaccinated.
Source: The Vision Council Eyecare Providers Survey, September–December 2021, n=1,168
From consumer opinions to optical market reports, The Vision Council offers hundreds of industry studies for free to members as well as exclusive access to custom research projects. If you have questions about this report, contact Alysse Henkel at ahenkel@thevisioncouncil.org. To learn more about how industry research and analysis can drive your business forward, contact Nathan Troxell at ntroxell@thevisioncouncil.org.