Biggest companies in the Optometry and Optical Dispensing industry in Australia. IBIS World covers 2 companies in the Optometry and Optical Dispensing in Australia industry, including Specsavers Pty Ltd and Luxottica South Pacific Holdings Pty Ltd.
VSP. VSP Vision Care is the largest vision insurance company in the country by far, with 25.4 million policyholders with stand-alone vision insurance plans. This is just a portion of VSP's overall business, and the company says it has 82 million policyholders in the U.S., including those in employer group plans.
KEY INDUSTRY PLAYERS
Johnson and Johnson Services, Inc. holds the highest share in the global contact lens market, followed by Alcon. Other prominent players in the global spectacles market include companies, namely Essilor Luxottica, Safilo Group S.p. A, and Carl Zeiss.
EyeQ Optometrists is proudly Australian owned and operated. As the local experts in eye care, we are honoured to look after the eye care needs of our communities.
OPSM actually own Specsavers. Better choice of different frames at OPSM but you will pay more no doubt. You want a good optometrist that also checks the health of your eyes,not just the visual side.
It is owned by EssilorLuxottica, a French-Italian eyewear conglomerate.
Essilor. Essilor is the world's largest manufacturer of ophthalmic lenses.
Herbert "Herbie" Wertheim is an optometrist and inventor who built a fortune over five decades of investing in stocks.
The average optometrist salary in Australia is $116,584 per year or $59.79 per hour. Entry-level positions start at $110,000 per year, while most experienced workers make up to $140,000 per year.
Optical Superstore, Specsavers and Oscar Wylee shared a win for value for money, with Oscar Wylee scoring an additional five stars for product range. Additionally, Eyecare Plus rounded up the ratings with five stars for checkout experience. Find more detailed information on our ratings methodology.
Locally made lenses
Specsavers' Port Melbourne manufacturing and support office employs 450 people and is now one of the largest suppliers of glasses in Australia, manufacturing and distributing around 80,000 pairs of glasses every week.
Specsavers Pty Ltd is a wholly-owned subsidiary of Specsavers International Healthcare Limited, a Guernsey-based optical retail chain.
Oscar Wylee has grown rapidly since brothers Jack Teoh and Bob Teoh purchased the company with their investment firm and began to expand its operations.
Specsavers glasses are cheap because they are able to offer high-quality products at an affordable price due to their efficient supply chain management, bulk purchasing, and partnerships with suppliers. This allows them to offer glasses at a lower price point than other traditional retailers.
Oscar Wylee optometrists
Established in Sydney, Oscar Wylee now has over a hundred locations across Australia.
Italy is renowned for its eyewear industry, making it one of the best countries for producing glasses. Beyond eyewear, Italy is a great country to manufacture products for fashion, but also food brands. As a global leader in fashion, the Italian eyewear sector is home to some of the world's most prominent brands.
The average markup on frames is 250%.
That hundred dollar pair of frames you think is a bargain? Your optometrist probably paid around $40 for it.
Nowadays, about 90% of all eyeglasses are made in China. All of the major Italian glasses frame companies have moved the majority of their production to China.