Although the Midwestern region had the largest number of states with an increase in coronavirus cases last week (according to the CDC COVID Data Tracker), the Midwest also experienced some of the largest increases in optical product sales (up 12 index points for frame units and up 11 index points for lens pairs). Also with increasing COVID-19 cases, the West saw increases in service/product categories across the board (exams up 10 index points, frame units up 7, lens pairs up 6, contact lenses up 5, and gross revenue up 3). Contact lenses was the only category to experience any decline (-3 index points in both the South and Midwest).
*The index baseline was developed by Jobson Research from total sales from an average seven days in the first quarter of 2019.This index baseline is equivalent to a score of 100. All other time periods going forward are calculated as a percent increase or decrease from the 100 baseline index of that period. This index is intended to show directional and magnitudinal change that the market is experiencing. Actual index scores are arbitrary meaning the baseline of 100 is simply used as a benchmark. Jobson Research shall not be held liable for any use or misuse of the data described and/or contained herein.
Please note that practices that use practice analytic systems tend to skew a bit larger and have higher revenue than practices that do not.
Source: GPN/EDGEPro and ABB Analyze contributed anonymous sales data used to determine gross revenue, exams/refractions, frame units, lens pairs, and contact lens boxes. Data was collected from approximately 3,500 independent eye care practices.
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