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Regionally, the South and Midwest experienced the highest increases of 3 index points in three categories (frame units, lens pairs and contact lenses). Gross revenue also grew by 3 index points in the Midwest and 4 index points in the South. The Northeast and West remained primarily flat or had negligible increases of 1 index point, 2 index points for contact lenses in the West. These small optical sales increases occurred while COVID-19 cases continue rising in nearly every state except Connecticut and Rhode Island, according to the Johns Hopkins Coronavirus Resource Center. A number of states are also reaching record highs for seven-day averages for hospitalizations, according to the COVID Tracking Project.
*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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