The optical business in the Northeast experienced the most growth over the past week. In the South, Midwest, and West, the optical business declined for the most part, except for contact lenses (up 2 index points) and exams/refractions (up 1 index point) in the South. This reflects the rise of COVID-19 cases throughout those regions. Nearly all U.S. states in the South, Midwest, and West experienced an increase in the number of COVID-19 cases over the past week, according to the CDC COVID Data Tracker. The product categories with the largest increases were frame units and lens pairs in the Northeast, both of which grew at a rate of 5 index points. Exams/refractions in the West felt the sharpest decline of 4 index points.
*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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