Eye care has been at the forefront of the latest wave of healthcare industry consolidation as private equity-backed physician practice management (PPM) companies have driven a high volume of practice acquisitions. Consolidation in the eye care sector helps to address the imbalance between provider supply and patient demand while increasing practice efficiency and expanding upon ancillary services.

While transaction activity has slowed in recent years, driven primarily by higher interest rates reducing private equity activity in 2023, we continue to observe high levels of investor interest in the space, and recent data suggests eye care continues to be one of the most active subsectors within physician services.

Our report contains an outlook for the eye care sector while examining related ancillary services, advances in products and procedures, regulatory changes, and recent transaction trends in the space.

Landon Forsythe materially contributed to this report.