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ECPs Report Higher Confidence Levels in New Survey from The Vision Council

Sept. 10, 2020 — The Vision Council's recent Market Insights survey reveals positive signs for eyecare professionals based on their overall level of confidence and investments in their business compared to surveys conducted in June.

Eyecare Business September 10, 2020

While the financial strain of Covid-19 is still affecting eyecare professionals, The Vision Council (TVC) has released new results from its Market Insights survey, showing positive signs for ECPs based on their overall level of confidence and investments in their business compared to TVC surveys conducted in June.

 

Source: The Vision Council Covid-19 ECP Panel Study, June and August 2020


TVC shared a few key highlights, below:

  • Current business performance is stronger than in June. Only slightly more than one-third of ECPs (38%) indicted that their business is currently experiencing a significant drop in income, which is down from two-thirds of ECPs (66%) in June.
  • Purchases and investments in optical businesses are improving slightly. Fewer ECPs (59%) report delaying purchases for their businesses than in June (79%). Just over half of ECPs (52%) reported in August that they have cut back on spending for their business compared to nearly three-quarters of ECPs (74%) in June.
  • …but future business performance is still uncertain. Even though lower than June results, more than half of ECPs (52%) still anticipate a significant drop in income in the next 6-12 months.