Latest Industry News & Trends
Market Scope provides comprehensive coverage of the ophthalmic and orthopedic markets. Our news stories are a combination of public and proprietary content ranging from coverage of international meetings, surgeon survey results and trends, analysis of company financial reports and public medical registries, press releases, and interviews with companies executive. Register today to receive free weekly email updates, our top data chart, surgeon poll results, and much more. Locked content can be accessed through a subscription to our ophthalmic or orthopedic industry newsletters.
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Do Virtual Attendees Need Breaks? Conferences Take Different Approaches
Three online meetings during the first week of October showcased different ideas about how to structure a virtual conference. The two Ophthalmology Futures Forums (Retina and European) were held Se...
ESCRS Speakers Expect Hybrid Lenses to Expand PC-IOLs’ Market Share in Europe
New hybrid categories of presbyopia-correcting IOLs (PC-IOLs) were the focus of meeting sessions and company-sponsored satellite programs at the 2020 virtual congress of the European Society of Cat...
BVI Acquires Benz as it Continues to Build Formidable Player in Ophthalmology
BVI’s acquisition of Benz Research & Development is part of its strategy to become an ophthalmic stalwart, the Waltham, Massachusetts, company told Market Scope on Oct. 28. Benz is a leading source...
Companies Extending Special Purchase Options for Ophthalmic Surgeons, COVID-19 Survey Shows
Some companies are providing assistance to ophthalmologists for capital equipment purchases in hopes of reducing the financial burden, given that surgeons are considering delaying such purchases, l...
Bausch Licenses Eyenovia’s Pediatric Myopia Candidate in US, Canada, Adding to Acquisitions
Bausch + Lomb has licensed in the US and Canada Eyenovia’s microdose formulation of atropine ophthalmic solution, which is being investigated for the reduction of pediatric myopia progression. Eyen...
Eli Lilly to Acquire Disarm Therapeutics for $135 Million, Plus Potential Milestone Payments
Eli Lilly and Company announced Oct. 15 that it had agreed to acquire Disarm Therapeutics, a Cambridge, Massachusetts, company developing preclinical SARM1 inhibitors for axonal degeneration. Glauc...
Katena Acquires Micro-Select Instruments
Katena Products of Parsippany, New Jersey, announced Oct. 20 that it had acquired Micro-Select Instruments of St. Clair, Missouri. Financial details were not released. Micro-Select, founded in 2005...
DMEK Procedures, Pandemic’s Impact Among Cornea Topics at ESCRS
Heidelberg University Hospital’s eight-minute film “CSI Heidelberg: DMEK with Artificial Implant Instead of Human Tissue” was awarded first prize in the innovative category in the European Society ...
ESCRS Sessions Look at Dry Eye, Drug Delivery, Glaucoma Pipeline
Presenters at the 2020 congress of the European Society of Cataract and Refractive Surgeons (ESCRS) discussed how dry eye affects visual acuity and patient satisfaction after cataract or refractive...
Retinal Implants, Pragmatic Approaches to GA Grab Spotlight at Virtual EURETINA 2020
Highlights of the EURETINA 2020 Virtual congress included presentations on new medical devices, surgical techniques, and in-depth discussions of geographic atrophy. New devices discussed at EURETIN...
FLACS Costs, Quick Recall of CyPass Among Debates at Ophthalmology Futures Virtual European Forum
The Ophthalmology Futures Forums, now consisting of two sessions (European and Retina), shifted to a virtual, Zoom-based platform this year. Much like other industry meetings, the forums waived reg...
Challenges for Surgeons Highlight Ophthalmology Futures Retina Forum
Frank discussions and company presentations (see the accompanying table) were the order of the day for 719 participants in the Ophthalmology Futures Virtual Retina Forum on Sept. 30. The panel on a...
Past News Stories
Developers of CRISPR Gene-Editing Technology Receive Nobel Prize in Chemistry
Researchers Jennifer Doudna and Emmanuelle Charpentier have received the Nobel Prize in Chemistry in 2020 for the development of a method for gene editing, the Royal Swedish Academy of Sciences ann...
Concerns Over Surgical Waste Cloud Future of Single-Use Device Market
The global single-use surgical device market has shown steady growth over several decades, reaching a peak of $3.4 billion in 2019, but growing concerns over the amount of waste created by disposab...
Dr. Reddy’s Launches Two OTC Olopatadine Formulations in US
Dr. Reddy’s Laboratories, based in Hyderabad, India, reported Sept. 17 that it had launched its over-the-counter Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2% and 0.1%, in the US. Both fo...
Cornea Products Market to Grow an Estimated 6.1 Percent Through 2025
Expanding use of products to treat many corneal diseases will increase the role of devices and surgery in the cornea treatment landscape. Over 1 billion people are affected by 50 corneal diseases t...
Nova Eye Medical Establishes Subsidiary to Support Laser Therapy for AMD
Nova Eye Medical, formerly Ellex, announced Oct. 26 the establishment of a subsidiary called AlphaRET to support the commercial development of its 2RT laser therapy for intermediate age-related mac...
Opthea Leads Latest Fundraising Efforts with $128.2 Million US IPO
Australian company Opthea led recent fundraising efforts by ophthalmic companies, raising $128.2 million in its initial public offering on the US Nasdaq market. Funding for the past four weeks tota...
Renowned Surgeon and Humanitarian Alan Crandall, MD, Dies at Age 73
Renowned and beloved ophthalmologist and humanitarian Alan Crandall, MD, passed away Oct. 2, 2020, following a sudden illness. The glaucoma and cataract surgery specialist was 73. Dr. Crandall work...
Moran Eye Center Maps How Disease Alters Retinal Circuitry
Researchers from the John A. Moran Eye Center at the University of Utah have created the first ever pathoconnectome, which shows how eye disease alters retinal circuitry, the center announced Sept....
Chicago is First Stop as Lumenis Hits the Road with Trade Show Booth
The COVID-19 pandemic has left companies struggling to get their products in front of doctors, as in-person trade shows have been canceled across the globe for months, with no end in sight. Lumenis...
Emerging Companies Pursuing Ophthalmic Indications, October 2020
Market Scope is tracking companies that have announced new candidates to diagnose and treat eye disease. Company Location About AIVITA Biomedical Irvine, California AIVITA Biomedical has created 3D...
Market Scope Weekly Ophthalmic Surgeon and Industry Polls for October 2020
Two Groups are Developing Devices to Measure Stiffness of Crystalline Lens
Two groups are advancing biomechanics technology to measure the stiffness of the crystalline lens in the eye in presbyopic patients. Both technologies use the Brillouin principle of light scatterin...
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