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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2020 in Review: COVID-19 Derails Ophthalmology’s Hopes for Year Celebrating 20/20 Vision
Many ophthalmic companies and practices entered 2020 seeing the date as a marketing gift to promote all things related to quality vision. It was to be a banner year. 2020 ended with the number perm...
Alcon Vivity Launch Expected to Expand PC-IOLs’ Market Share in US
Alcon on Jan. 7 announced the commercial launch of the AcrySof IQ Vivity non-diffractive extended depth of focus (EDOF) IOL, including a toric version, in the US. We project the Vivity will help dr...
Ophthalmic Fundraising Activity Soars in the Face of Global Pandemic
The ophthalmic market continues to expand and attract funding from investors. There were more deals in 2020 than the two previous years, and transactions totaled $8.6 billion. Retina is the largest...
Kala Launches Eysuvis for Short-Term Treatment of Dry Eye
Kala Pharmaceuticals announced Jan. 7 that it had launched Eysuvis (loteprednol etabonate ophthalmic suspension) 0.25% for the short-term (up to two weeks) treatment of the signs and symptoms of dr...
Pixium, Second Sight to Combine Operations, with New Company Trading on Nasdaq
French company Pixium Vision and Second Sight Medical Products, of California, announced Jan. 6 that the two would combine operations. Pixium will contribute to Second Sight all of its assets and l...
US Regulatory Roundup: Ophthalmologists Now to See Increase in 2021
A US spending package signed into law on Dec. 27 erased the impact of Medicare’s negative physician fee adjustments for eye care providers in 2021. Ophthalmologists were prepared to see an average ...
US FDA PMA Approvals and 510(k) Clearances for December 2020
The US FDA’s ophthalmic devices division granted four clearances through the 510(k) pathway in December 2020, according to the agency’s database. One involved adding an indication for use to an alr...
2020 in Review: Corporate, Surgeon Picks for Top Stories
Market Scope polled companies and practices to rank our list of top 10 ophthalmic stories for 2020. Not surprisingly, both groups chose the COVID-19 pandemic as the No. 1 story. Corporate participa...
2020 in Review: Premium IOL Options Increased Worldwide, Despite Pandemic
A steady flow of premium IOLs debuted in markets throughout the world in 2020, despite the pandemic. Evidence continues to show that trifocal IOLs are becoming the most popular presbyopia-correctin...
2020 in Review: Safety Concerns Trip Up Anticipated New Anti-VEGF Drugs
“Safety first” sums up the year 2020 in retina as retina specialists and regulators handed surprise setbacks to two highly anticipated new drugs for wet age-related macular degeneration. A safety n...
2020 in Review: Interest in Presbyopia Eye Drops Continues to Expand
Discussion surrounding eye drop solutions for presbyopia ramped up in 2020. Drug formulations are aimed at modifying factors involved in the accommodative process. These compounds are in various st...
2020 in Review: Industry Sees Renewed Investment in FLACS in 2020
2020 saw renewed development interest and activity in femtosecond laser-assisted cataract surgery (FLACS) technology, after years of minimal investment. Companies took steps—both incremental and su...
Past News Stories
2020 in Review: Glaucoma Specialists Gain Clarity on Surgical Options for Advanced Cases
US glaucoma specialists in 2020 gained clarity on their options for surgically treating patients with more advanced stages of glaucoma, including MIGS devices with greater efficacy, additional ways...
2020 in Review: Durysta Becomes First Sustained-Release Drug Implant for Glaucoma
The long-anticipated era of sustained drug delivery in glaucoma finally arrived in 2020, if not exactly with a bang, then not with a whimper either. Durysta, a 10-microgram bimatoprost implant from...
2020 in Review: Ophthalmic Groups Learn on the Fly in Shift to Virtual Meetings
The COVID-19 pandemic forced ophthalmic associations around the world to cancel in-person conferences in 2020 and go online. Groups putting on virtual conferences were learning as they went. Along ...
2020 in Review: Disruptive Cornea Products Could Help Bridge Transplant Gap
Synthetic cornea transplant solutions hit major milestones in 2020 on the path toward market approval. These products have the potential to disrupt the cornea landscape and address a critically unm...
2020 in Review: Ophthalmic Firms Expand Portfolios, Despite Pandemic
Acquisitions and other deals continued at a rapid pace in 2020, in spite of the pandemic or perhaps as a result of it. No deal stood out as an ophthalmic industry blockbuster. Top companies gobbled...
$38.2 Billion Ophthalmic Market Has Plenty of Room for Innovation
The traditional “Big Three” ophthalmic companies—Alcon, Bausch + Lomb, and J&J Vision—have dominated industry meetings, marketed broad product lines, and held the widest global reach, but the ophth...
Trump Commutes Medicare Fraud Sentence of Former Retina Specialist Melgen
Former retina specialist Salomon Melgen was among 70 people whose sentences were commuted by President Donald Trump early on Jan. 20 in the waning hours of his term. Melgen, 66, of Florida, was sen...
NGM Bio Leads Latest Fundraising Efforts with $125 Million Public Offering
NGM Biopharmaceuticals, of South San Francisco, California, led recent fundraising efforts by ophthalmic companies, with a $125 million underwritten public offering of common shares. Funding for th...
Emerging Companies Pursuing Ophthalmic Indications
Market Scope is tracking companies that have announced new candidates to diagnose and treat eye disease. Company Location About Viridian Therapeutics Boulder, Colorado The company, formerly miRagen...
AI Algorithms Inconsistent in Detection of Diabetic Eye Disease, Study Finds
Artificial intelligence algorithms designed to detect diabetic eye disease may not perform as well as developers hoped, according to a study published Jan. 5 in Diabetes Care. Investigators tested ...
Market Scope Weekly Surgeon and Industry Polls for January 2021
First Implanted Patient Regains Sight with CorNeat Vision’s Artificial Cornea
Israel’s CorNeat Vision announced Jan. 11 that its KPro artificial cornea implant restored sight in the first treated patient, a 78-year-old man. Professor Irit Bahar, MD, at Rabin Medical Center i...
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