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optimedica.com

Founded Year

2004

Stage

Acquired | Acquired

Total Raised

$92.96M

Valuation

$0000 

About OptiMedica

OptiMedica is a global ophthalmic device company dedicated to developing performance-driven technologies that improve patient outcomes. Exclusively focused in the cataract therapeutic area, the company has developed the Catalys Precision Laser System to transform existing standards of care in cataract surgery. The company has also developed and commercialized the PASCAL Method of retinal photocoagulation, which was acquired by Topcon Corp. in August 2010.In August 2013, OptiMedica was acquired by Abbott Laboratories. The valuation of OptiMedica was $250 million. Other terms of the deal were not released.

OptiMedica Headquarter Location

1310 Moffett Park Drive

Sunnyvale, California, 94089,

United States

408-850-8600

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Expert Collections containing OptiMedica

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OptiMedica is included in 1 Expert Collection, including Medical Devices.

M

Medical Devices

3,088 items

Companies that have been granted at least 1 510(k) by the FDA since 2014. Companies tagged as #FDA510(K)

OptiMedica Patents

OptiMedica has filed 178 patents.

The 3 most popular patent topics include:

  • Ophthalmology
  • Eye surgery
  • Vision
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/16/2019

6/7/2022

Ophthalmology, Eye surgery, Vision, Diseases of the eye and adnexa, Medical equipment

Grant

Application Date

5/16/2019

Grant Date

6/7/2022

Title

Related Topics

Ophthalmology, Eye surgery, Vision, Diseases of the eye and adnexa, Medical equipment

Status

Grant

Latest OptiMedica News

Cataract Surgery Devices And Equipment Global Market Report 2022

May 16, 2022

2022" - https://www.reportlinker.com/p06277184/?utm_source=GNW , NIDEK Co. Ltd., STAAR Surgical Company, and Johnson & Johnson. The global cataract surgery devices and equipment market is expected to grow from $5.95 billion in 2021 to $6.58 billion in 2022 at a compound annual growth rate (CAGR) of 10.6%. The market is expected to grow to $9.13 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%. The cataract surgery devices and equipment market consist of sales of cataract surgery devices and equipment and related services. Cataract surgery devices and equipment include instruments used for performing cataract surgeries such as small incision cataract surgery and extracapsular surgery in the treatment of cataracts, a condition in which the lens of the eye becomes progressively opaque, resulting in blurred vision. The main types of cataract surgery devices and equipment are intraocular lens (IOL), ophthalmic viscoelastic device (OVD), phacoemulsification equipment, and femtosecond laser equipment.An ophthalmic viscoelastic device (OVD) is used for performing cataract surgeries. The cataract surgery devices and equipment are used for various surgery types such as extracapsular cataract extraction, phacoemulsification, femtosecond laser, and others. These are used by end-users such as ophthalmology centers, hospitals, and clinics. North America was the largest region in the cataract surgery devices and equipment market in 2021.Asia Pacific was the second-largest region in cataract surgery devices and equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The major growth driver for this industry has been the global aging population.In 2019, there were 703 million persons aged 65 years or over in the global population. This number is projected to double to 1.5 billion in 2050. The cases of cataracts in the geriatric population are also expected to increase in the same proportion. According to World Health Organization, the number of cataract cases is expected to increase by 78% by 2050 in the U.S. alone. This presents a huge market for cataract surgery equipment manufacturers shortly by expanding the customer base due to the fast-growing geriatric population. For instance, the population of China is getting older faster than anywhere else in the world, this presents a huge market for the cataract surgery device manufacturers in China. The major challenge that is faced by this industry is the low level of awareness about eye disorders, especially cataracts.Many people do not have proper knowledge about the symptoms of cataracts and do not get the treatment done. This leads to potential revenue loss for the cataract surgery device manufacturers because of the low number of end-users. For example, as per a study done by NCBI, out of 1552 respondents, 89.9% had heard of cataracts but only 42% were aware of any symptom of cataracts, low awareness of cataract symptoms acts as a major restraint for the cataract surgery equipment industry. The cataract surgery devices and equipment industry has witnessed many positive changes introduced by the market players, the most prominent one being the introduction of laser technology.Laser-assisted cataract surgery is used to gather information about the lens, to make the corneal incision, and for the opening in the lens capsule. The advent of laser technology has caused a significant impact on this industry by bringing in new levels of safety and accuracy and advancing cataract surgery.Femtosecond laser platforms have significantly contributed to the precision of cataract surgeries being performed and may soon surpass the traditional hand-held surgeries. For example, Abbott laboratories which lacked this technology, acquired Optimedica for $250 million to enter the laser cataract surgery devices market after witnessing the huge demand and benefits of laser technology. The ophthalmology and medical equipment industry are subject to numerous stringent regulations and the cataract surgery device equipment manufacturers are no exception. These manufacturers need to comply with several regulations of which the European Medical Device Directives and the U.S. Health Care Compliance is the most prominent one. The European Medical Device Directive requires a manufacturer to meet the harmonized standards for placing their devices in the European market. Similarly the U.S. Health Care Compliance has laid down certain guidelines related to standards of business conduct to be followed by the Pharmaceutical manufacturers. The Medicines and Healthcare products Regulatory Agency (MHRA), which regulates the safety of medical devices in the UK, has issued an urgent notice to Carl Zeiss Meditec, for voluntarily recalling a small batch of its intraocular lenses (IOL). The recall was initiated after the manufacturer detected mislabelling of its IOL, Aaren Scientific EC-3 hydrophobic lens with the wrong dioptric power. Therefore, the manufacturers need to comply strictly with the correct labeling of dioptric power on the IOLs. In March 2019, Alcon, a company manufacturing cataract surgery devices acquired PowerVision for a deal amount of $285 million.This acquisition, will implement the growth of the advanced technologies of intraocular lenses and also help the patients with their needs regarding cataract surgery. Power vision, a US-based company, is a medical device company operating in cataract surgical devices. The countries covered in the cataract surgery devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia.

  • When was OptiMedica founded?

    OptiMedica was founded in 2004.

  • Where is OptiMedica's headquarters?

    OptiMedica's headquarters is located at 1310 Moffett Park Drive, Sunnyvale.

  • What is OptiMedica's latest funding round?

    OptiMedica's latest funding round is Acquired.

  • How much did OptiMedica raise?

    OptiMedica raised a total of $92.96M.

  • Who are the investors of OptiMedica?

    Investors of OptiMedica include Abbott, Alloy Ventures, Kleiner Perkins Caufield & Byers, DAG Ventures, BlackRock and 8 more.

  • Who are OptiMedica's competitors?

    Competitors of OptiMedica include Cornerstone Pharmaceuticals, Esperance Pharmaceuticals, Aegerion Pharmaceuticals, Presidio Pharmaceuticals, Ikaria and 12 more.

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