A global data and analytics company has valued the 2020 intraocular lens (IOL) market at US$3.5 billion (AU$4.5 b), however the current resurgence in cataract procedures won’t offset COVID-19 revenue losses until 2022. Read more
New data shows iTrack efficacy as both standalone and combined MIGS procedure
Nova Eye Medical has published two-year data for its iTrack ab-interno canaloplasty procedure, which it says showed an average reduction in mean intraocular pressure (IOP) of 30%, irrespective of whether it was performed standalone or with cataract surgery. Read more
Haag-Streit myopia device arrives in Australia
Haag-Streit’s new myopia management platform Lenstar Myopia is now available in Australia through distributor Device Technologies. Read more
Property investment webinar for health professionals
A free webinar next month will delve into property investment for health professionals, including advice on accessing government funds for investment properties, tax benefits, and legislative changes on stamp duty. Read more
National Optical Care unveils subscription business model for independents
National Optical Care (NOC) will next month be launching a new division of its business that offers independent optometry practices new subscription-based buying group and managed services opportunities. Read more
Ellex-Quantel Medical merger takes shape
The parent company of newly acquired ophthalmic device manufacturer Ellex has announced the appointment of a new CEO, with the entity officially taking over the distribution of Quantel Medical equipment in Australia this month. Read more
MIDO postponed until 2022
Organisers of Milan’s eyewear trade show MIDO have announced this year’s event will run in an online format, with the in-person edition not to take place until early 2022. Read more
Rodenstock sale going ahead with Apax acquisition
Funds advised by global private equity advisory firm Apax are set to acquire ophthalmic lens manufacturer Rodenstock Group in a deal reported to be worth AU$2.3 billion. Read more
European Commission clears EssilorLuxottica’s GrandVision takeover, 350 stores to be divested
The European competition watchdog has cleared EssilorLuxottica’s acquisition of Europe’s largest retail optical chain GrandVision, on the condition that around 350 stores are divested across three countries. Read more
Safilo introducing two new sustainable materials from 2022
Safilo has announced it will begin incorporating two new sustainable materials containing recycled content into its eyewear collections, beginning with its proprietary brand Polaroid. Read more