STAAR Surgical Company Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

STAAR Surgical Company Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between STAAR Surgical Company and its competitors. This provides our Clients with a clear understanding of STAAR Surgical Company position in the Healthcare Equipment and Supplies Industry.

• The report contains detailed information about STAAR Surgical Company that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for STAAR Surgical Company. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The STAAR Surgical Company financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes STAAR Surgical Company competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of STAAR Surgical Company business.

About STAAR Surgical Company

STAAR Surgical Company engages in the design, development, manufacture, and sale of implantable lenses for the eye. The company makes lenses both for use in surgery that treats cataracts, and for use in corrective or ‘refractive’ surgery.

All of the lenses the company makes are foldable, which permits the surgeon to insert them through a small incision in minimally invasive surgery. The company refers to its lenses used in refractive surgery as ‘implantable Collamer lenses’ or ‘ICLs’.

Principal Products

Minimally Invasive Intraocular Lenses (IOLs): The company produces and markets a line of foldable IOLs for use in minimally invasive cataract surgical procedures. Its IOLs can be implanted into the eye through an incision less than 3mm in length, and for one model as small as 2.2 mm. Once inserted, the IOL unfolds naturally to replace the cataractous lens.

The company also markets foldable IOLs packaged in a preloaded delivery system with an independently sourced acrylic lens in various markets outside the U.S. During 2009, STAAR introduced the nanoFLEX IOL, which has NTIOL approval and can be delivered through a 2.2 mm micro-incision using STAAR’s new nanoPOINT Injection System.

The company has developed and markets, principally in the U.S., the Toric IOL, a toric version of single-piece silicone IOL, which is specifically designed for cataract patients who also have pre-existing astigmatism.

STAAR Japan introduced the Preloaded Injector in international markets in 2003. The Preloaded Injector is a silicone or acrylic IOL packaged and shipped in a pre-sterilized, disposable injector ready for use in cataract surgery. In 2006, STAAR Japan began selling in Japan an acrylic-lens-based Preloaded Injector employing a lens supplied by Nidek Inc., a Japanese ophthalmic company. The acrylic Preloaded Injector is sold in Europe and other Asian countries. Nidek also assembles and sells the acrylic Preloaded Injector under its own brand, using injector parts purchased from STAAR Japan. STAAR Japan’s agreement with Nidek provides for the sale of the acrylic Preloaded Injector in additional territories by mutual agreement of the two companies.

Visian ICL (ICLs): ICLs are implanted into the eye in order to correct refractive disorders such as myopia, hyperopia and astigmatism. The ICL is capable of correcting refractive errors over a wide range. The ICL is available for myopia in the United States in four lengths and 27 powers for each length, and internationally in four lengths, with 41 powers for each length, and outside the U.S. the HICL for hyperopia is available in four lengths, with 37 powers for each length, which equates to 420 inventoried parts.

Other Surgical Products

The company also sells other related instruments, devices, surgical packs and equipment that it manufactures or that are manufactured by others.

German Distribution Business

During the year 2009, STAAR owned Domilens, a German ophthalmic distribution company. Domilens principally resells and services products manufactured by third parties, along with STAAR’s ICLs and Preloaded Injectors.

Customers

The company markets products to a variety of health care providers, including surgical centers, hospitals, managed care providers, health maintenance organizations, group purchasing organizations, and government facilities. The primary user of its products is the ophthalmologist.

Competition

The company competes with Alcon Laboratories; Abbott Medical Optics; and Bausch & Lomb. Primary competitors in the development and sale of products used to surgically correct cataracts, specifically foldable IOLs, include Alcon, Abbott and Bausch & Lomb.

Competition

STAAR Surgical Company was founded in 1982.