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Staar Surgical Co (NASDAQ: STAA) is a prominent player in the ophthalmic surgery market, with over three decades of experience. The company specializes in the development, manufacture, and marketing of implantable lenses and accompanying delivery systems for the eye. Staar Surgical's flagship product line includes the EVO Visian Implantable Collamer® Lenses (ICLs), which are used to treat a variety of visual disorders such as myopia, hyperopia, astigmatism, and presbyopia.
These lenses are designed to provide visual freedom to patients, significantly reducing or eliminating their reliance on glasses or contact lenses. The EVO Visian ICLs are foldable, allowing for a minimally invasive procedure where the lens is inserted through a small incision. This innovative approach not only enhances surgical outcomes but also minimizes recovery time for patients.
To date, nearly 600,000 EVO Visian ICLs have been implanted worldwide, showcasing the trust and effectiveness of Staar Surgical's products. Additionally, the company offers minimally invasive intraocular lenses (IOLs) geared towards cataract surgery. These include foldable IOLs and aspheric IOLs that deliver a clearer image compared to traditional spherical lenses.
Staar Surgical's commitment to advancing ophthalmic technology is evident in its continuous efforts to improve product offerings and expand its market reach. The company has formed strategic partnerships and collaborations to bolster its research and development initiatives, ensuring the delivery of cutting-edge solutions in eye care.
Financially, Staar Surgical has shown consistent growth, with the majority of its revenue generated from the ophthalmic surgical product segment. The company's focus remains on innovation and quality, driving its mission to enhance vision care globally.
FAQ
What is the current stock price of Staar Surg (STAA)?
The current stock price of Staar Surg (STAA) is $17.5 as of February 28, 2025.
What is the market cap of Staar Surg (STAA)?
The market cap of Staar Surg (STAA) is approximately 872.6M.
What does Staar Surgical Co specialize in?
Staar Surgical Co specializes in developing, manufacturing, and marketing implantable lenses and delivery systems for ophthalmic surgeries.
What are EVO Visian Implantable Collamer Lenses (ICLs)?
EVO Visian ICLs are lenses used to treat visual disorders like myopia, hyperopia, astigmatism, and presbyopia, offering visual freedom by reducing reliance on glasses or contact lenses.
How many EVO Visian ICLs have been implanted to date?
Nearly 600,000 EVO Visian ICLs have been implanted worldwide.
What are the main types of products offered by Staar Surgical Co?
Staar Surgical Co offers two primary product types: Implantable Collamer Lenses (ICLs) for refractive surgery and intraocular lenses (IOLs) for cataract surgery.
What are the benefits of Staar Surgical's foldable lenses?
The foldable nature of Staar Surgical's lenses allows for minimally invasive procedures, enabling insertion through a small incision and reducing recovery time.
What financial segment contributes most to Staar Surgical's revenue?
The majority of Staar Surgical's revenue comes from the ophthalmic surgical product segment.
What innovations have Staar Surgical introduced in cataract surgery?
Staar Surgical offers minimally invasive intraocular lenses, including foldable IOLs and aspheric IOLs, which provide clearer images than traditional spherical lenses.
How does Staar Surgical ensure the quality of its products?
Staar Surgical focuses on continuous innovation, strategic partnerships, and rigorous research and development to maintain high-quality product offerings.
What are the core markets for Staar Surgical's products?
Staar Surgical's products primarily serve the refractive surgery market with its ICLs and the cataract surgery market with its IOLs.
What are some recent achievements of Staar Surgical?
Recent achievements include the global implantation of nearly 600,000 EVO Visian ICLs and advancements in minimally invasive cataract surgery lenses.