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Market & Industry Briefs

Brief summaries of recent medtech market and industry developments. This month we cover refractive surgery highlights from AAO, Novartis' takeover of Alcon, and DOJ's increased interest in device manufacturing and safety issues.

The laser vision correction (LVC) market suffered its second straight year of significant procedure volume declines in 2009, with US procedure volume of about 850,000, down roughly 40% from 1.4 million in 2007. (See "ESCRS 2009: The Next Wave in Cataract and Presbyopia Devices," Medtech Insight, October 2009 Also see "ESCRS 2009: The Next Wave in Cataract and Presbyopia Devices" - Medtech Insight, 1 October, 2009..) At the American Academy of Opthalmology's (AAO) 2009 pre-meeting Refractive Surgery Subspecialty Day, Richard J. Duffey, MD, a cornea, cataract, and refractive surgery specialist at Premier Medical Eye Group, presented results of the 2009 annual survey of members of the International Society of Refractive Surgery (ISRS) that indicated a 15% procedure volume decline in 2009 versus 2008 among US members. Industry expectations call for modest LVC procedure growth in 2010.

Against this backdrop, Alcon Inc. (a division of Nestle SA, which is currently the subject of a takeover deal from Novartis AG—see below) appears to be making...

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