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lianhuajin replied to the topic Medical Device SWOT Analysis in the forum Marketing and Sales 7 years, 5 months ago
I select a company that design ophthalmological surgical tools, the name is NovOculi. NovOculi employs a method involving iontophoresis, an ionic dye, and a wavelength-specific laser to accomplish effective refraction without the troublesome destruction of epithelium.
Strengths
Patented technology: they have patents on Non Invasive Corneal Sculpting and two novel devices.
FDA approval
Principal expertise: their principal have extensive experience with refractive correction techniques.Weaknesses
Lack of funding: they need equity investments for funding the first two years of operation
High costs: the refractive laser required for NICs procedures is expensive and not easy to getOpportunities
Untapped market: Only 0.6% of the available market has had laser refractive surgery
Fast growth: The demand for laser refractive surgery has been doubling each yearThreats
Competition: External visual aids and non surgical procedures are strong competitors to the market
price erosion: The premium they can charge is based on the price of exiting surgery options