Activity

  • 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 get

    Opportunities

    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 year

    Threats

    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