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Ophthalmic Sutures Market Detailed Analysis of Current Industry Figures with Forecasts Growth By 2025

Growing number of diabetic patients & launch of innovative products to expand ophthalmic sutures market size through 2025. Ophthalmic Sutures Market Size By Type (Natural, Synthetic), By Absorption (Absorbable, Non-absorbable), By Application (Corneal Transplantation Surgery

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The increasing prevalence of eye diseases has been stimulating the growth prospects of ophthalmic sutures market over the recent years. The growing number of diseases like neuromyelitis optica, diabetes, cataract, etc., along with increasing geriatric populace is leading to a spurt in ophthalmic surgeries. Increasing adoption of robotic surgery for eye operations is also helping ophthalmic sutures market size to expand.

One of the leading drivers of ophthalmic suture industry is growing number of diabetic patients. In 2017, nearly 425 million of the world’s population reportedly had diabetes, out of which 327 million were aged between 20-64 years and 98 million were aged between 65-79 years. Diabetes causes various visual impairments like diabetic retinopathy, age-related macular degeneration (AMD), diabetic macular edema (DME), cataract, glaucoma etc. which can result into severe vision loss or blindness. The number of diabetic patients has been predicted to rise and reach to 629 million till 2045 in the world.

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Among all the diabetic vision impairments, AMD single handedly accounts for 54 percent of all blindness among white Americans. Around 2.9 million Americans aged more than 40 years are projected to suffer from AMD, leading to increase in ophthalmic surgeries. Blindness or low vision has affected 3.3 million Americans age 40 and will reach to 5.5 million by the year 2020. In the year 2018, North America accounted for more than 35 percent revenue share of ophthalmic sutures market and is predicted to increase exponentially in the times to come.

A rather prevalent eye disease caused due to diabetes is diabetic retinopathy which affects people in the age group of 20 to 74. During the first two decades of disease, nearly all patients with type 1 diabetes and more than 60 percent of patients with type 2 diabetes have retinopathy. In the Wisconsin Epidemiologic Study of Diabetic Retinopathy (WESDR), it has been noted that 3.6 percent of younger-onset patients (type 1 diabetes) and 1.6 percent of older-onset patients (type 2 diabetes) were legally blind. In the younger-onset group, 86 percent of blindness was attributable to diabetic retinopathy.

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In the older-onset group, in which other eye diseases were common, one-third of the cases of legal blindness were caused due to diabetic retinopathy. Surgical treatment is recommended to cure diabetic retinopathy and many new techniques to perform surgeries are also being developed, which would create a favorable growth environment for ophthalmic sutures industry.

One of the major causes of blindness is cataract which is estimated to cause bilateral blindness in 20 million people globally. Developing countries have been reported to contribute around 50 percent to 90 percent of blindness caused by cataract. Many such surgeries use ophthalmic suture needles – a factor that would contribute to the growth of ophthalmic suture market.

Speaking about the ophthalmic suture manufacturers, Surgical Specialties Corporation (SSC), a global producer of ophthalmic suture needles and equipment, has reportedly launched Caliber Ophthalmics, its latest business division. Caliber Ophthalmics combines Sharpoint™ brand of SSC, which has gained a trusted status serving ophthalmic surgeons for more than 50 years. With its two recent ophthalmic acquisitions, VPM Surgical, Inc. and Unique Technologies, Inc., the Caliber Ophthalmics has been created to focus on the growing needs of ophthalmic customers around the world and accelerate the technological advancements in eye care.

A significant instance of a renowned ophthalmic suture manufacturer which has focused on acquisitions is that of Johnson and Johnson. The company recently acquired Abbott Medical Optics for $4.325 billion. The deal will include ophthalmic products in three areas of patient care: consumer eye health, cataract surgery and laser refractive surgery. These product ranges would now join the globally renowned ACUVUE® Brand Contact Lenses business and the combined organization will operate under the brand name Johnson & Johnson Vision (J&J Vision). At nearly $70 billion, eye health is one of most underserved segments in healthcare sector today – a statistic which reinforces the positive growth outlook for ophthalmic sutures market.

Driven by increasing number of patients with vision impairments, rise in cataract surgeries, and companies expanding their portfolio with innovative products, the overall ophthalmic sutures industry share is set to grow exponentially in the forthcoming years. According to a research report, the remuneration scale of ophthalmic sutures market is predicted to exceed USD 443.5 million by the year 2025.

Report Content

Chapter 1.Methodology

1.1. Methodology

1.2. Market definitions

1.3. Forecast parameters

1.4. Data sources

1.4.1.Secondary

1.4.1.1. Paid sources

1.4.1.2. Unpaid sources

1.4.2.Primary

Chapter 2.Executive Summary

2.1. Ophthalmic suturesindustry 3600 synopsis, 2014 – 2025

2.1.1.Business trends

2.1.2.Type trends

2.1.3.Absorption trends

2.1.4.Application trends

2.1.5.End-use trends

2.1.6.Regional trends

Chapter 3.Ophthalmic SuturesIndustry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025

3.3. Industry impact forces

3.3.1.Growth drivers

3.3.1.1. Increasing incidence of eye diseases in developed as well as developing countries

3.3.1.2. Rising elderly population globally

3.3.1.3. Growing prevalence of diabetes leading to ophthalmic disorders in Asia Pacific and Europe

3.3.1.4. Technological advancement in ophthalmic sutures in North America

3.3.2.Industry pitfalls & challenges

3.3.2.1. Postoperative complications associated with ophthalmic sutures

3.3.2.2. Availability of alternatives

3.3.2.3. Dearth of trained ophthalmologists in developing and underdeveloped countries

3.4. Growth potential analysis

3.4.1.By type

3.4.2.By absorption

3.4.3.By application

3.4.4.By end-use

3.5. Porter’s analysis

3.6. Competitive landscape, 2018

3.6.1.Strategy dashboard

3.7. PESTEL analysis

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Alibaba Cloud Further Facilitates Digital Transformation Acceleration across Asia in the Year of the Pandemic

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Global cloud leader supports businesses with advanced technology and talent development

HANGZHOU, China, Jan. 27, 2021 /PRNewswire/ — Alibaba Cloud, the digital technologies and intelligence backbone of Alibaba Group, has continued to support a growing number of enterprises across Asia with their accelerated digital transformation progress to meet pandemic-imposed challenges in 2020. Further to the essential cloud-based technologies, Alibaba Cloud has also provided extensive talent development support to enterprises during the pandemic, in an effort to close the gap between talent supply and demand.

Alibaba Cloud Logo

“In the face of challenges imposed by the pandemic, Alibaba Cloud is committed to supporting more businesses with their digital transformation requirements. Throughout 2020, we continued to support enterprises in Asia build up their digital ability and ensure business continuity in regions that were hard-hit by the pandemic,” said Selina Yuan, President of International Business, Alibaba Cloud Intelligence. “We believe that digital transformation is not only about the technology, but also the human resources. In view of this, we will continue to work with universities, incubators and partners to roll out more digital training programs across Asia in 2021 and beyond. We hope to help nurture more talent equipped with knowledge and expertise ranging from cloud-based technology, artificial intelligence, data analytics, and ultimately, support the digital transformation needs of various businesses across the markets.”

Customer digital transformation growth

A diverse base of customers across the region leveraged cloud to foster their digital transformation progress and business efficiency in 2020, and these include:

PrestoMall, Malaysia's largest homegrown e-commerce platform adopted Alibaba Cloud's PolarDB, a cloud-native relational database to power its next phase of growth while maintaining cost efficiency, witnessing over 40% cost reduction after the data migration according to the company. Following the successful database migration in the beginning of 2020, PrestoMall has since moved its entire IT system to Alibaba Cloud.

In Japan, enish, a game company, leveraged Alibaba Cloud's gaming solution starting from 2020 with products ranging from its Container Service for Kubernetes, cloud-native database PolarDB, log service, and Server Migration Center to its corporate communications platform DingTalk for communications between offices. As a result, the average data processing time reduced 50% while the server cost reduced 30%. Now enish can build a test environment for its new game in only half of the time, compared to 20 days previously, and construct of a performance environment in around 7 days, a significant improvement from before the involvement with Alibaba Cloud.

More success cases and wider industry adoption of Alibaba Cloud's technology and industry solutions from finance to entertainment were also seen in other markets: Investree, leading lending platform for SMEs in Indonesia, deployed its applications on Alibaba Cloud Container Service for Kubernetes, a cloud-native container platform for complex applications; Kumu, livestreaming and entertainment platform in the Philippines, used Alibaba Cloud's Live Streaming Solutions to provide curators and viewers with rich and smooth experiences; Luen Fung Hang Insurance, a pioneer in insurance in Macau, leveraged Alibaba Cloud's hybrid cloud deployment solution and security products to ensure robust and compliant operations.

Here is what the customers are saying:

  • Mr Erwin Foo, Group Chief Technology Officer of PrestoMall said: “Due to the complexity of the e-commerce platforms, we need a reliable, robust and scalable database that can enable the growth of our dynamic business without worrying too much about the infrastructure and support needed. We are not just looking for a solution. We are looking for a long-term partner that can evolve and grow together with us.”
  • “In particular, the ability to use the cloud infrastructure in Asian regions without any problems was key for us. The cost performance of cloud is remarkable and the variety of services offered is also attractive. The excellent support system was also a big help during the development,” said Lin Tan, Technology Leader from enish
  • “By leveraging the cloud-native technology proposed by Alibaba Cloud, Investree completed the re-architecture from monolith to microservices; shortened its time of app development and deployment; reduced IT and resources expenditures and improved reliability and agility of our performance. We look forward to working more closely with Alibaba Cloud to accelerate our digital transformation down the road,” said Pak Daniel, CTO from Investree.
  • “Kumu values our user experience and therefore, we want to work with a trusted cloud service provider to enhance our digital offering,” said Andrew Pineda, Chief Architect, Kumu. “With Alibaba Cloud's strong presence in APAC and it's proven livestreaming ability powering various business scenarios such as e-commerce livestreaming during 11.11 shopping festival, we believe their expertise is sufficient to help us in building a stronger technical platform to serve our users better.”
  • Luen Fung Hang is committed to offering our customers with high-quality, secured, and constantly enhanced services. Alibaba Cloud's comprehensive solutions and cutting-edge technologies help us tackle the challenge in meeting the shifting market demands. With this partnership, we hope to modernize and accelerate our digital transformation journey, which we believe will benefit our customers in the long term,” said Alex Leong, IT Department Head from Luen Fung Hang Insurance.

Strong commitment to digital talent training

In 2020, 20,000 participants in Indonesia attended Alibaba Cloud's “Digital Talent Training Program”; In Malaysia, over 10,000 local IT professionals have joined Alibaba Cloud's online trainings. In Philippines, the company scheduled to train 50,000 and certify at least 10,000 IT professionals within the next three years starting from 2021.

Digital talent development has been a long-term commitment by Alibaba Cloud as a way to contribute to local businesses and society where it operates, through initiatives such as Alibaba Cloud Academy and Alibaba Cloud Academic Empowerment Program (AAEP). Moving ahead, the company aims to partner with more universities, incubators and non-profit organizations to equip more talents with the next-generation cloud and digital skillsets.

About Alibaba Cloud

Established in 2009, Alibaba Cloud (alibabacloud.com), the digital technology and intelligence backbone of Alibaba Group, is among the world's top three IaaS providers, according to Gartner. It is also the largest provider of public cloud services in China, according to IDC. Alibaba Cloud provides a comprehensive suite of cloud computing services to businesses worldwide, including merchants doing business on Alibaba Group marketplaces, start-ups, corporations and public services. Alibaba Cloud is the official Cloud Services Partner of the International Olympic Committee.

Media Contacts

Crystal Liu
[email protected]
+86-18578497650 / +852-6378-5626

Luica Mak
[email protected]
+44-790-547-1332

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HealthCor Catalio Acquisition Corp. Announces Pricing of Upsized $180 Million Initial Public Offering

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NEW YORK, Jan. 26, 2021 /PRNewswire/ — HealthCor Catalio Acquisition Corp. (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its upsized initial public offering of 18,000,000 Class A ordinary shares at a price of $10.00 per share. The Company's sponsor is owned by affiliates of HealthCor Management, L.P., which manages approximately $2.7 billion in assets across long/short and long only healthcare funds, and Catalio Capital Management, LP, a private equity firm that invests in breakthrough biomedical technology companies. The Company will be led by Christopher Gaulin, as Chief Executive Officer, Joe Healey, as Chairman of the Board of Directors, and George Petrocheilos, as President. The Company will be listed on the Nasdaq Capital Market and trade under the ticker symbol “HCAQ” beginning on January 27, 2021.

Jefferies LLC is serving as sole book-running manager for this offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,700,000 shares at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, New York 10022, telephone: 877-821-7388 or email: [email protected].

A registration statement relating to the securities became effective on January 26, 2021 in accordance with Section 8(a) of the Securities Act of 1933, as amended. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is expected to close on January 29, 2021, subject to customary closing conditions.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the Securities and Exchange Commission (“SEC”). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:
Investor Relations
[email protected]

Cision View original content:http://www.prnewswire.com/news-releases/healthcor-catalio-acquisition-corp-announces-pricing-of-upsized-180-million-initial-public-offering-301215767.html

SOURCE HealthCor Management, L.P.

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TIAN RUIXIANG Holdings Ltd Announces Pricing of Initial Public Offering

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BEIJING, Jan. 26, 2021 /PRNewswire/ — TIAN RUIXIANG Holdings Ltd (the “Company”), a China-based insurance broker, today announced the pricing of its initial public offering (“Offering”) of up to 3,000,000 Class A ordinary shares at a public offering price of US$4 per share. The Class A ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on January 27, 2021 under the ticker symbol “TIRX”.

The Company expects to receive aggregate gross proceeds of US$12 million from this Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 Class A ordinary shares at the public offering price. The Offering is expected to close on or about January 29, 2021, subject to the satisfaction of customary closing conditions.

Proceeds from the Offering will be used for opening up new branches; research, development and operational investment on the Company's new Internet insurance center, and general working capital.

The Offering is being conducted on a firm commitment basis. Network 1 Financial Securities, Inc. is acting as the underwriter for the Offering. Hunter Taubman Fischer & Li LLC acted as counsel to the Company, and VCL Law LLP acted as counsel to Network 1 Financial Securities, Inc. in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (“SEC”) (File Number: 333-235727) and was declared effective by the SEC on January 26, 2021. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Network 1 Financial Securities, by email at [email protected], by calling +1 (800)-886-7007 or standard mail to Network 1 Financial Securities, 2 Bridge Avenue, Suite 241 Red Bank, NJ 07701. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About TIAN RUIXIANG Holdings Ltd

TIAN RUIXIANG Holdings Ltd, headquartered in Beijing, China, is an insurance broker operating in China. It distributes a wide range of insurance products, which are categorized into two major groups: (1) property and casualty insurance, such as automobile insurance, commercial property insurance, liability insurance; and (2) life insurance, such as individual and group life insurances. For more information, visit the Company's website at http://ir.tianrx.com/.  

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company's proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.

For more information, please contact:

Sherry Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: [email protected]

Cision View original content:http://www.prnewswire.com/news-releases/tian-ruixiang-holdings-ltd-announces-pricing-of-initial-public-offering-301215764.html

SOURCE TIAN RUIXIANG Holdings Ltd

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