Advanced Medical Optics, Inc. Medical Equipment Company Share Analysis - Market Research Reports

Contents:

1 3
1.1 List of Tables 11
1.2 List of Figures 12
2 Introduction 13
2.1 What Is This Report About? 13
3 Definitions of the Markets/Categories Covered 14
3.1 Ophthalmic Devices 14
3.1.1 Cataract Surgery 14
3.1.2 Refractive Surgery 14
4 Company Snapshot 15
4.1 Key Information 15
4.2 Company Overview 15
4.3 Financial Performance 15
4.4 SWOT Snapshot 15
5 Business Description 16
5.1 Business Overview 16
5.2 Cataract/Implant 16
5.2.1 Overview 16
5.2.2 Financials 16
5.2.3 Market View 16
5.2.4 Key Strategies 16
5.3 Eye Care 16
5.3.1 Overview 16
5.3.2 Financials 17
5.3.3 Market View 17
5.3.4 Key Strategies 17
5.4 Laser Vision Correction 17
5.4.1 Overview 17
5.4.2 Financials 17
5.4.3 Market View 17
5.4.4 Key Strategies 17
5.5 Major Products and Services 18
5.5.1 Overview 18
6 History 19
7 Business Strategy 21
7.1 Mission Statement 21
7.2 Strategy 21
7.3 Corporate Social Responsibility 21
7.3.1 Overview 21
8 Value Chain Analysis 23
8.1 Manufacturing 23
8.1.1 In House Manufacturing 23
8.2 Product Development 24
8.2.1 Regulatory Approvals 24
8.2.2 Clinical Trials 24
8.2.3 Research and Development 24
8.3 Sales and Marketing 24
8.3.1 Partnerships and Alliances 24
9 SWOT Analysis 25
9.1 Overview 25
9.2 Advanced Medical Optics, Inc. Strengths 25
9.2.1 Market Leader 25
9.2.2 Global Presence 26
9.2.3 Strong Research and Development Activities 26
9.2.4 Acquisitions 26
9.3 Advanced Medical Optics, Inc. Weaknesses 27
9.3.1 Recall of Eye Care Solutions 27
9.3.2 Negative Returns and Margins 27
9.3.3 Dependence on Limited Number of Suppliers 27
9.4 Advanced Medical Optics, Inc. Opportunities 27
9.4.1 New Product Launches 27
9.4.2 License Agreements 28
9.4.3 Aging Population 28
9.5 Advanced Medical Optics, Inc. Threats 28
9.5.1 Stiff Competition 28
9.5.2 Legal Proceedings 28
9.5.3 Cost Containment Pressures 29
10 Competitors 30
11 Advanced Medical Optics, Inc. Medical Equipment Market Share Analysis 31
11.1 Advanced Medical Optics, Inc., Ophthalmic Devices by Category, Global, Market Share (2007) 31
11.2 Advanced Medical Optics, Inc., Ophthalmic Devices by Category, APAC, Market Share (2007) 33
11.3 Advanced Medical Optics, Inc., Ophthalmic Devices by Category, Europe, Market Share (2007) 35
11.4 Advanced Medical Optics, Inc., Ophthalmic Devices by Category, MEA, Market Share (2007) 37
11.5 Advanced Medical Optics, Inc., Ophthalmic Devices by Category, North America, Market Share (2007) 38
11.6 Advanced Medical Optics, Inc., Ophthalmic Devices by Category, SCA, Market Share (2007) 40
12 Revenue Analysis 42
12.1 Revenue by Segment 42
12.2 Revenue by Geography 42
13 Financial and Operational Review 44
13.1 Financial Statements 44
13.2 Financial Ratios 45
14 Share Holding Structure 46
15 Key Employees 47
16 Key Employee Biographies 48
17 Company Statement 55
18 Locations And Subsidiaries 57
18.1 Head Office 57
18.2 Other Locations & Subsidiaries 57
19 Financial Deals Landscape 59
19.1 Asset Purchase 59
19.1.1 Advanced Medical Optics Acquires Surgical Ophthalmology Business from Pfizer 59
19.1.2 Alcon Cusi Sells Its Lens Manufacturing Facility to AMO Manufacturing Spain 61
19.2 Acquisition 62
19.2.1 Advanced Medical Optics Acquires Intralase 62
19.2.2 Advanced Medical Optics Acquires Wavefront Sciences 64
19.2.3 Advanced Medical Optics Acquires VISX 66
19.3 Venture Financing 68
19.3.1 Optobionics Secures $5 Million in Series D-1 Financing 68
19.4 Debt Offerings 69
19.4.1 Advanced Medical Optics Completes Private Placement of $250 Million 69
19.4.2 Advanced Medical Optics Completes Private Placement of $500 Million 71
19.4.3 Advanced Medical Optics Completes Private Placement of $150 Million 73
19.4.4 Advanced Medical Optics Completes Private Placement of $350 Million 74
19.4.5 Advanced Medical Optics Completes $140 Million Convertible Senior Subordinated Notes Offering 76
19.4.6 Advanced Medical Optics and Alcon Enter Into Cross-Licensing Agreement 78
19.4.7 Advanced Medical Optics Enters Into Licensing Agreement with Bausch & Lomb 79
19.4.8 Advanced Medical Optics Signs an Agreement With Carl Zeiss Meditec 80
19.4.9 Advanced Medical Optics, Inc. And OPHTEC USA Form Partnership 82
19.4.10 Advanced Medical Optics Signs an Agreement With Quest Vision Technologies 83
19.4.11 Advanced Medical Optics and OPHTEC BV Form Partnership 84
19.4.12 Advanced Medical Optics and Optikon Form Partnership 86
20 Recent Developments 88
20.1 Strategy and Business Planning 88
20.1.1 Jun 16, 2008: AMO Announces Collaboration with IER 88
20.1.2 Jul 23, 2007: AMO Set To Re-Enter Multipurpose Solution Market 88
20.2 Product Announcements 88
20.2.1 May 22, 2008 FDA Approves AMO’s iFS Advanced Femtosecond Laser For LASIK Surgery 88
20.2.2 Apr 01, 2008 Advanced Medical Optics Introduces TECNIS 1-Piece Intraocular Lens In United States 89
20.2.3 Jan 24, 2008 Fulfilling the IOL Injector Wish List 90
20.2.4 Jan 24, 2008 Fulfilling the IOL Injector Wish List 90
20.2.5 Sep 27, 2007 A New Way to Insert the Sensar With OptiEdge 91
20.2.6 Sep 27, 2007 The Emerald Unfolder system facilitates and improves insertion of the lens in numerous ways 91
20.2.7 Sep 27, 2007 The Emerald Unfolder system facilitates and improves insertion of the lens in numerous ways 92
20.2.8 Sep 21, 2007 NASA Approves Advanced Lasik for Use on Astronauts 92
20.2.9 Sep 10, 2007 TECNIS 1-Piece IOL, TECNIS Multifocal Acrylic IOL, and WhiteStar Signature(TM) Phacoemulsification System Expand AMOs European Portfolio of Advanced Refractive Technologies 92
20.2.10 Aug 29, 2007 VISX STAR S4 IR Excimer Laser System New Exclusive Iris Registration Technology 93
20.2.11 May 30, 2007 New one-piece Sensar IOL shows 1-year efficacy 93
20.2.12 May 25, 2007 AMO Announces Voluntary Recall of Complete® MoisturePlus Multipurpose Solution 93
20.2.13 Mar 01, 2007 Baerveldt glaucoma implant insertion in the posterior chamber sulcus 94
20.2.14 Jan 03, 2007 Advanced Medical Optics Updates Possible Timing For US Launch Of Tecnis Multifocal Intraocular Lens 94
20.2.15 Dec 22, 2006 Preparation and evaluation of a lubricious treated cartridge used for implantation of intraocular lenses 94
20.2.16 Dec 22, 2006 Preparation and evaluation of a lubricious treated cartridge used for implantation of intraocular lenses 95
20.2.17 Sep 10, 2006 Advanced Medical Optics Launches Enhanced TECNIS(R) Silicone IOL 95
20.2.18 Sep 09, 2006 Advanced Medical Optics, Inc. (AMO) (NYSE:EYE), a global ophthalmic surgical and eye care products company, announced today from the XXIV Congress of the European Society of Cataract and Refractive Surgeons (ESCRS) the launch of the TECNIS(R) CL intr 96
20.2.19 Mar 01, 2006 Continuum of Care:The Capsular Tension Ring 96
20.2.20 Sep 19, 2005 Healon in retinal detachment with proliferative vitreoretinopathy 97
20.2.21 May 03, 2005 New “Custom” LASIK Individualizes Vision Correction Study Shows Better Quality Results of Wavefront-guided LASIK 97
20.2.22 Nov 04, 2004 Comparison of vitreous replacement with Healon® and with HPMC in rabbits eyes 97
20.2.23 Sep 13, 2004 AMO Announce FDA Approval of the ARTISAN® / Verisyse™ Phakic Intraocular Lens 97
20.2.24 Sep 09, 2004 The Importance of TBUT in Contact Lens Wearers 98
20.2.25 Jun 24, 2004 AMO Introduces blink Contacts, the Next Generation of Lubricating Eye Drops for Contact Lens Wearers - at the American Optometric Associations 107th Annual Congress 98
20.2.26 Jun 24, 2004 AMO Introduces blink-TM- Contacts - the Next Generation of Lubricating Eye Drops for Contact Lens Wearers - at the American Optometric Associations 107th Annual Congress. 99
20.2.27 May 24, 2004 OPHTEC ANNOUNCES DEVELOPMENT, MARKETING AND DISTRIBUTION AGREEMENT WITH ADVANCED MEDICAL OPTICS FOR A FOLDABLE PHAKIC INTRAOCULAR LENS 99
20.2.28 May 03, 2004 Advanced Medical Optics Announces Licensing Agreement With Quest Vision To Develop Accommodating IOL 99
20.2.29 May 01, 2004 Silicone IOLs low-diopter range serves highly myopic patients 99
20.2.30 Apr 28, 2004 Advanced Medical Optics and OPHTEC USA Announce FDA Approval of the StabilEyes Capsul 100
20.2.31 Aug 18, 2003 Newest and Most Innovative Eye Care Product With Unique Formulation Helps Prevent Dryness and Supports Ocular Health 100
20.2.32 May 23, 1997 In vitro Staphylococcus epidermidis Growth in Some Viscoelastic Substances Containing Sodium Hyaluronate 100
20.2.33 Jul 23, 2007: AMO Set To Re-Enter Multipurpose Solution Market 101
20.3 Financial Announcements 101
20.3.1 Aug 04, 2008: AMO Reports 2Q 2008 Results 101
20.3.2 May 01, 2008: AMO Declares Q1 2008 Results 103
20.3.3 Apr 03, 2008: AMO To Declare Q1 2008 Results 106
20.3.4 Feb 14, 2008: Advanced Medical Declares Q4 2007 Results 106
20.3.5 Oct 25, 2007: AMO Declares Q3 2007 Results 108
20.3.6 Aug 02, 2007: AMO Declares Q2 2007 Results 110
20.3.7 Jun 26, 2007: AMO Revises Financial Guidance 2007 And 2008 112
20.3.8 Apr 25, 2007: AMO Declares Q1 2007 Results 113
20.3.9 Feb 13, 2007: AMO Declares Q4 2006 Results 116
20.3.10 Oct 26, 2006: AMO Declares Q3 2006 Results 117
20.3.11 Sep 25, 2006: AMO Lowers 2006 EPS, Revenue Guidance 118
20.3.12 Aug 01, 2006: AMO Declares Q2 2006 Results 119
20.3.13 Jun 08, 2006: AMO Increases 2006, 2007 EPS Guidance 120
20.4 Other Significant Developments 121
20.4.1 Dec 05, 2007: AMO Elects Board Members 121
20.4.2 Nov 19, 2007: AMO Appoints New President 121
20.4.3 Oct 09, 2007: AMO Appoints CFO 121
20.4.4 Aug 27, 2007: AMO Appoints Vice President, Global Regulatory Affairs 121
20.4.5 May 22, 2007: AMO Adds New Board Member 121
20.4.6 Jul 10, 2006: AMO Announces Patent Infringement Settlement With Alcon 122
20.4.7 May 25, 2006: AMO Appoints Chairman 122
21 Advanced Medical Optics, Inc. Pipeline Products 123
21.1 Sensar Hydrophobic Foldable Intraocular Lenses 123
21.1.1 Product Overview 123
21.1.2 Product Description 123
21.1.3 Product Status 123
21.1.4 Clinical Trials 123
21.2 Presbyopic LASIK multi-focal 124
21.2.1 Product Overview 124
21.2.2 Product Description 124
21.2.3 Product Status 125
21.3 Quest Accommodating Intraocular Lens 125
21.3.1 Product Overview 125
21.3.2 Product Description 125
21.3.3 Product Status 125
21.3.4 Product Milestone 125
22 Appendix 127
22.1 Global Markets Direct Research Methodology 127
22.2 Coverage 128
22.3 Secondary Research 128
22.4 Primary Research 129
22.5 Models 129
22.6 Forecasts 130
22.7 Expert Panels 130
22.8 Market Revenue Chapters 130
22.8.1 Abbreviations 130
22.8.2 Currency Conversions 131
22.9 About us132
22.10 Contact Us 132
22.11 Disclaimer 132

Executive Summary

1.2 List of Figures
Figure 1: Advanced Medical Optics, Inc., Value Chain Analysis 23
Figure 2: Advanced Medical Optics, Inc. Ophthalmic Devices by Category, Global, Share of Market (%), 2007 31
Figure 3: Advanced Medical Optics, Inc. Ophthalmic Devices by Category, Global, Share of Market (%), 2007 32
Figure 4: Advanced Medical Optics, Inc. Ophthalmic Devices by Category, APAC, Share of Market (%), 2007 33
Figure 5: Advanced Medical Optics, Inc. Ophthalmic Devices by Category, APAC, Share of Market (%), 2007 34
Figure 6: Advanced Medical Optics, Inc. Ophthalmic Devices by Category, Europe, Share of Market (%), 2007 35
Figure 7: Advanced Medical Optics, Inc. Refractive Surgery by Geography, Europe, Revenue ($ mn) and Market Share (%), 2007 36
Figure 8: Advanced Medical Optics, Inc. Ophthalmic Devices by Category, North America, Share of Market (%), 2006 38
Figure 9: Advanced Medical Optics, Inc. Refractive Surgery by Geography, North America, Revenue ($ mn) and Market Share (%), 2007 39
Figure 10: Advanced Medical Optics, Inc. Ophthalmic Devices by Category, SCA, Share of Market (%), 2006 40
Figure 11: Advanced Medical Optics, Inc. Refractive Surgery by Geography, SCA, Revenue ($ mn) and Market Share (%), 2007 41
Figure 12: Global Markets Direct Methodology 127