Ophthalmology’s Future: Eyecelerator @ AAO 2021
By PETER SONNENREICH and JANICE ZOELLER
The ophthalmology market is healthy, having largely recovered from the impact of COVID, according to data presented by Kristen Harmon Ingenito, MBA, VP and Director of Ophthalmics at Market Scope. Ingenito presented an overview of the global market for ophthalmology at Eyecelerator @ AAO 2021 on November 11th in New Orleans. The three largest sectors are: retina pharma, dry eye pharma, and glaucoma pharma.
Market Scope estimates that the ophthalmology market is worth $44 billion globally in manufacturers’ revenues for 2021. Combined annual growth rate from 2019 to 2024 is 5.8% for all of ophthalmology.
During a presentation by Gil Kliman, MD, Managing Partner at InterWest Partners and Eyecelerator program director, one slide got everyone’s attention (see graph below).
Eyecelerator, is a partnership between ASCRS (American Society of Cataract and Refractive Surgery) and the American Academy of Ophthalmology to connect entrepreneurs, investors, businesses and ophthalmologists to accelerate ophthalmic innovation and improve patient outcomes. For more information, visit https://eyecelerator.com.
ASCRS is an international educational society with ophthalmic surgeons at every career stage. Its mission is to empower anterior segment surgeons to improve the vision, outcomes and quality of life for their patients through innovative approaches to education, advocacy and philanthropy. For more information, visit ascrs.org.
About the American Academy of Ophthalmology
The Academy is the world’s largest association of eye physicians and surgeons. A global community of 32,000 medical doctors, it protects sight and empowers lives by setting the standards for ophthalmic education and advocating for its patients and the public. The Academy innovates to advance the profession and to ensure the delivery of the highest-quality eye care. Through its EyeSmart® articles on AAO.org, the Academy provides the public with the most trusted information about eye health. For more information, visit aao.org.