Abbott Medical Optics
Abbott Medical Optics is a division of Abbott Laboratories that develops and sells the Verisyse phakic intraocular lens and adjacent ophthalmic products for patients with refractive errors, contact lens wearers, and dry-eye sufferers, holding roughly 56% global share in its core IOL segment.
- Company typePrivate
- Founded1976
- HeadquartersLucerne Valley, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Abbott Medical Optics does
Abbott Medical Optics is an operating division of Abbott Laboratories (NYSE: ABT) that develops and commercializes ophthalmic medical devices, with a core franchise centered on the Verisyse phakic intraocular lens used for minimally invasive vision correction in patients with refractive errors such as myopia, hyperopia, and astigmatism. The division's flagship product is positioned as a lens-based alternative to laser-based LASIK surgery, addressing a horizontal patient population that prefers or requires an implant-based correction approach. Verisyse holds an estimated 56% global share of its specific phakic IOL segment, with the only other meaningful competitor being Ophtec BV at 44%, establishing the unit as one of two principal vendors in a niche but defensible medical-device category.
The division generates revenue primarily through hardware sales of phakic intraocular lenses, distributed globally across North America (39% of served market), Europe (29%), Asia-Pacific (24%), and the Middle East & Africa (8%). Abbott Medical Optics also serves adjacent ophthalmic consumer needs including contact lens wearers and patients with dry or irritated eyes, as indicated by its product-line framing. The broader product portfolio historically extended into femtosecond laser technology following the 2007 acquisition of IntraLase, although current product depth beyond Verisyse is not detailed in the source data. The division is operated inside Abbott Laboratories, leveraging the parent's regulatory, manufacturing, and commercial infrastructure rather than functioning as an independent enterprise, and its corporate domain (abbottmedicaloptics.com) currently displays a non-functional default hosting page, suggesting limited direct-to-market digital presence.
Abbott Medical Optics firmographics
Firmographics- Name
- Abbott Medical Optics
- Website
- https://abbottmedicaloptics.com
- Company type
- Private
- Founded year
- 1976
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Abbott Medical Optics is a division of Abbott Laboratories that develops and sells the Verisyse phakic intraocular lens and adjacent ophthalmic products for patients with refractive errors, contact lens wearers, and dry-eye sufferers, holding roughly 56% global share in its core IOL segment.
- Ownership category
- akta.pro rank
Abbott Medical Optics industry classification
Industry- Product category
- Ophthalmic Medical Devices
- NAICS
- Ophthalmic Goods Manufacturing (339115), Surgical Appliance and Supplies Manufacturing (339113), Surgical and Medical Instrument Manufacturing (339112)
- SIC
- Ophthalmic Goods (3851), Surgical & Medical Instruments & Apparatus (3841)
- akta.pro primary industry
- Refractive Surgery Systems (Excimer/Femtosecond Lasers, Phakic IOL Systems, Wavefront/Guidance) (HLAHAJAG)
- akta.pro secondary industries
- Cataract Surgery Systems & IOLs (Phaco Systems, IOLs, Intraoperative Aberrometry, Viscoelastics) (HLAHAJAH), Cornea, External Disease & Refractive Surgery (LASIK/PRK) (HLAKAKAF), Contact Lenses & Care Systems (Soft/RGP/Scleral Lenses; Cleaning/Disinfection Solutions) (HLAHAJAE)
Keywords
Where Abbott Medical Optics is headquartered
LocationHeadquarters
- HQ city
- Lucerne Valley
- HQ country
- United States
- HQ region
- North America
Markets served
Abbott Medical Optics business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Phakic Intraocular Lens Sales: Abbott Medical Optics generates revenue through the sale of Verisyse phakic intraocular lenses for refractive vision correction, positioning within the broader ophthalmic devices market.
Abbott Medical Optics product offering
Product offeringCore offering
Abbott Medical Optics designs, manufactures, and sells ophthalmic medical devices for vision correction procedures, with its flagship product being the Verisyse Lens — a phakic intraocular lens implanted in the eye to correct refractive errors (myopia, hyperopia, astigmatism) as an alternative to LASIK laser surgery. The division operates within the ophthalmic surgical devices market and also oversees femtosecond laser technology for refractive surgery acquired through IntraLase.
Product overview
Abbott Medical Optics offers the Verisyse Lens, a phakic intraocular lens product for vision correction. Based on market data, Abbott Medical leads the Verisyse Lens market with approximately 56% global market share. The company operates in the ophthalmic medical devices sector, competing with other major players including Ophtec BV (44% market share) and others in the broader refractive error correction market.
Differentiator
Problem solved
Functional benefit
Brands
- Verisyse Lens: Phakic intraocular lens for vision correction procedures
Products and services
- Verisyse Lens The Verisyse Lens is a phakic intraocular lens (IOL) used in minimally invasive vision correction procedures to treat refractive errors (myopia, hyperopia, astigmatism) in patients who prefer a lens-based alternative to laser-based LASIK surgery. It is sold to hospitals, ambulatory surgery centers, and ophthalmologists worldwide.
Quantifiable outcome
- 56% market share in global Verisyse Lens Market
Companies that use Abbott Medical Optics
Customer profileSegments1 record
Ideal customer profiles1 record
Abbott Medical Optics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Abbott Medical Optics partnerships and signals
Strategic signalScale indicators3 records
Recent moves3 records
Expansion highlights3 records
Abbott Medical Optics competitors and assessment
Company assessmentBroad incumbents
- Carl Zeiss Meditec: Provides refractive surgery lasers, surgical microscopes, and IOLs; overlaps with AMO through refractive surgery systems and ophthalmic surgical workflows.
- Alcon: Broad incumbent in ophthalmic surgery and vision care; competes across cataract IOLs, refractive surgery equipment, and contact lens solutions, providing overlapping capabilities to AMO's portfolio.
- Johnson & Johnson Vision: Large incumbent covering cataract IOLs, refractive surgery (LASIK), and contact lenses; competes in adjacent ophthalmic device categories that surround AMO's phakic IOL business.
- HOYA Corporation: Manufactures intraocular lenses and ophthalmic surgical products through its eye care division, providing direct overlap in the IOL category that frames phakic IOL demand.
- Bausch + Lomb: Major ophthalmic player with surgical IOL, contact lens, and dry eye offerings, overlapping with AMO's historical and current portfolio areas.
Regional players
- CooperVision: Major contact lens manufacturer relevant to AMO's contact lens and dry eye product areas referenced in the firm's short description, though its core is refractive contact lenses rather than surgical IOLs.
Direct peers
- STAAR Surgical: Specialist in phakic intraocular lenses (notably the EVO ICL family) targeting the same refractive surgery patient population as Verisyse, with overlapping surgeon call points and product positioning.
- Ophtec BV: Direct competitor in the Verisyse-style phakic IOL segment, holding the remaining ~44% of the global Verisyse Lens market and competing head-to-head on surgical implant technology for refractive correction.
Emerging players
- Nidek: Japanese ophthalmic device manufacturer of refractive surgery lasers and diagnostic equipment, serving the same refractive surgery clinics and competing for surgical capex budgets.
- Rayner Intraocular Lenses: Specialist IOL manufacturer offering cataract and supplementary IOLs; competes for the same ophthalmic surgical channel and surgeon relationships as AMO's Verisyse business.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Abbott Medical Optics social profiles
Digital presenceAbbott Medical Optics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Abbott Medical Optics leadership team
Management profileNumber of profiles
Profiles4 records
Abbott Medical Optics funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Abbott Medical Optics M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Abbott Medical Optics
What does Abbott Medical Optics do?
Abbott Medical Optics designs, manufactures, and sells ophthalmic medical devices for vision correction procedures, with its flagship product being the Verisyse Lens — a phakic intraocular lens implanted in the eye to correct refractive errors (myopia, hyperopia, astigmatism) as an alternative to LASIK laser surgery. The division operates within the ophthalmic surgical devices market and also oversees femtosecond laser technology for refractive surgery acquired through IntraLase.
Is Abbott Medical Optics a public or private company?
Abbott Medical Optics is a private company. It is classified as corporate owned and is currently operating.
When was Abbott Medical Optics founded?
Abbott Medical Optics was founded in 1976. It employs 5,001 to 10,000 people.
Where is Abbott Medical Optics based?
Abbott Medical Optics is headquartered in Lucerne Valley, United States, in the North America region.
How does Abbott Medical Optics make money?
One revenue line is on record: phakic Intraocular Lens Sales.
Who are Abbott Medical Optics's main competitors?
Broad incumbents on record are Carl Zeiss Meditec, Alcon, Johnson & Johnson Vision, HOYA Corporation and Bausch + Lomb. CooperVision is listed as a regional player. Direct peers are STAAR Surgical and Ophtec BV. Emerging players are Nidek and Rayner Intraocular Lenses.
Does Abbott Medical Optics have an API?
No public API is recorded for Abbott Medical Optics.
What industry is Abbott Medical Optics in?
Abbott Medical Optics's product category is Ophthalmic Medical Devices. Its primary akta.pro industry code is HLAHAJAG, Refractive Surgery Systems (Excimer/Femtosecond Lasers, Phakic IOL Systems, Wavefront/Guidance), with a secondary code of HLAHAJAH, Cataract Surgery Systems & IOLs (Phaco Systems, IOLs, Intraoperative Aberrometry, Viscoelastics). Its NAICS code is 339115 and its SIC code is 3851.