Company: STAA
Filing Date: 2025-09-26
Form Type: DEFA14A
Source: 0001193125-25-219844
Chunk: 18

Company: STAAR SURGICAL CO
Filing Date: 2025-09-26
Form: DEFA14A
Chunk 18
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: People’s Republic of China National Healthcare Security Administration. National VBP announced for intraocular lenses September 2023. Compared to STAAR standalone, Alcon is better positioned to win if VBP is implemented EXECUTIVE SUMMARY | PREMIUM VALUE | STANDALONE RISKS | THOUGHTFUL EVALUATION | BROADWOOD CLAIMS

While the TAM for myopia is large, the number of refractive surgery procedures remains small The incidence of myopia is growing, but eyeglasses and contact lenses are the primary treatment method. Only 5.2 million refractive surgical procedures are expected globally in 2025. Laser vision correction (LVC) accounts for majority of refractive procedures, which typically cost less than ICLs. As refractive surgery is an elective, cash-pay procedure, macroeconomic pressures have a disproportionate impact on demand, and discretionary spending is constrained by consumer confidence. Source: Company estimates and Market Scope Custom Refractive Error Model, May 2025. Note: ICL: Implantable Collamer Lens. LASIK: laser-assisted in-situ keratomileusis; PRK: photorefractive keratectomy; SMILE: small incision lenticule extraction. 2.2b Potential Procedures Myopic Patients, Age 21-45 5.2m Refractive Procedures (LASIK, SMILE, PRK, EVO ICL) Projected for 2025 Despite a sizable TAM, STAAR services only a marginal fraction of potential procedures EXECUTIVE SUMMARY | PREMIUM VALUE | STANDALONE RISKS | THOUGHTFUL EVALUATION | BROADWOOD CLAIMS

In the 10+ years since the launch of EVO ICLs, STAAR has not been able to penetrate the market beyond high myopia patients While EVO ICLs can be used to treat low, moderate and high myopia across the diopter curve, they are typically used for patients who are not good candidates for laser vision correction (LVC) due to high myopia, thin corneas or other corneal abnormalities. As the incidence of low and moderate myopia far exceeds that of high myopia, STAAR must move beyond high myopia to grow, as those patient populations are 10x larger. STAAR’s inability to move beyond high myopia negatively impacts its Net Sales opportunity and is a drag on long-term growth rates. -20D -19D -18D -