Competitive PressureThe approval of Eyebright Medical's phakic IOL in China increases competition in STAA's largest market, potentially impacting its market position.
Financial GuidanceManagement reduced growth expectations for both China and the US, indicating a challenging market environment.
Market UncertaintyMacroeconomic uncertainty and the elective nature of refractive procedures have dampened the global refractive market, with particular concern about China.