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The global ophthalmology device market is expected to reach $9.47 billion by 2018, growing at a compound annual growth rate of 6.8 percent, according to a Markets and Markets news release.

The following are the latest drugs to be approved by the U.S. Food and Drug Administration over the past two months and compiled on Becker's Hospital Review, beginning with the most recent.

The U.S. Food and Drug Administration has a proposed a rule that would allow reclassification of devices via an administrative order published in the Federal Register.

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The U.S. Food and Drug Administration's Center for Devices and Radiological Health released its Medical Device Recall Report for FY 2003 to FY 2012, showing device recalls have nearly doubled in the past 10 years.

The U.S. Food and Drug Administration has approved Xolair (omalizumab) to treat chronic idiopathic urticaria, a form of chronic hives, according to a news release.

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