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More than 70,000 of its devices have been implanted, it has more than 50 patents and the company has grown to $63 million in revenue. Titan Spine is a top competitor of Spinal Elements. The market acceptance of nanoLOCK thus far has played a large role in fueling our hypergrowth.“What excites me most is not only that we have enjoyed accelerated growth over the past year, but also that it is sustainable moving forward.
More than 70,000 of its devices have been implanted, it has more than 50 patents and the company has grown to $63 million in revenue. If applied correctly, it is a very effective way to influence patient healing where it matters most—at the cellular level.
6. During the second quarter earnings call, as transcribed by Seeking Alpha, Geoffrey Martha, president of Medtronic, said that the spine results are the best the company has seen in a "long, long, long time."
Our nanoLOCK surface technology is uniquely positioned to continue to take market share in an industry that is rapidly moving toward surface-enhanced interbody devices.
It is classified as operating in the Surgical & Medical Instrument Manufacturing industry. Titan Spine launched in 2006 and has since created a sea change in its industry vertical.
7. Titan Spine operates in the Health Care Technology industry. “The significant demand for nanoLOCK is a direct reflection of our expanded sales team’s ability to reach more surgeons and surgeons’ recognition of the advantages our surface technology provides at the nano-cellular level for helping patients heal faster following spine fusion surgery.”Mequon, Wisconsin-based Titan Spine is on a roll, recently announcing that it continues its strong revenue acceleration for the second quarter of 2017.The company reported that more than 50,000 Endoskeleton interbody fusion devices have been implanted since the company’s inception; that nanoLOCK sales volume has increased by 42% since the close of the first quarter; that nanoLOCK has been utilized by 150 surgeons in 98 hospitals so far, and that 2,500 nanoLOCK’s have been implanted since the product’s launch.Where’s the scientific proof that nano technology is better than plasma pore Ti coating ? Spine Wave is Titan Spine's #3 rival. Titan Spine has annual revenue of $25.1M, total funding of N/A, has 100 employees and grew their employee count by -17% last year. Titan Spine has 51 more employees than Spinal Elements.
Titan Spine recently raised $15 million in a private equity round.
We are pleased that our second quarter achievements demonstrate a growing confidence and continued adoption of nanoLOCK.”According to the company’s August 2, 2017 news release, this success is driven by the increasing demand for the company’s nanoLOCK surface technology.Titan’s Executive Vice President of Sales Steve Cichy added, “The demand for nanoLOCK has certainly fueled our significant sales growth over the first half of this year. The company also reported $16 million in revenue from Titan Spine, a surface technology implant business it acquired earlier this year.
I’m glad to be a part of it.”Ted Bird, chief commercial officer of Titan Spine, said, “Following a record first quarter, we continued to exceed expectations during the second quarter for a strong close to the mid-2017 mark.” Titan Spine, headquartered in Mequon, Wisconsin, markets a full line of Endoskeleton® interbody fusion devices featuring its proprietary textured surface through its sales force and a network of independent distributors.
The future is very bright at Titan Spine. A press release reports that the acquisition provides opportunities to bundle interbodies, screws, rods, biologics, and “enabling” technologies, such as navigation, to develop “integrated procedural solutions”.
We have recently invested significant capital to beef up our instrument set and implant inventory to meet this growing demand, which will start to pay dividends over the remainder of the year and beyond.”“Through our efforts, there is a growing understanding that nanotechnology is much more than a marketing buzzword. 8.
Spine Wave generates 30% the revenue of Titan Spine. Spine Wave operates in the Health Care Equipment industry. Titan Spine raised an indefinite series B equity fund for early investors that launched in June 2012 and totaled $202,262, and a series B round launched in August 2016 now totals $1.8 million. Titan Spine's annual revenues are $10-$50 million (see exact revenue data) and has 100-500 employees. To learn more, visit www.titanspine.com.Medtronic has also made key acquisitions since the report was last updated in October 2018, including the purchase of Titan Spine for an ...Medtronic has completed its acquisition of Titan Spine, which has a range of interbody fusion devices that feature unique surface technology. It is backed by several published studies that support its superior osteogenic capabilities, and, as a result, is the only FDA-cleared nanotechnology for the spine. The company is committed to bringing spinal surgery into the 21st century, as it advances the science of surface engineering to enhance the treatment of various pathologies of the spine that require fusion. Mequon, Wisconsin-based Titan Spine is on a roll, recently announcing that it continues its strong revenue acceleration for the second quarter of 2017.
Titan Spine has been growing at over 40 percent per year for over 10 years.