According to iData Research, the global spine market is valued at over $14.4 billion USD and is projected to approach $18 billion by 2023. The largest among the regions is undoubtedly the U.S. market, valued at $7.7 billion in 2017.
The US TOP PLAYERS
The 10 top spine players in the US market are the following: Medtronic, Depuy Synthes, Nuvasive, Stryker, Globus Medical, Zimmer Biomet, Aesculap, Seaspine, Orthofix and Alphatec Spine. To see their market shares worldwide please visit:https://thespinemarketgroup.com/spine-market-estimates-for-2019/
MORE U.S COMPANIES TO FOLLOW
But additionally there are almost 200 manufacturers from United States. Many of those Companies have very attractive product and training offerings. During the following weeks we will publish about them. Last weeks we have published about: Spinal Elements, Spinecraft, Centinel Spine, Camber Spine,Life Spine, Spine Wave, Spineology, SpineFrontier, Precision Spine and Atlas Spine.
Today we are including 5 very interesting companies to know about:
1.-TITAN SPINE
Titan Spine, Inc. was founded in 2005 and is headquartered in Mequon, Wisconsin with a location in Laichingen, Germany. It serves patients in the United States and Europe through its sales force and a network of independent distributors.
Titan Spine, Inc. designs and manufactures interbody fusion devices for use in the cervical and lumbar spine. The company offers Endoskeleton TL, a lateral fusion device for the lumbar spine; Endoskeleton TAS, an anterior lumbar interbody fusion (ALIF) interbody device with screws; Endoskeleton TA, a device for ALIF procedures; Endoskeleton TT, a device for transforaminal lumbar interbody fusion (TLIF) procedures; Endoskeleton TO, a device for posterior lumbar interbody fusion (PLIF) and oblique procedures; Endoskeleton TCS, a cervical interbody device with screws for anterior discectomy and fusion (ACDF); and Endoskeleton TC, a device for anterior discectomy and fusion (ACDF) procedures.
Titan Spine makes interbody titanium spinal fusion devices with a proprietary nanoLOCK surface that encourages bone growth. Launched in 2006, the company has since created a sea change in its industry vertical. From 2008 to 2018, Titan Spine grew at a rate of more than 40 percent per year. More than 70,000 of its devices were implanted, it had more than 50 patents and the company had grown to $63 million in revenue as of 2018. In 2019, Titan Spine LLC has agreed to be acquired by Dublin, Ireland-based Medtronic.
Co-Founder and Chief Executive Officer: Dr. Peter Ullrich, M.D. He co-founded Titan Spine, LLC in 2005 and serves as its Chief Executive Officer. Dr. Ullrich is the Co-Founder of Spine-Health.com. He is practicing orthopedic spine Surgeon at the NeuroSpine Center of Wisconsin. He has published numerous articles and is well respected throughout the nation as a leading surgeon. Dr. Ullrich completed a spine fellowship at the University of Utah and an orthopedic surgery residency program at Grand Rapids, and holds a Doctor of Medicine degree from the University of Wisconsin Medical School.
2.-CORELINK
CoreLink, LLC designs, manufactures and distributes spinal implants and instrumentation. The company’s products include pedicle screw systems, interbody spacers, plates, biologics and surgical instruments. The company was founded in 2007 and is based in St. Louis, Missouri.
In 2016 CoreLink, announced that it finalized its partnership with The Stephens Group, LLC, a Little Rock, Arkansas-based private, family-owned investment firm. The significant equity investment by The Stephens Group completes a recapitalization that positions the Company for the next stage of its growth. Terms of the transaction were not disclosed.
In 2018, CoreLink, LLC, announced the acquisition of the privately-held Israeli medical device company Expanding Orthopedics, Inc (EOI). Along with the FDA cleared expanding and articulating FLXfit™ and FLXfit 15™ titanium TLIF interbody systems, CoreLink has also acquired a broad array of patents and in-development products addressing the expandable interbody and spinal fusion market. https://corelinksurgical.com
Founder and Chief Executive Officer, CoreLink, LLC: Jay Bartling
3.- CHOICESPINE
The company was founded in 2006 and is based in Knoxville, Tennessee. Based in Knoxville, TN and founded in 2006, ChoiceSpine, LP and Knox Spine, LLC (collectively, the Company) collaborates with physicians to develop new products which incorporate current medical technology with customized patient solutions. https://choicespine.com
ChoiceSpine, LP manufactures and markets spinal products to orthopedic and neurosurgeon specialists for the treatment of spinal disorders and deformities in patients. The company offers anterior cervical plate, cervical interbody, and posterior cervical fixation systems; and pedicle screw, minimally invasive facet screw, facet screw fixation, posterior-lumbar interbody, transforaminal-lumbar interbody, lateral access and interbody fusion, lumbar fusion, and vertebral body replacement systems. It serves customers through a network of distributors in the United States.
Co-Founders and Co-Principals: Rick Henson and Marty Altshuler
4.- OSSEUS Fusion Systems
Osseus founders have over 30 years combined experience founding companies, directing product development and forging sales direction in the medical device sector.Throughout their careers, they have built several medical device companies from the ground-up and positioned them for multi-million dollar mergers and acquisitions by growth through grassroots sales strategies. With the support and creativity of surgeon relationships fostered since the early 1990’s, their company is the culmination of years of planning for the launch of a medical device firm focused on unique, novel and new technology products.
Osseus was founded in 2012, and is based in Dallas, Texas. Privately held Osseus is not bound by corporate bureaucracy or shareholder demands.Using advanced materials and leading-edge technologies like additive manufacturing, they are creating modern, inventive devices that help solve anatomic challenges and push patient outcome boundaries.
Osseus is focused on unique, novel and new technology products, including: the Black Diamond Pedicle Screw System (PSS) (launched in mid-2014) – a trailblazing fixation system technology, White Pearl Preferred Angle Anterior Cervical Plate (ACP) – a cervical spine fixation device, and Red Ruby Anchored Cervical Interbody (ACI) – a revisable cervical Interbody system. In 2018, Osseus received FDA approval for five new spinal implants 3D printed in titanium.The family of five FDA 510(k)-cleared lumbar interbody fusion devices is being brought to market under the brand name, Aries. www.osseus.com
Co-Founder and Chief Executive Officer at Osseus: Eric T. Hansen
5.-NEXXT SPINE
Founded in 2009, Nexxt Spine LLC is headquartered in Noblesville, Indiana, and manufactures spinal implants and custom instruments in-house at a state of the art dedicated facility.
Since its inception in 2009, Nexxt Spine has worked with key opinion leaders to develop innovative products with an emphasis on streamlining procedural efficiency and improving patient outcomes. With 16 product lines currently available for sale within the U.S., the company manufacturers 100% of all spinal implants and 95% of surgical instruments on-site within their state of the art facility in Noblesville, Indiana. On-site manufacturing capabilities allow Nexxt Spine to accelerate new product development from concept to commercialization in a fraction of the time by eliminating dependence on outside vendors. Prototypes leading to final implant and surgical instrument design are accomplished in a matter of days compared to the industry standard of weeks to months. http://www.nexxtspine.com
Founder and CEO: Andy Elsbury. Mr. Elsbury is the founder and CEO of Nexxt Spine, an Indiana based designer, manufacturer, and marketer of spinal implants. He has over 25 years of entrepreneurial experience with high growth and start-up businesses in various fields including orthopedic spinal implants, technology development, software development, home electronics, and consulting. Mr. Elsbury has a Bachelor’s degree in Mechanical Engineering, a Master’s degree in Industrial Engineering, and an MBA, all from the University of Illinois.