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:http://www.thespinemarketgroup.com/spine-market-estimates-for-2019/
US 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. Today we will start with 5 US companies to follow:
It was founded in 2003 and is based in Carlsbad, California. The company was formerly known as Quantum Orthopedics, Inc. and changed its name in 2006. In April 2017 Amendia and Spinal Elements joined to form one company. Spinal Elements, Inc. manufactures surgical, motion preservation, and spinal fusion systems. The company offers stand-alone anterior lumbar interbody fusion devices; anterior cervical plate systems; pedicle screw systems; and facet implant systems. www.spinalelements.com
President & Chief Executive Officer: Jason Blain, a founder of Spinal Elements, has nearly 20 years experience in orthopedics, including hip replacements, knee replacements, trauma and spine products. He has extensive experience in product development, manufacturing, regulatory affairs, and quality assurance from his roles with Smith & Nephew, Alphatec, and NuVasive Inc. Blain earned a bachelor’s degree in mechanical engineering from Christian Brothers University in Memphis, Tennessee.
The Company, located in Westmont, Illinois is an US-based, privately-held medical device company founded in 2004 by a group of medical professionals and started operations and product development in 2005. The company develops, manufactures, and markets products providing intraoperative efficiency for surgeons, cost-effectiveness for hospitals and healthcare systems, and superior outcomes for patients. In February 2017, SpineCraft entered into an agreement with Mighty Oak Medical to use the FireFly Mechanical Surgical Guidance System with SpineCraft Astra & Apex Spine Systems for complex spine and deformity correction. https://www.spinecraft.com
President, CEO & Co-Founder: Wagdy Asaad MD is the co-founder of Spinecraft and responsible for setting the strategic course and growth plans for the Company. Dr Assad is a graduate of the Faculty of Medicine in Cairo University (Egipt) in 1981.He has held different product development, executive and leadership positions at Ciba Geigy Pharmaceutical Corporation, Nova Pharmaceutical Corporation and AEG Corporation before co-founding Spinecraft in 2004.
The company was founded in 1990 and is based in West Chester, Pennsylvania with an additional office in New York, New York.
Centinel Spine, Inc. was formerly known as Raymedica, LLC and began operations in 2008 through the merger-acquisition of Raymedica, LLC and Surgicraft, LTD. UK-based Surgicraft launched the first Stand-Alone/No Profile® anterior lumbar interbody fusion device in the world in 1988, which was the basis for future generations of the market-leading Integrated Interbody™ technology platform known today as STALIF®. In December 2017, Centinel acquired the prodisc® Total Disc Replacement Technology Platform—the most extensive cervical and lumbar motion-preserving reconstruction portfolio available today. the prodisc total disc replacement portfolio from DePuy Synthes
Today, Centinel Spine®, LLC is the largest privately-held spine company focused on anterior column reconstruction. The company offers a continuum of trusted, brand-name motion-preserving and fusion solutions backed by over 30 years of clinical success—providing the most robust and clinically-proven Total Disc Replacement and Integrated Interbody™ portfolios in the world. With the addition of prodisc, Centinel Spine stands apart as the only company with comprehensive motion-preserving and fusion solutions for both cervical and lumbar anterior column reconstruction.Centinel Spine derived its name from the “Sentinel Sign”, the radiographic confirmation of a successful fusion anterior to the interbody device.For more information please visit:www.centinelspine.com
Chairman and CEO: John Viscogliosi is a Co-Founder of Woven Orthopedic Technologies, LLC. He founded Viscogliosi Brothers LLC in 1999 and also serves as its Principal. He is a Founding Member and Principal of Viscogliosi Bros, LLC. Mr. Viscogliosi has more than 20 years of operations and turn-around experience in the orthopedic industry. Mr. Viscogliosi was a Co-Founder of Paradigm Spine L.L.C.; Musculoskeletal Clinical Regulatory Advisers LLC; Spine Solutions, Inc. and Knee Creations, LLC. Mr. Viscogliosi served as a Vice President of Investments at Stifel, Nicolaus & Co., Inc., an Associate Director of Investments at Rodman & Renshaw, an account executive at First of Michigan Corp. and Dean Witter Reynolds, Inc., and an Assistant in the institutional sales and trading department of Martin Simpson & Co., Inc. He Co-Founded Small Bone Innovations, Inc. in May 2004. He is talented, driven, and experienced strategist and tactician in investing, building, and leading musculoskeletal companies with interim Chief Financial Officer, intellectual property management, ISO 9001, and CE Mark experience. Mr. Viscogliosi was employed for seven years by several regional brokerage and investment banking firms. He has broad capital markets experience in institutional and retail sales, institutional listed trading, back office functions, and money management. He has served on the Board of Directors of three musculoskeletal companies. He serves as Director of Woven Orthopedic Technologies, LLC; and Small Bone Innovations, Inc. He served as Board of Spine Solutions, Inc. and Knee Creations, LLC. Mr. Viscogliosi graduated from Wayne State University with a B.S. in Criminal Justice in 1992.
Camber Spine was launched in 2010 by Daniel Pontecorvo (a veteran sales executive of the trauma and spine orthopedic devices market),
Robert Morris and Seth Anderson. Camber Spine, located in Wayne, Pennsylvania, markets a line of proprietary musculoskeletal products nationwide through its exclusive distributor, S1 Spine. The company started out with an idea and two engineers and today has grown into an exciting company with over 50 employees and national sales distribution. With its first product launch in 2012, Camber has averaged three systems per year once it actively began design and development activities.As of 2018, Camber has 14 FDA 510 (k) clearances. Camber owns two highly innovative proprietary Product Platform Technologies; ENZA™ and SPIRA™ OA (Open Architecture). Our Flagship products with each of these technologies are both ALIF’s with line extensions for both under development. In addition, CST has a broad and growing portfolio of fusion products.
Founding Partner & CEO:Daniel Pontecorvo is a successful medical device sales & business development executive and entrepreneur with over 30 years of experience of leadership within the orthopedic and spinal device industries. During his extensive tenure at Synthes he was not only recognized as one of the top performers in sales and distribution but was also highly regarded as a key contributor to building the unique Synthes-AO culture.
Life Spine, Inc. was founded in 2004 and is based in Huntley, Illinois. Life Spine, Inc. designs and manufactures healthcare devices to address spinal pathology. The company recognized an EBITDA growth rate of 124% in the third quarter of 2018 over the third quarter of 2017. This was driven by a sales growth of 47% in the same period led by significant growth to their micro-invasive portfolio. The company provides expandable posterior fusion systems; posterior fusion systems; minimally invasive spinal systems; expandable retractor systems; access portal retractor systems; facet screw spinal systems; and spinal systems.In addition, the company offers systems intended to address various pathologies for the thoracic and lumbar spine; LYNX cross connector that provides intra-operative options; PRESIDIO anterior lumbar fixation systems; PILOT-P posterior plate systems; sacroiliac joint compression screw systems; and a system to perform a MidLine procedure minimizing disruption. Further, it provides interbody products and biologic products. www.lifespine.com
Founder and CEO: Michael S. Butler founded Life Spine in June 2003 and serves as its Chief Executive Officer and President. Mr. Butler has more than 11 years with expertise in product development, business development and financial management. Mr. Butler served in various management capacities at companies such as Abbott Laboratories, Inter-Med, Richard Wolf Medical, Visionary Biomedical, Microbrush and Eli Lilly. He has successfully brought more than 200 separate medical products to market. Mr. Butler graduated from Marquette University in 1995 with a Degree in Biomedical Mechanical Engineering.