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/
MORE 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. Last week we published about: Spinal Elements, Spinecraft, Centinel Spine, Camber Spine and Life Spine. Today we are including 5 very interesting companies to know about:
Spine Wave, Inc. engages in developing and marketing medical devices for the treatment of spinal disorders. The company focuses on commercializing technology platforms that offer surgical solutions for spine surgeons and their patients. It offers expandable PEEK spacers and expandable interbody devices for posterior surgery; pivoting spacer systems; lateral spacer systems, XDL expandable devices, and lateral access systems for lateral stabilization; Leva PX, an expandable interbody device for the treatment of spinal disorders; GraftMag Graft Delivery System to deliver large amounts of bone graft; and fixation products, such as spine systems for treating degeneration, deformity, tumor, and trauma of the thoracolumbar spine, as well as adjacent level systems. The company also offers anterior cervical plate systems that provide stabilization as an adjunct to spinal fusion from C2-C7 through anterior screw fixation; and cervical spacer systems to treat degenerative disc disease from C2-T1. It offers its products through distributors. Spine Wave, Inc. was founded in 2001 and is based in Shelton, Connecticut. https://www.spinewave.com
Chairman, Chief Executive Officer and President: Mark D. LoGuidice
Mark D. LoGuidice founded Spine Wave, Inc. in February 2001 and serves as its Chief Executive Officer, President and Chairman. Mr. LoGuidice serves as Advisor of OsteoGeneX Inc. He served as an Executive Vice President, New Products and Markets of Sofamor Danek Group Inc., since January 1998. Mr. LoGuidice joined Sofamor Danek USA as President in February 1995. Prior to that, he spent 16 years with United States Surgical Corporation, most recently in the positions of Vice President of Marketing–Sutures and Vice President of Sales. He serves as the Chairman of DexCom. He serves as a Director of Spine Wave Inc. He is a 1978 graduate of Colgate University and received his M.B.A. from Pace University in 1984.
Spineology Inc. provides anatomy-conserving spine surgery technology solutions. The company offers pedicular fixation products, such as Palisade, threshold, and fortress pedicular fixation; Biologics products, such as Essence viable amnion matrix, Blockade amniotic protective barrier, Incite DBM strips, and Incite cortical fibers; and Interbody products, such as the Duo systems, Elite expandable, Rampart one, and Rampart T interbody fusion products. It also offers capture facet fixation, VIA spinous process fixation, Medius retractor system, SOAR retractor system, ProMap EMG nagivation systems, and OptiMesh graft containment. The company was founded in 1996 and is based in St. Paul, Minnesota. https://www.spineology.com
CEO & Director:John J. Booth.
He has been the Chief Executive Officer of Spineology Inc. since September 2004. Prior to joining Spineology, Mr. Booth served as Chief Executive Officer of Phillips Plastics Corporation, from June 2001 to December 2002. Prior to Phillips, he served as Chief Executive Officer of Microvena Corporation, a cardiovascular device subsidiary of Phillips, from 1999 to 2001 and also Chief Executive Officer of Phillips Origen Group Division from 1998 to 1999. He has held various positions in both financial and general management in the medical technology industry since 1981. Mr. Booth served as President and Chief Executive Officer of Incstar Corp. since September 1994, Senior Vice President and Chief Financial Officer from May 1992 to September 1994 and also Vice President, finance and administration from 1989 to 1992. Prior to Incstar Corp., Mr. Booth serves as an Independent Director of Bone Biologics, Corp. Mr. Booth served as Vice President, Controller and Secretary of Clinical Sciences Inc. (‘CSI’). He served as Acting Chairman of the Board of Incstar Corp. since March 8, 1997. He has been a Director of Spineology Inc., since 1998. He served as a Director of Imricor Medical Systems, Inc. from 2007 to 2014. He served as Director of Incstar Corp. since September 1994 to 1997. He served as a Director of Microvena Corporation from 1998 to 2001 and as Director of Phillips Plastics Corporation from 2000 to 2002 and as Director of Data Sciences International from January 2017 to January 2018. Mr. Booth received a B.S degree in accounting from Villanova University and an MBA from Seton Hall University.
SpineFrontier Inc., a medical device company, designs, develops, and markets implants and instruments used in spine surgery worldwide. It provides disc and facet replacement parts, expandable cages, interbodies, standalones, SIJ fusion products, transfacet screws, pedicle screws, anterior cervical plates, posterior cervical fixations, and interspinous products. The company was founded in 2006 and is based in Malden, Massachusetts. https://spinefrontier.com
President: Aditya Humad
Mr. Aditya Humad serves as the Co-Founder, Managing Partner & Chief Financial Officer at KICVentures LLC. As Co-Founder and Chief Financial officer, he and Mr. Chin began working on ways to develop, nurture and acquire health-tech companies into its portfolio. Mr. Humad and Mr. Chin are now looking to raising growth capital from investors. He joined KICVentures in 2009 after his experience on Wall Street as an Investment Banker. Mr. Humad serves as a Senior Executive within the portfolio companies, providing strategic direction and hands-on operational execution. He has led numerous negotiations for the portfolio companies and has raised capital from individuals and institutional lenders and has continually built business opportunities in the medical device and healthcare service industries. Mr. Humad has also been the President since 2014 and Chief Executive Officer since 2009, at SpineFrontier, Inc. Before KICVentures, he worked on Wall Street at J.P. Morgan as an Investment Banking Analyst from 2007-2009 where he focused on mergers and acquisitions, financing, and restructuring. Working in Mergers & Acquisitions, he gained experience on buy-side, sell-side, capital raises and asset sales. Mr. Humad was involved in a few debt restructuring deals for hospitals and retail clients as well. He also managed multiple rapid growth accounts in US and Latin America and launched successful philanthropic entrepreneurial projects in South Africa. He has closed multiple M&A deals for KICVentures, most recently AxioMed and NanoFUSE Biologics. Mr. Humad has been a Research Assistant at Wharton Business School from 2005 to 2007. He began his journey at Wharton in order to learn the business and application side of technology. Mr. Humad developed business model for entrepreneurs to grow the Khaya Cookie Company (exported internationally in 2007). He also developed and launched HIV-drug administration model for treatment in Botswana (implemented summer 2006). Mr. Humad also served as Chief Financial Officer at Medinvus, LLC. He wrote and published nine company case studies to support book, Market Busters by Rita McGrath and Ian MacMillan. Mr. Humad was Awarded Best Bioengineering Senior Design from The Jerome Fisher Management and Technology Program and Ian MacMillan Award for Excellence in Research and Leadership at The Wharton School. He holds a Bachelor’s in Biomedical Science, Math Honor from Wharton School, University of Pennsylvania and Wharton School of Business as part of the prestigious Jerome Fisher Management & Technology Program. Mr. Humad holds BS in Economics & Finance from The Warton School between 2003 & 2007 and Bachelor’s degree in Biomedical engineering from University of Pennsylvania between 2003 to 2007.
Precision Spine, Inc. manufactures and distributes spinal therapy products. Its products include cervical plate system, pedicle and tab screw system, interbody cages, plating system, retractor, and ALIF cages. The company was founded in 2012 and is based in Parsippany, New Jersey. http://www.spinalusa.com
Chairman of The Board and Chief Executive Officer: James R. Pastena
He serves as the Chairman of the Board and Chief Executive Officer of Precision Spine, Inc. Mr. Pastena has over 20 years of orthopedic and spine industry experience. He served as the Chief Executive Officer of Spinal USA, LLC. He served as the President of Spinal USA, LLC and also served as its President of Precision Spine, Inc. He co-founded and served as Chief Executive Officer of ElectroCore, LLC., where he spearheaded this leading edge neuromodulation and its initial entry into the bronchoconstriction arena with an innovative stimulation product in human trials. He served as the President of Electro-Biology, Inc. He served as the President and Chief Executive Officer of EBI, L.P., a subsidiary of Biomet, Inc., until June 2005. Mr. Pastena served as the Vice President of Biomet Inc. since September 1998. He organized the largest company owned hybrid direct sales force in Orthopedics, and established unilateral external fixation for limb lengthening, trauma and Colles fracture repair as standards of orthopedic care, resulting with EBI becoming the market leader in these important segments. He holds several groundbreaking patents, and has established large, lucrative markets for many innovative medical products. He worked in Endoscopy, Diagnostics and in Consulting in various medical and non-medical markets. He serves as a Director of ElectroCore, LLC. He has been a Member of Board of Managers of Paradigm Spine, LLC since July 10, 2006. Mr. Pastena holds a BS degree in Marketing from Fairleigh Dickenson University.
Atlas Spine, Inc. manufactures spinal implant and instrument systems. It offers cervical plating systems; cervical spacer systems; pedicle screw systems; peek spacer systems; pivoting spacer systems; disc preparation instruments; and pedicle screw systems. Atlas Spine Inc.,recently announced today the successful completion of its 50th surgical procedure and over 100 devices implanted with its new HiJak AC Expandable Cervical Inter-body Fusion Device (IBFD). The company has now moved to its full product launch. Atlas Spine, Inc. was formerly known as Innovative Spinal Design and changed its name to Atlas Spine, Inc. in September 2005. The company was founded in 2001 and is based in Jupiter, Florida. https://www.atlasspine.com
Chief Executive Officer, President: Douglass C. Watson
Mr. Douglass C. Watsonserves as Chief Executive Officer and President at Atlas Spine, Inc. Mr. Watson serves as Chairman, President and interim Chief Executive Officer of Ondine Biopharma Corp. From 1996 to 2003, Mr. Watson was employed by Gensci Regeneration Sciences, Inc., and served as President and Chief Executive Officer from 2001 to 2003. He has a background in product marketing, distribution and corporate finance. Mr. Watson has been Director of Atlas Spine, Inc. since 2005.