The medical devices sector is typified by frequent change and innovation, in response to problems and issues faced by the healthcare industry. As a result, the sector has seen the emergence of several start-up medtech companies offering disruptive, cutting-edge solutions. Most of these are private companies, where data such as revenue is frequently not disclosed. National estimates for Formlabs sales in the US from 2017 to 2023, as well as year-on-year growth rates, can be viewed in GlobalData’s micro revenue report. Buy the report here.
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Formlabs Inc (Formlabs) designs, develops and manufacturers accessible 3D printing systems. The company’s product portfolio includes 3d printers, materials and software products. It also provides services such as customer care, pro service plan, technical services, premium service plan, standard services plan, medical services plan (MSP), enterprise service plan and dental service plan (DSP). Formlabs markets its services to various industries including engineering, manufacturing, dental, education, healthcare, entertainment, jewelry and also audiology. The company has its business presence in North America, Europe and Asia Pacific. Formlabs is headquartered in Somerville, Massachusetts, the US. Key subsidiaries of Formlabs include Micronics and Pinshape.
The key metrics of Formlabs related to marketed and pipeline products, ongoing clinical trials, active jobs and publications from 2023 are shown below:
As Formlabs is a privately held company, it is not required to disclose its financial information and there is no stock listed on an exchange. GlobalData has access to a proprietary data set containing invoice data from over 2,600 healthcare institutions in the US and is therefore able to use estimations of a company’s revenue and growth to value private companies such as Formlabs.
For a detailed understanding of the performance of Formlabs, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s revenue report leverages GlobalData’s SKU tracker, which contains real-world, purchasing data from the US healthcare institutions.
