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 Hobbs Medical sales in the US from 2016 to 2022, 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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Hobbs Medical Inc (Hobbs) is a medical device company that designs and develops flexible GI and pulmonary endoscopy. The company provides endoscopy products that include catheters, electrocautery devices, needles, balloons, brushes, retrieval devices and others. Its balloon products comprise achalasia, biliary, stone extraction balloons, multi-purpose over the wire balloon dilators, and multi-purpose stylet wire balloon dilators. Hobbs offers services that include product development, technical support and customer services. The company sells its products through a network of distributors in the UK, Greece, Canada, Germany, Japan, Italy, Austria, and others. Hobbs is headquartered in Stafford Springs, Connecticut, the US.

The key metrics of Hobbs Medical related to marketed and pipeline products, ongoing clinical trials, active jobs and publications from 2022 are shown below:

As Hobbs Medical 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 Hobbs Medical.

For a detailed understanding of the performance of Hobbs Medical, 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.