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 Precision Spine 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.
Precision Spine Inc (Precision Spine) is a spinal device company that offers spinal pathology solutions. It offers cervical, thoracolumbar, lateral, interbody and anterior lumbar products. Its cervical products include solo anterior cervical plate system, anterior cervical discectomy and fusion system, posterior, cervical system and cervical cages. Precision Spine’s thoracolumbar products comprise ha coated pedicle screw system, pedicle screw system, TI titanium pedicle screw system, modular pedicle screw system, mc midline cortical screw system, SLC extended tab screw system, mis 3lpercutaneous screw system, facet screw system, spinous plating system, and ULIF minimally disruptive-maximum access system. The company offers products to hospitals, orthopedic surgeons, neurosurgeons and insurance companies. It operates manufacturing facilities in Mississippi, the US. The company products through its distributors across worldwide. Precision Spine is headquartered in Parsippany, New Jersey, the US Key subsidiaries of Precision Spine include Precision Medical of Mississippi and Spinal USA.
The key metrics of Precision Spine related to marketed and pipeline products, ongoing clinical trials, active jobs and publications from 2022 are shown below:
As Precision Spine 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 Precision Spine.
For a detailed understanding of the performance of Precision Spine, buy the report here.