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 Stratus 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.
Stratus Medical is a medical equipment company that develops and manufactures technology platforms and devices for chronic pain. The company’s technology Nimbus RF Multitined Expandable Electrode, along with an RF Generator and Probe, is designed for conducting radiofrequency (RF) heat lesion procedures to address pain and provide pain relief treatments. Nimbus provides swifter procedure times, cost-effectiveness, and consistent, long-lasting pain relief. It is utilized for pain management in various areas, including the spine, knee, shoulder, and hip. Stratus is headquartered in Magnolia, Texas, the US.
The key metrics of Stratus Medical related to marketed and pipeline products, ongoing clinical trials, active jobs and publications from 2022 are shown below:
As Stratus 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 Stratus Medical.
For a detailed understanding of the performance of Stratus Medical, buy the report here.