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Stage

Acquired | Acquired

Total Raised

$2.01M

About Olive Medical

Olive Medical specializes in high-definition video camera design and development for medical applications.

Headquarters Location

2302 South Presidents Drive Suite

Salt Lake City, Utah, 84120,

United States

801-953-0559

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Olive Medical Patents

Olive Medical has filed 26 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/15/2014

8/25/2020

Digital photography, Image sensors, Digital imaging, Endoscopy, Sensors

Grant

Application Date

3/15/2014

Grant Date

8/25/2020

Title

Related Topics

Digital photography, Image sensors, Digital imaging, Endoscopy, Sensors

Status

Grant

Latest Olive Medical News

DePuy Synthes and Biomet Lead Fastest Growing U.S. Shoulder Reconstruction Device Market

May 28, 2015

DePuy Synthes buys US-based Olive Medical According to a recently published report by iData Research ( http://www.idataresearch.com ), the shoulder reconstruction device market, was the fastest growing segment within the orthopedic small bone & joint market in 2014. This trend is attributed to the prevalence of shoulder arthroplasty procedures in the U.S. due to increased surgeon experience and education, as well as improved device technology resulting in greater patient outcomes. Therefore, surgeons are increasingly making use of more expensive reversed shoulder devices for cases of both arthritis and fracture. “The rapid uptake of arthroplasty devices due to increased surgeon experience and education, as well as improved device technology, will result in greater patient outcomes,” explains Dr. Kamran Zamanian, CEO of iData. “As a result, the shoulder market is seeing high procedure and unit sales number growth; however, market growth is slightly diminished due to capitated pricing.” The majority of procedures and market value reside with the reconstruction device segment due both to the higher unit sales numbers and the much higher average selling price (ASP) that the segment commands. The largest sub-segment within this market in 2014 was the reversed shoulder implant market due to its higher ASP compared to all other sub-segments except revision implants. The reversed implant segment has also experienced strong growth due to surgeons using these devices to fix previously failed surgeries as well as leveraging device efficacy in cases with multiple ailments such as arthritis, rotator cuff tears and instability. Other key findings from the iData Research report entitled U.S. Market for Small Bone and Joint Orthopedic Devices – 2015 : Trauma Usage of Devices Anatomic, hemi and increasingly reversed implants are being used to treat fractures of the proximal humerus. This is expanding the usage for the high ASP reconstructive devices, which will allow greater market penetration. Leading Competitors DePuy Synthes remains the market leader of the shoulder reconstructive market with over 20% market share. However, DePuy Synthes is expected to lose market share to their competitors unless they further expand their current product line in the shoulder reconstruction market. Other notable competitors in the shoulder reconstruction device market include Biomet, Tornier, Zimmer, DJO, Exactech, Arthrex, Smith & Nephew, Wright Medical, Nutek, Arthrosurface, and Lima among others. For Further Information More on the shoulder reconstruction device market in the U.S. can be found in the report series published by iData entitled U.S. Market for Small Bone and Joint Orthopedic Devices . This report covers the U.S. markets for shoulder reconstruction devices, elbow repair devices, hand & wrist devices, foot & ankle devices, and staple fixations. The iData series on the market for small bone and joint orthopedic devices covers the U.S., Brazil, China, Japan, India, U.K., Austria, Belgium, Denmark, Finland, France, Germany, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, and Switzerland. Full reports also provide a comprehensive analysis including units sold, procedure numbers, market value, forecasts, as well as detailed competitive market shares and analysis of major players’ success strategies in each market and segment. Register online or email us at info(at)idataresearch(dot)net for a U.S. Market for Small Bone and Joint Orthopedic Devices report brochure and synopsis. About Procedure Tracker Procedure number data is available from iData’s Procedure Tracker service, which allows subscribers to define and analyze procedure data segmented by country, region, hospital, surgery centre, and physician. A customizable dashboard sorts procedure data for further analysis and research. About iData Research iData Research ( http://www.idataresearch.com ) is an international market research and consulting group focused on providing market intelligence for medical device and pharmaceutical companies. iData covers research in: Spine, Trauma, Soft Tissue, Diabetes Devices, Pharmaceuticals, Anesthesiology, Wound Management, Orthopedics, Cardiovascular, Ophthalmics, Endoscopy, Gynecology, Urology and more. For the original version on PRWeb visit: http://www.prweb.com/releases/2015/05/prweb12750244.htm

Olive Medical Frequently Asked Questions (FAQ)

  • Where is Olive Medical's headquarters?

    Olive Medical's headquarters is located at 2302 South Presidents Drive, Salt Lake City.

  • What is Olive Medical's latest funding round?

    Olive Medical's latest funding round is Acquired.

  • How much did Olive Medical raise?

    Olive Medical raised a total of $2.01M.

  • Who are the investors of Olive Medical?

    Investors of Olive Medical include Johnson & Johnson, Salt Lake Life Science Angels and NuFund Venture Group.

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