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Paradigm Spine

paradigmspine.com

Founded Year

2004

Stage

Acquired | Acquired

Total Raised

$168.51M

Valuation

$0000 

About Paradigm Spine

Paradigm Spine is a provider of non-fusion spinal implant solutions that serve to address the unmet clinical needs of spine surgeons and their patients. Starting with the coflex interspinous implant technology Paradigm Spine develops a full non-fusion product portfolio of motion preserving, tissue sparing technologies.

Headquarters Location

505 Park Avenue 14th Floor

New York, New York, 10022,

United States

212-367-7274

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Expert Collections containing Paradigm Spine

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Paradigm Spine is included in 2 Expert Collections, including Medical Devices.

M

Medical Devices

11,988 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

H

Health IT

7,901 items

Paradigm Spine Patents

Paradigm Spine has filed 38 patents.

The 3 most popular patent topics include:

  • Bones of the vertebral column
  • Orthopedic surgical procedures
  • Skeletal system
patents chart

Application Date

Grant Date

Title

Related Topics

Status

12/18/2020

11/22/2022

Bones of the vertebral column, Skeletal system, Implants (medicine), Orthopedic surgical procedures, Vertebral column disorders

Grant

Application Date

12/18/2020

Grant Date

11/22/2022

Title

Related Topics

Bones of the vertebral column, Skeletal system, Implants (medicine), Orthopedic surgical procedures, Vertebral column disorders

Status

Grant

Latest Paradigm Spine News

Disposable Spinal Instruments Market Key Players : Providence Medical Technology, Inc., Xenco Medical, Paradigm Spine, Intelligent Implant Systems

Nov 22, 2022

Search jobs 22-Nov-2022 Disposable Spinal Instruments Market Key Players : Providence Medical Technology, Inc., Xenco Medical, Paradigm Spine, Intelligent Implant Systems According to latest research by FMI, the global  disposable spinal instruments market  is estimated to have accounted for US$ 43.7 Mn in terms of value in 2018. The report on the disposable spinal instruments market further projects that the disposable spinal instruments market is likely to grow at a CAGR of 8.2% during the period 2019-2029. Healthcare-Associated Infections or Hospital-Acquired Infections (HAIs) are caused while receiving medical treatment in a hospital facility. HAIs are among the major challenges to the safety of patients, and can have severe public health implications. These infections are also capable of causing disability and sometimes death. The occurrence of HAIs is increasing at an alarming rate. According to WHO, the prevalence of these infections in developed countries varies from 3.5% to 12%. Developing countries are at a higher risk as the rate of infection is 3-20 times higher in developing countries as compared to high-income countries. Increasing number of outpatient procedures is among the economic variables affecting the spine market. A rapid shift from inpatient to outpatient surgeries for spine-related diseases is expected to create a high growth potential for disposable spinal instruments in the near future. The number of spinal surgeries is increasing with growing awareness among surgeons about cost-effective treatments. In the U.S., more than 15 Mn surgeries are performed annually. Between 2% and 5% of patients are estimated develop a surgical site infection, which is between 160,000 and 300,000 surgical site infections nationwide each year. Surgical site infections are among the most commonly occurring HAIs in the U.S., and are the most expensive to treat. Fortunately, the adoption of various disposable devices and kits has reduced the incidence of surgical site infections and HAIs. Thus, the increasing preference for the usage of disposable instruments for reducing the occurrence of HAIs is driving the demand for disposable instruments, which is creating growth opportunities for the disposable spinal instruments market. “To remain ‘ahead’ of your competitors, request for a sample” –  https://www.futuremarketinsights.com/reports/sample/rep-gb-6890 The demand for disposable instruments kits in the healthcare industry is growing at a significant rate, and the demand from unconventional end-use industries is one of the major factors fuelling the market for disposable spinal instruments. Growth in the number of end users, apart from hospitals, such as orthopaedic clinics and Ambulatory Surgical Centres (ASCs), is expected to create high demand for disposable spinal instruments. Moreover, the adoption of disposable instrument kits by various end users has reduced the risk of infections and cross-contamination, which has resulted in a reduction in the number of HAIs. Increase in the number of use cases of disposable spinal instruments in hospitals and ASCs is expected to boost the global demand for disposable instrument kits. According to CDC, the number of Medicare-certified ASCs has increased steadily from 239 in 1983 to 5,316 in 2010. Moreover, increasing geriatric population, which is prone to various types of spinal injuries, is estimated to boost the need for surgeries. This is expected to contribute to the demand for disposable spinal instruments. The increasing requirement of instrument kits during surgeries among the greying population, coupled with improved life expectancy, has created significant growth opportunities for the manufactures of disposable spinal instruments market. However, factors such as stringent regulations and the generation of a significant amount of waste due to the usage of disposable kits is expected to lower the growth of disposable spinal instruments in the forecast period. Get a Customized Scope to Match Your Need Ask an Expert-  https://www.futuremarketinsights.com/ask-question/rep-gb-6890 The disposable spinal instruments kits segment is a leading segment in terms of revenue by product type in the disposable spinal instruments market, with a 64.5% revenue share in 2018. These kits are most widely used in cervical and lumbar surgeries such as spinal fusion and decompression surgeries. Among the procedure type segments, the spinal fusion sub-segment accounts for the largest revenue share in the disposable spinal instruments market. Among all the end users in the disposable spinal instruments market, the hospitals sub-segment is expected to be a prominent segment, followed by the orthopaedic clinics sub-segment. The disposable spinal instruments market has been analysed across the regions of North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA. North America, followed by Europe, is a prominent region in the global disposable spinal instruments market. North America accounted for a revenue share of 45.8% in 2018 in disposable spinal instruments market. Europe, accounting for the second-largest revenue share, is followed by East Asia in the disposable spinal instruments market. India, China, and Brazil are emerging markets in the disposable spinal instruments market. China is one of the fastest-growing emerging markets in the global disposable spinal instruments market, and is projected to grow at a CAGR of 11.2% over the forecast period of 2019-2029. The disposable spinal instruments market report tracks some of the key companies operating in the disposable spinal instruments market, such as ECA Medical, Providence Medical Technology, Inc., Xenco Medical, Paradigm Spine, Intelligent Implant Systems, LLC, Safe Orthopaedics, SA , TeDan Surgical Innovations, LLC, and Joimax GmbH. Majority of the regional players in the disposable spinal instruments market are focused on increasing their product reach and connectivity with the regional distributors of disposable spinal instruments. The manufacturers of disposable spinal instruments are focusing on collaborating with established hospitals and ASCs to sell products as some of the medical practitioners are particular about the type and brand of products used for a surgical procedure. For critical insights, request for PDF Brochure:  https://www.futuremarketinsights.com/reports/brochure/rep-gb-6890 Key Segment

Paradigm Spine Frequently Asked Questions (FAQ)

  • When was Paradigm Spine founded?

    Paradigm Spine was founded in 2004.

  • Where is Paradigm Spine's headquarters?

    Paradigm Spine's headquarters is located at 505 Park Avenue, New York.

  • What is Paradigm Spine's latest funding round?

    Paradigm Spine's latest funding round is Acquired.

  • How much did Paradigm Spine raise?

    Paradigm Spine raised a total of $168.51M.

  • Who are the investors of Paradigm Spine?

    Investors of Paradigm Spine include RTI Surgical, PDL BioPharma, Robin Hood Ventures, Trevi Health Ventures, HealthCor Management and 5 more.

  • Who are Paradigm Spine's competitors?

    Competitors of Paradigm Spine include AcuFocus, Spineology, SpineGuard, Baxano, SpineLab and 13 more.

Compare Paradigm Spine to Competitors

R
Reduction Technologies

Reduction Technologies Inc. is developing a minimally-invasive spinal implant for the non-fusion treatment of scoliosis.

A
Axial Biotech

Axial Biotech, founded in 2002 by a group of spine surgeons and geneticists, is focused on the use of genetics and the development of minimally invasive fusionless devices to advance the diagnosis and treatment of diseases and deformities of the human spine. Axial is a company to pursue DNA-based pre-symptomatic and prognostic tests for common spinal conditions which will augment current clinical and surgical practices. In its initial genetic product development initiative, Axial has made progress towards the discovery of a location in the human genome that is associated with adolescent idiopathic scoliosis. In addition, Axial's founders have developed five motion preserving, fusionless surgical devices (including such device currently being implanted in humans) that have the promise of expanding the current treatable scoliosis patient population by a factor of ten. Axial intends to use its genetic intellectual property in the development of bio-mechanical devices, and to apply its gene discovery/product development methodology to other spinal diseases. Axial (www.axialbiotech.com) is located in Salt Lake City, Utah.

S
Spinal Restoration

Spinal Restoration restores patients' lives by delivering new therapies that address unmet needs in spine health management. These therapies are minimally invasive, early interventions with clinically proven results. The company is working with a diverse, highly regarded group of clinical and scientific advisors to develop and gain regulatory approval of the Biostat System, a proprietary resorbable biologic and delivery system for the treatment of chronic disc pain, based on solid scientific and clinical evidence.

N
N-Spine

NFlex is an engineered rod and spacer system that has been designed to precisely control the motion of unstable vertebral segments of the lumbar spine. The system aims to allow controlled spinal motion in flexion, extension and lateral bending, while limiting axial rotation and shear to very small amounts, these characteristics are similar to healthy lumbar spine motion. No other device on the market or in clinical trials can make the same claim.

B
Biorthex

Biorthex is an orthopedic device manufacturer that develops manufactures and markets innovative spinal interbody fusion devices and instruments for the treatment of degenerative conditions of the human spine

Spineology Logo
Spineology

Spineology provides anatomy-conserving spinal technologies for surgeons and their patients. Spineology surgical techniques conserve spinal bone, ligament, and muscle tissue. Spineology is committed to increasing procedural efficiency, reducing surgical morbidity, and accelerating patient recovery.

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