#OrthoSpineInsider (Vol 2)
Daniel Spencer
Co Founder | Managing Director | Leading a Medtech & Biotech Talent Firm that ensures culture isn't forgotten when hiring.
#OrthoSpineInsider (Vol 2)
Welcome to The Ortho Spine Insider Vol 2, your monthly source for the latest news, research, and insights in the world of orthopedics and spine. We'll keep you informed on the latest technology developments and market movements in this rapidly evolving space, providing insights and analysis on everything from new treatments to emerging technologies, regulatory changes, and industry trends.
Whether you're a healthcare professional, an industry representative, or simply interested in learning more about the orthopedic & spine industries,?#orthospineinsider?has something for you. We provide valuable insights to help you stay ahead of the curve, including exclusive content & feature interviews that you won't find anywhere else.
We're always looking for ways to collaborate with other industry experts and thought leaders. If you're interested in contributing or featuring, please reach out. We'd love to hear from you!
Company Focus: Artelon
Artelon Inc just secured an impressive $20 million in Series B funding, led by Vensana Capital , along with participation from their existing investors. This significant financial boost will fuel their commercial growth, advance clinical research, and expand their product line for surgical treatment of joint instability, including ankles and other joints.
As Ankle sprains are the number one reason for emergency room visits in?the United States, and up to 20 percent of those patients will develop chronic instability after these injuries Already. Artelon are focused on delivering surgical solutions to combat this issue, bringing over 30 years of dedicated research and expertise to the market. They've already achieved commercial success with products like Flexband? SOLO and Flexband MULTI they are ready to explore new clinical indications, and become the leader in a market that Aaron Smith (CEO) describes as "a large and underserved market".
Is Shoulder Surgery the best investment opportunity?
We are seeing a huge shift in shoulder surgery, with outpatient surgery numbers increasing at a faster rate than knees and hips. Numbers currently suggest we will see a 235% uplift in shoulder surgeries by 2025.
What does this mean?
While VC/PEs have shifted focus to emerging areas like Neuro & Digital Health, ortho/spine companies have found it more challenging to raise funds. The shoulder market could buck that trend, with key players that are focused solely on shoulder surgery attracting investment and emerging manufacturers capturing market share at a remarkable rate.
Market feedback is generating a consistent message that the shoulder market is a fantastic opportunity for investors. With such a tailored product focus, the smaller players in this space are launching surgical solutions that will disrupt a market that has long been dominated by Exactech and the corporate conglomerates. You only need to look back a few years to see what happened to the last major disrupter as Tornier merged with Wright Medical for $3.3 billion.
So who are the key innovators that are raising funds, investing in growth, and disrupting the market?
Shoulder Innovations oversubscribed their Series D financing, raising $42 million. This will allow them to accelerate demand with major investments in their commercial organization. SI offers a comprehensive portfolio of shoulder solutions with the additional benefit of one set of instruments that can be used for the entire implant portfolio. A huge value add for the outpatient setting and a health economic win that aligns with the cost-sensitive needs of healthcare systems.
FX Shoulder Solutions launched its US operation ins 2018 after the acquisition by Ekkio Capital . But the time is now for the European market leader, as they relocate their corporate HQ to the US. Under Baptiste M , the company is building out its US-based Executive leadership team, with further investment fuelling their commercial expansion. If they continue to outperform the market, FX will position itself as a prime acquisition target.
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Who's hiring?
Following huge layoff's in the multinationals, the market is flooded with talent. But professionals are facing big obstacles (location restrictions, non-competes, and the huge volume of applicants to name a few). These obstacles are also causing headaches for hiring companies, so OrthoSpineInsider wants to help. Each newsletter will include hiring opportunities for you to explore. Furthermore, we are happy to provide any advice and guidance on identifying the right next challenge.
Current Opportunities in Ortho/Spine (Apply direct)
Bolt Navigation : Regional Sales Director (West)
SeaSpine : Director of Marketing (Carlsbad)
Paragon 28 : Director of Regulatory Affairs
PathKeeper : Clinical Specialist (Multiple locations)
OrthAlign, Inc. : Regional Sales Manager (Multiple Locations)
restor3d : Product Development Engineer & Quality Engineer (North Carolina)
ZetrOZ Systems : Sales Executives (Multiple Locations)
There are a wide array of other companies hiring. Keep an eye on job postings and stay well-networked to remain in the know.
The latest in OrthoSpine:
?? PathKeeper complete first surgeries in the USA!
?? Onkos Surgical raise a further $26.8 million for their Series C
?? KOLOSIS and MTF Biologics form a strategic partnership to enter Surgical Incision Market
?Do you have any thoughts, or news to share? Join the conversation on LinkedIn by following the hashtag?#orthospineinsider, and follow my page to participate in biweekly polls to share your insight!
If you're looking to add exceptional talent to your team or seek new opportunities in the industry, please feel free to reach out to me!?
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