Mequon, Wisconsin-based Titan Spine is on a roll, recently announcing that it continues its strong revenue acceleration for the second quarter of 2017. More than 70,000 of its devices have been implanted, it has more than 50 patents and the company has grown to $63 million in revenue. Spine Wave is Titan Spine's #3 rival. A press release reports that the acquisition provides opportunities to bundle interbodies, screws, rods, biologics, and “enabling” technologies, such as navigation, to develop “integrated procedural solutions”. To learn more, visit www.titanspine.com.Medtronic has also made key acquisitions since the report was last updated in October 2018, including the purchase of Titan Spine for an ...Medtronic has completed its acquisition of Titan Spine, which has a range of interbody fusion devices that feature unique surface technology.
We have recently invested significant capital to beef up our instrument set and implant inventory to meet this growing demand, which will start to pay dividends over the remainder of the year and beyond.”“Through our efforts, there is a growing understanding that nanotechnology is much more than a marketing buzzword. If applied correctly, it is a very effective way to influence patient healing where it matters most—at the cellular level. Our nanoLOCK surface technology is uniquely positioned to continue to take market share in an industry that is rapidly moving toward surface-enhanced interbody devices. Titan Spine operates in the Health Care Technology industry. The market acceptance of nanoLOCK thus far has played a large role in fueling our hypergrowth.“What excites me most is not only that we have enjoyed accelerated growth over the past year, but also that it is sustainable moving forward. Medtronic has completed its acquisition of Titan Spine, which has a range of interbody fusion devices that feature unique surface technology. 8. Titan Spine, headquartered in Mequon, Wisconsin, markets a full line of Endoskeleton® interbody fusion devices featuring its proprietary textured surface through its sales force and a network of independent distributors. Titan Spine is a top competitor of Spinal Elements. Spine Wave generates 30% the revenue of Titan Spine. 7. It is classified as operating in the Surgical & Medical Instrument Manufacturing industry. The future is very bright at Titan Spine. I’m glad to be a part of it.”Ted Bird, chief commercial officer of Titan Spine, said, “Following a record first quarter, we continued to exceed expectations during the second quarter for a strong close to the mid-2017 mark.”
Titan Spine raised an indefinite series B equity fund for early investors that launched in June 2012 and totaled $202,262, and a series B round launched in August 2016 now totals $1.8 million. Titan Spine's annual revenues are $10-$50 million (see exact revenue data) and has 100-500 employees. During the second quarter earnings call, as transcribed by Seeking Alpha, Geoffrey Martha, president of Medtronic, said that the spine results are the best the company has seen in a "long, long, long time." 6. The global spinal implants market was valued at US$ XX Mn in the year .... Titan Spine is a privately-held titanium spine interbody implant and ...Titan Spine is a surface technology company that produces the only FDA-cleared nanotechnology interbody fusion devices that participate in the spinal fusion process. What I read is that nano has no porosity for bone to grow into only a rough surface that does nothing more than resist migration.“In fact, we have more than doubled the number of surgeon customers using nanoLOCK in the second quarter compared to the first. Titan Spine has annual revenue of $25.1M, total funding of N/A, has 100 employees and grew their employee count by -17% last year.
Titan Spine was founded in 2005, and its headquarters is in Mequon, Wisconsin. Over the past 10 years, it has grown at a rate of more than 40 percent per year. More than 70,000 of its devices have been implanted, it has more than 50 patents and the company has grown to $63 million in revenue. We are pleased that our second quarter achievements demonstrate a growing confidence and continued adoption of nanoLOCK.”According to the company’s August 2, 2017 news release, this success is driven by the increasing demand for the company’s nanoLOCK surface technology.Titan’s Executive Vice President of Sales Steve Cichy added, “The demand for nanoLOCK has certainly fueled our significant sales growth over the first half of this year. Titan Spine launched in 2006 and has since created a sea change in its industry vertical.
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