Hinge Health
- Industry
- Healthcare Software
- Founded Year
- 2014
- Headquarters
- San Francisco, CA
- Employee Count
- 1600
Key People
- Daniel Perez - Co-Founder, CEO
- Gabriel Mecklenburg - Co-Founder
- Ron Will - CFO
- Erin Wilson - Vice President of Sales and Commercial Strategy
- Jeffrey Krauss - CMO
Assessment
- Team
-
Aspect: Multiple successful MedTech entrepreneurs
Summary: The leadership team comprises experienced entrepreneurs with successful backgrounds in the MedTech industry.
Daniel Perez and Gabriel Mecklenburg have demonstrated strong leadership and innovation in the MedTech space, contributing to the company's rapid growth and market presence.
- Clinical Need
-
Aspect: Very Strong
Summary: The company's focus on musculoskeletal (MSK) care addresses a significant and growing clinical need.
With a substantial portion of the population experiencing MSK issues, Hinge Health's solutions cater to a critical and underserved area in healthcare.
- Competition
-
Aspect: Somewhat crowded
Summary: The digital MSK care market has several competitors, though Hinge Health maintains a strong position.
While competitors like Kaia Health and Omada Health exist, Hinge Health's comprehensive approach and established client base provide a competitive edge.
- Technical Challenge
-
Aspect: Predictable
Summary: The technical aspects of delivering digital MSK care are well-understood and manageable.
The integration of wearable devices and digital platforms in healthcare is established, reducing technical uncertainties for Hinge Health.
- Patent
-
Aspect: Strong
Summary: The company holds strong patents, particularly for its Enso device.
Patents for devices like Enso provide Hinge Health with intellectual property protection, supporting its market position.
- Financing
-
Aspect: Well-funded
Summary: Hinge Health has secured substantial funding, including a $400 million Series E round in 2021.
The significant funding from reputable investors enables Hinge Health to invest in technology, expand services, and scale operations effectively.
- Regulatory
-
Aspect: 510k/PMA
Summary: The company has obtained necessary regulatory approvals for its devices and services.
FDA clearance for devices like Enso ensures compliance with regulatory standards, allowing Hinge Health to operate confidently in the healthcare market.
Opportunity Rollup
- Odds of Success
- 3.5
- Peak Market Share
- 4.4
- Segment CAGR
- 10.7%
- Market Segment
- Digital Musculoskeletal (MSK) Care
- Market Sub Segment
- Virtual Physical Therapy and Pain Management
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.22 |
| 2 | 0.66 |
| 3 | 1.54 |
| 4 | 3.08 |
| 5 | 4.40 |
Key Takeaway
Hinge Health is well-positioned in the growing digital MSK care market, leveraging strong leadership, substantial funding, and a comprehensive service offering to address a significant clinical need.