Visibly
- Industry
- Healthcare Technology
- Founded Year
- 2012
- Headquarters
- Chicago, Illinois, USA
- Employee Count
- 50
Key People
- Brent Rasmussen - CEO
- Paul Foley - Co-Founder & COO
- James Kelley - Co-Founder & Chief Vision Officer
Assessment
- Team
-
Aspect: First-time 10+ yrs
Summary: The leadership team comprises experienced professionals with over a decade in their respective fields.
The leadership's background suggests a strong foundation for navigating the healthcare technology sector.
- Clinical Need
-
Aspect: Strong
Summary: The company's focus on digital vision care addresses a significant and growing need in the market.
With a rising number of individuals requiring vision correction, the company's offerings are timely and relevant.
- Competition
-
Aspect: Somewhat crowded
Summary: The market has several players, but opportunities exist for differentiation.
The presence of competitors necessitates a clear value proposition to stand out in the market.
- Technical Challenge
-
Aspect: Predictable
Summary: The technological aspects of the product are well-understood and manageable.
Given the team's expertise, the technical challenges are within their capacity to address effectively.
- Patent
-
Aspect: Applied
Summary: The company has applied for patents to protect its innovations.
Patent protection is crucial for safeguarding intellectual property and maintaining market position.
- Financing
-
Aspect: Well-funded
Summary: The company has secured substantial funding from reputable investors.
Adequate funding ensures the company can invest in product development and market expansion.
- Regulatory
-
Aspect: 510k/PMA
Summary: The company has obtained necessary regulatory clearances for its products.
Achieving regulatory milestones is essential for market entry and consumer trust.
Opportunity Rollup
- Odds of Success
- 3.9
- Peak Market Share
- 5.55
- Segment CAGR
- 4.3%
- Market Segment
- Ophthalmic Devices
- Market Sub Segment
- Digital Vision Care Solutions
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.28 |
| 2 | 0.83 |
| 3 | 1.94 |
| 4 | 3.88 |
| 5 | 5.55 |
Key Takeaway
Visibly is well-positioned to capitalize on the growing demand for digital vision care solutions, supported by a strong team and favorable market trends.