Xtremity
- Industry
- Medical Devices & Equipment
- Founded Year
- 2017
- Headquarters
- Denver, Colorado
- Employee Count
- 0
Key People
-
DT Boon - Regional Sales Manager Mid-Atlantic
Email: dt@xtremity.com
- Chris DeGroff - Sales Manager
Assessment
- Team
-
Aspect: First-time 10+ yrs
Summary: The team comprises experienced professionals with over a decade in the field.
A team with over 10 years of experience in the medical device industry brings valuable insights and expertise, enhancing the company's ability to navigate challenges and drive innovation.
- Clinical Need
-
Aspect: Strong
Summary: The product addresses a significant need for adjustable and quickly fabricated prosthetic sockets.
The XtremityTT socket system offers rapid fabrication and adjustability, addressing common issues faced by prosthetists and patients, thereby fulfilling a strong clinical need.
- Competition
-
Aspect: Somewhat crowded
Summary: The market has several established players, but Xtremity's unique offerings provide a competitive edge.
While the prosthetic socket market includes key players like ssur and Ottobock, Xtremity's innovative thermoformable socket technology offers a unique value proposition that can distinguish it in the market.
- Technical Challenge
-
Aspect: Predictable
Summary: The technology involves moderate complexity with predictable development pathways.
Developing thermoformable prosthetic sockets involves known materials and manufacturing processes, making the technical challenges predictable and surmountable.
- Patent
-
Aspect: Strong
Summary: The company holds strong patents protecting its innovative socket technology.
Strong patents safeguard Xtremity's proprietary thermoformable socket technology, providing a competitive advantage and potential barriers to entry for competitors.
- Financing
-
Aspect: Well-funded
Summary: The company has secured significant funding, including an $8.1 million Series B3 round.
The $8.1 million Series B3 financing round provides the necessary capital for Xtremity to bring its prosthetic technology to market and establish a strong presence in the industry.
- Regulatory
-
Aspect: 510k/PMA
Summary: The product has obtained necessary regulatory approvals for market entry.
Securing 510(k) clearance or PMA approval indicates that the product meets regulatory standards, enabling Xtremity to market its prosthetic sockets in compliance with industry regulations.
Opportunity Rollup
- Odds of Success
- 3.9
- Peak Market Share
- 5.55
- Segment CAGR
- 8.2%
- Market Segment
- Prosthetic Sockets
- Market Sub Segment
- Transtibial Prosthetic Sockets
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.28 |
| 2 | 0.83 |
| 3 | 1.94 |
| 4 | 3.88 |
| 5 | 5.55 |
Key Takeaway
Xtremity's innovative thermoformable prosthetic socket technology positions it well in a growing market, supported by strong funding and strategic partnerships.