WishBone Medical
- Industry
- Pediatric Orthopedic Devices
- Founded Year
- 2017
- Headquarters
- Warsaw, Indiana, USA
- Employee Count
- 0
Key People
- Nick Deeter - Founder and CEO
- Kevin Blue - Chief Financial Officer
- Andrew Miclot - Vice Chairman and President
Assessment
- Team
-
Aspect: Multiple successful MedTech entrepreneurs
Summary: The leadership team comprises experienced professionals with a strong background in medical technology and orthopedic devices.
Nick Deeter, the founder and CEO, has a proven track record in the orthopedic industry, having previously founded and led successful companies. The presence of seasoned executives like Andrew Miclot further strengthens the leadership team.
- Clinical Need
-
Aspect: Very Strong
Summary: There is a significant unmet need for pediatric-specific orthopedic devices tailored to children's unique anatomical requirements.
The pediatric orthopedic devices market is projected to grow at a CAGR of 11.0% from 2024 to 2030, indicating a strong demand for specialized products. ([grandviewresearch.com](https://www.grandviewresearch.com/industry-analysis/pediatric-orthopedic-devices-market-report?utm_source=openai))
- Competition
-
Aspect: Somewhat crowded
Summary: The market includes several established players, but opportunities exist for differentiation through innovation.
Key competitors include OrthoPediatrics Corporation, Pega Medical Inc., and major orthopedic companies like Stryker and Johnson & Johnson. ([grandviewresearch.com](https://www.grandviewresearch.com/industry-analysis/pediatric-orthopedic-devices-market-report?utm_source=openai))
- Technical Challenge
-
Aspect: Moderate
Summary: Developing pediatric-specific implants involves unique design and manufacturing challenges but is achievable with current technology.
The use of 3D printing and bioresorbable materials has facilitated the creation of customized pediatric implants, addressing technical challenges effectively. ([databridgemarketresearch.com](https://www.databridgemarketresearch.com/reports/global-ortho-pediatric-devices-market?utm_source=openai))
- Patent
-
Aspect: Strong
Summary: The company holds a robust patent portfolio, providing a competitive advantage.
WishBone Medical has secured patents for its pediatric orthopedic devices, ensuring protection of its unique designs and technologies.
- Financing
-
Aspect: Medium
Summary: The company has secured funding from private investors but may require additional capital for expansion.
While initial funding has supported early growth, additional financing will be necessary to capitalize on market opportunities and expand the product portfolio.
- Regulatory
-
Aspect: 510k/PMA
Summary: The company has successfully navigated regulatory pathways for its products.
WishBone Medical has obtained necessary FDA clearances for its pediatric orthopedic devices, ensuring compliance with regulatory standards.
Opportunity Rollup
- Odds of Success
- 4.05
- Peak Market Share
- 5.3
- Segment CAGR
- 11.0%
- Market Segment
- Pediatric Orthopedic Devices
- Market Sub Segment
- Trauma and Deformities
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.27 |
| 2 | 0.80 |
| 3 | 1.86 |
| 4 | 3.71 |
| 5 | 5.30 |
Key Takeaway
WishBone Medical is well-positioned to capitalize on the growing demand for pediatric orthopedic devices, leveraging its experienced team and innovative product offerings to address a significant clinical need.