Avitus Orthopaedics
- Industry
- Medical Devices
- Founded Year
- 2011
- Headquarters
- 6 Armstrong Rd, Shelton, Connecticut, 06484, United States
- Employee Count
- 26
Key People
- Neil Shah - Chief Executive Officer, Co-Founder, Co-Inventor
- Maxim Budyansky - Chief Technology Officer, Co-Founder, Co-Inventor
- Kelly Turner - Vice President of Sales
Assessment
- Team
-
Aspect: Multiple successful MedTech entrepreneurs
Summary: The leadership team comprises experienced professionals with backgrounds in biomedical engineering and orthopaedic surgery.
The founders' combined expertise in engineering and surgery positions the company well for innovation and effective product development.
- Clinical Need
-
Aspect: Very Strong
Summary: The Avitus Bone Harvester addresses a significant need for efficient, minimally invasive bone graft harvesting.
By providing a method to harvest substantial volumes of autograft quickly and with minimal morbidity, the device meets a critical demand in orthopaedic procedures.
- Competition
-
Aspect: Somewhat crowded
Summary: The market for bone graft harvesting devices includes several established players.
While the Avitus Bone Harvester offers unique advantages, it competes with other devices and methods in the orthopaedic surgical market.
- Technical Challenge
-
Aspect: Predictable
Summary: The technology involves established surgical principles with innovative application.
The device's design leverages known surgical techniques, reducing technical risks associated with its development and adoption.
- Patent
-
Aspect: Strong
Summary: The company holds patents protecting its bone harvesting technology.
Strong patent protection enhances the company's competitive position and potential for market exclusivity.
- Financing
-
Aspect: Medium
Summary: The company has secured funding from various investors, including venture capital and grants.
With approximately $9.6 million raised, the company has a solid financial foundation to support its growth and product commercialization.
- Regulatory
-
Aspect: 510k/PMA
Summary: The Avitus Bone Harvester has received regulatory clearance for clinical use.
Obtaining regulatory approval facilitates market entry and adoption by healthcare providers.
Opportunity Rollup
- Odds of Success
- 3.65
- Peak Market Share
- 4.9
- Segment CAGR
- 3.0%
- Market Segment
- Orthopedic Devices
- Market Sub Segment
- Bone Graft Harvesting Instruments
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.24 |
| 2 | 0.73 |
| 3 | 1.71 |
| 4 | 3.43 |
| 5 | 4.90 |
Key Takeaway
Avitus Orthopaedics, with its innovative bone harvesting technology and experienced team, is well-positioned to address a significant clinical need in orthopaedic surgery, despite facing a competitive market landscape.