Bluegrass Vascular Technologies
- Industry
- Medical Technology
- Founded Year
- 2011
- Headquarters
- San Antonio, Texas, United States
- Employee Count
- 5
Key People
- Gabriele Niederauer - CEO & President
- John Gurley - Founder
- Mark Horsey - Chief Financial Officer & Financial and Accounting Advisor
Assessment
- Team
-
Aspect: First-time 10+ yrs
Summary: The leadership team includes experienced professionals with significant industry experience.
The CEO and founder have extensive backgrounds in medical technology, contributing to the company's innovative approach.
- Clinical Need
-
Aspect: Very Strong
Summary: The Surfacer System addresses a significant unmet need in vascular access procedures.
By providing a novel 'inside-out' approach, the Surfacer System offers a solution for patients with venous occlusive disease, reducing the need for invasive surgical techniques.
- Competition
-
Aspect: First mover
Summary: Bluegrass Vascular Technologies was a pioneer in its field with the Surfacer System.
The company's innovative approach positioned it as a leader in addressing venous occlusive disease, with limited direct competition at the time.
- Technical Challenge
-
Aspect: Moderate
Summary: The development of the Surfacer System involved moderate technical challenges.
While innovative, the technology required careful development and testing to ensure safety and efficacy, presenting moderate technical challenges.
- Patent
-
Aspect: Strong
Summary: The company held strong patents for its Surfacer System.
The granted patents provided a competitive advantage and protected the company's intellectual property in the vascular access market.
- Financing
-
Aspect: Medium
Summary: The company secured a Series A funding round of $4.5 million.
The funding enabled the company to pursue regulatory approvals and enhance manufacturing capabilities, supporting its growth and development.
- Regulatory
-
Aspect: 510k/PMA
Summary: The Surfacer System received FDA authorization and CE Mark approval.
Achieving these regulatory milestones allowed the company to market its product in the U.S. and Europe, expanding its potential customer base.
Opportunity Rollup
- Odds of Success
- 3.55
- Peak Market Share
- 5.2
- Segment CAGR
- 4.4%
- Market Segment
- Peripheral Vascular Devices
- Market Sub Segment
- Venous Access Devices
| Year Post Launch | Market Penetration (%) |
|---|---|
| 1 | 0.26 |
| 2 | 0.78 |
| 3 | 1.82 |
| 4 | 3.64 |
| 5 | 5.20 |
Key Takeaway
Bluegrass Vascular Technologies developed the innovative Surfacer System, addressing a critical need in vascular access procedures, leading to its acquisition by Merit Medical Systems in 2023.