SmartTRAK highlights companies to watch as they continue their double-digit growth train with multiple catalysts for expansion in 2024.
Continued Double-Digit Growth in 2024
- Alphatec Spine: Expanding Its Competitive Moat in Lateral Procedures
- Alphatec has grown double digits yearly over the last five years. ATEC is now the #1 pure-play Spine Market leader and #5 in the overall Spine Market. These market share gains can be attributed to ... (read more)
- SI-Bone: Competition Will Test the SI Fusion Market Leader in 2024
- SI-Bone has grown double digits over the past three years. SIBN is the market leader in minimally invasive spine (MIS) SI Fusion with over 55% market share in the SI Fusion Market and more than ... (read more)
- Centinel Spine: Fastest Growing Spine Company in 2023
- In 2023, Centinel Spine was the fastest-growing spine company in one of the fastest-growing areas in spine, motion preservation. Centinel Spine reported record worldwide total disc replacement (TDR) revenue of nearly ... (read more)
Companies Closing in on $100MM in 2024
Both Spinal Elements and Xtant Medical came close to reaching the $100MM revenue mark in 2023 and SmartTRAK expects both to reach that lofty milestone in 2024.
- Spinal Elements: Focus on MIS Innovation, the Aging Spine and ASCs
- Spinal Elements was just shy of $100MM in revenues in 2023. The company is focused on some of the fastest-growing trends in spine including ... (read more)
- Xtant Medical: Integrated Hardware, Biologics and More Acquisitions
- Xtant Medical (XTNT) is also closing in on the $100MM revenue mark, growing +54.5% over 2022. XTNT had an exciting year of acquisition activity, including ... (read more)
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