Centinel Spine recently announced achievement of record revenue in the first quarter of 2024—outperforming Q4 2023, its previous record quarter.
Centinel Spine remains the fastest growing company in the spine industry* and is dedicated exclusively to total disc replacement (TDR), the fastest growing segment in orthopedic implants.
First Quarter 2024 Highlights
- Record worldwide prodisc TDR revenue of $20.9 million, representing 47% year-over-year (YOY) growth.
- Record worldwide prodisc Cervical revenue of $13.3 million, with 53% YOY growth and 9% sequential quarterly growth.
- Record International prodisc TDR revenue of nearly $5 million, representing 34% YOY growth and nearly 40% sequential quarterly growth.
- Record U.S. prodisc total surgeon user-base of nearly 550 surgeons, representing 54% YOY growth and 8% sequential quarterly growth.
Highlights on the New Match-the-Disc™ prodisc C Vivo & prodisc C SK Cervical System
- Over 5,000 procedures have been completed with the new system (since limited release in Q3 2022).
- Record prodisc C Vivo and prodisc C SK revenue in Q1 2024, representing 216% YOY growth.
- Added record number of new surgeons using the Match-the-Disc system in Q1 2024, increasing the total number of system users by nearly 140% YOY and almost 20% in sequential quarterly growth.
- Nearly 75% of the over 600 surgeons using the Match-the-Disc system to date are repeat users and the strong majority of surgeon users come from competitive conversions.
* Based on publicly available information.
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