Rahul Ganti

Prosthetics Medical Devices Competitive Analysis Critical question/Client Request Top 3 competitors to LIM Innovations. Assessment on how their product/company compares to their competitors? Deliver Comprehensive CI and CA reports Overview In medicine, a prosthesis, (from Ancient Greek prósthesis, "addition, application, attachment") is an artificial device that replaces a missing body part lost through trauma, disease, or congenital conditions. Prosthetic amputee rehabilitation is coordinated by an inter-disciplinary team of health care professionals including physiatrists and Prosthetists. Market • • • • • • • • • • The overall prosthetics market in the USA earned revenues of $1.45B in 2006 and estimates that number to reach $1.85B by 2013. Hip and knee replacements are big drivers of the orthopedic prosthetic market. Over 100,000 cochlea implants are currently in place globally. The limb future prosthetics devices and the accompanying services market are estimated to exceed $5 billion (of which an estimated $3 billion alone is in amputee patient services) in the U.S. Major technological advancements drive the limb prosthetics market. Outstanding innovative advancements in technology have catalyzed the modernization of prosthetics, spurring a significant growth in the prosthetics market. Contemporary prosthetic devices cater to the specific needs of patients. Products ranging from conventional knees to energy-storing feet help amputees lead more normal and productive lives. The prosthetics market is impacted by the occurrence of disease, war, and accidents. Diabetes and peripheral vascular diseases rank as the number one cause of amputation in the United States, where an average 185,000 amputations are performed annually, thus increasing the consumer base and presenting opportunities for service providers. While diseases such as diabetes and peripheral vascular disease are the leading causes of amputation, accidents and war continue to play a major role in driving the limb prosthetics market. Technological growth and an increasing consumer base of amputees are bolstering the prosthetics market growth. Competitors RG Page 1 Prosthetics Medical Devices Competitive Analysis Ability Dynamics LLC Ability Dynamics combines the best in next-generation prosthetic foot expertise and design innovation to deliver the most natural walking and mobility experience possible for amputees. We understand that comfort leads to confidence, and that confidence leads to a person’s true potential. That’s why lower extremity amputee mobility challenges are at the forefront of our innovative prosthetic foot designs, the RUSH87™ and RUSH81™. Sales $0.58M * • RG Product: Rushfoot-Flexeon o Competitive features RUSH foot is made from a groundbreaking composite fiber called Flexeon™ which is used in aerospace. Excellent durability, responsiveness and flexibility, unique engineering and simplistic design are the key features The upper and lower struts offer amputees three times more flexibility than carbon fibre prosthetics. With its powerful strength, it can take a beating in most difficult terrain. Amputees with K3 and K4 activity levels are able to enjoy their fast-paced lifestyles worry-free of breakage or unneeded maintenance. Page 2 Prosthetics Medical Devices Competitive Analysis Freedom Innovations LLC Freedom Innovations was founded in 2002 by a trio of experts with nearly 30 years each of combined experience in the medical device manufacturing industry and related areas of business. Our vision for the company is to create the best and most affordable prostheses and accompanying components for lower-limb amputees who want and need a quick and easy return to normal activity following surgery. Sales: $10.1M* • RG Product: Kinterra Foot/Ankle System o Competitive features The Kinterra Foot/Ankle System combines hydraulics and carbon fibre technology to provide low to moderate impact K3 ambulators an exceptionally normal walking gait– regardless of surface angle or speed. The result is rock solid stability and the confidence for users to choose a new path. Increased ground contact and a more symmetrical gait Improved stability and safety, especially on slopes and varied terrain Reduced socket pressures for healthier residual limbs Enhanced comfort while sitting and squatting User confidence and satisfaction Page 3 Prosthetics Medical Devices Competitive Analysis College Park Industries Inc College Park Industries is a leader in prosthetic foot manufacturing, providing the most anatomically correct prosthetic feet available today. College Park's customers include independent orthotic and prosthetic facilities worldwide. Endusers of College Park products are lower limb amputees of all ages who maintain low to high activity levels. Sales: $5.8M* • RG Product: Soleus o Competitive features The patented Soleus™ foot integrates multiple composite springs through a tough, flexible plantar ligament. This unique design produces a superior quality range of motion while also returning high levels of energy. Synchronized springs for a Smooth Transition. Multiple spring elements work as one to provide a seamless Polycentric ankle design provides superior stance phase control. Vertical shock absorption accommodates high impact activities. Highly dynamic springs provide multi-axial terrain compliance. Page 4 Prosthetics Medical Devices Competitive Analysis Revolimb LLc Revolimb is a prosthetic R & D company based in Salt Lake City, Utah. Revolimb designs products that bring relief. It is a technology company born out of the belief that amputees should have greater control over their comfort. Revolimb has taken the top five complaints heard in a prosthetist's office and has set out to eliminate them. Revofit is a revolutionary step towards changing the way sockets are designed and the way sockets are worn, forever. Sales $0.13M Sales: $0.13M* • Product: Revofit o Competitive features Micro-adjustable prosthetic limb that allows the user to instantly control the fit of your socket without ever having to remove it. User can easily customize the fit, feel and performance of your prosthesis by fine-tuning socket compression around his/her limb. User can change throughout the days, months, and years, you can have a socket that will change with you. Few other players in the market American Prosthetic Components, LLC Grace Prosthetic Fabrication, Inc. Orthotic and Prosthetic Equipment Orthotic and Prosthetic Group of America (OPGA) ORTOTEK Ltd. Prosthetic Orthotic Components Prosthetic Design, Inc Prosthetics Research Specialists, Inc Realistic Prosthetics Tidwell’s Orthotics and Prosthetics RG Page 5