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Nuvectra Corporation

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Nuvectra Corporation - Healthcare showcase

Year Founded & Workforce

2016

Industry

Healthcare

Services

Spinal Cord Stimulation
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Nuvectra Corporation Overview

Company Headquarters: Texas, US

Founded: 2016

Company Working: Nuvectra Corporation offers its devices for neurological indications such as spinal cord stimulation. Moreover, the company is continuously engaged in improving and developing medical devices for neurological conditions, such as sacral nerve stimulation and deep brain stimulation.

Strategy

The company is focused on enhancing its brain implants product line and for the improvement of available products in the market. The company more focuses on increasing approvals for launches of new products.

Company Snapshot

$5.23M

Revenue

2016

Founded

Texas, US

Headquarters

SWOT Analysis

Strengths

  • Innovative products
  • High customer satisfaction

Weaknesses

  • Low contribution to the Asian market
  • Limited products segment

Opportunities

  • Expansion in untapped regions
  • Focus on product expansion

Threats

  • High competition

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Key Developments

DateApproachDevelopment
–Product ApprovalThe company received the premarket approval for its Algovita SCS.
–Product ApprovalThe company received the CE Mark approval for its Algovita SCS.

Product Offering

  • Nuvectra Corporation
    • Spinal Cord Stimulation

Financial Performance

Explore key financial metrics, segmented revenue, balance sheet health, and performance trends.

By Business Segment: Sales rose from USD 5.2 Mn in 2015 to USD 31.8 Mn in 2017.
Nuvectra Corporation — By Business Segment
Series (USD Mn)201520162017
Sales5.212.531.8

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