Silk Road Medical Inc
NASDAQ:SILK
Silk Road Medical Inc
Research & Development
Silk Road Medical Inc
Research & Development Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Research & Development | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
Silk Road Medical Inc
NASDAQ:SILK
|
Research & Development
-$42.7m
|
CAGR 3-Years
-16%
|
CAGR 5-Years
-30%
|
CAGR 10-Years
N/A
|
|
|
Haemonetics Corp
NYSE:HAE
|
Research & Development
-$62.2m
|
CAGR 3-Years
-9%
|
CAGR 5-Years
-15%
|
CAGR 10-Years
-3%
|
|
|
ICU Medical Inc
NASDAQ:ICUI
|
Research & Development
-$87.5m
|
CAGR 3-Years
2%
|
CAGR 5-Years
-15%
|
CAGR 10-Years
-19%
|
|
|
Align Technology Inc
NASDAQ:ALGN
|
Research & Development
-$369.9m
|
CAGR 3-Years
-7%
|
CAGR 5-Years
-16%
|
CAGR 10-Years
-20%
|
|
|
Lantheus Holdings Inc
NASDAQ:LNTH
|
Research & Development
-$177.3m
|
CAGR 3-Years
17%
|
CAGR 5-Years
-43%
|
CAGR 10-Years
-29%
|
|
|
Merit Medical Systems Inc
NASDAQ:MMSI
|
Research & Development
-$97.4m
|
CAGR 3-Years
-6%
|
CAGR 5-Years
-11%
|
CAGR 10-Years
-9%
|
|
Silk Road Medical Inc
Glance View
In the often complex maze of the medical device industry, Silk Road Medical Inc. has carved a distinctive path by addressing a significant healthcare need—reducing the risks associated with carotid artery disease, a major cause of stroke. Founded with a vision of minimizing the invasiveness of medical procedures, this California-based company has innovated a novel approach known as Transcarotid Artery Revascularization (TCAR). Unlike traditional methods, TCAR allows physicians to directly access the carotid artery through a small incision at the neckline. By temporarily reversing blood flow, it prevents any dislodged plaque from traveling to the brain during the procedure. This surgery can be completed in a fraction of the time typically required, providing a crucial advantage in terms of patient safety and recovery. Silk Road Medical's business model thrives on the production and sale of the specialized instruments that enable this innovative procedure. The company generates revenue primarily through the sale of these proprietary devices, which are designed to be used in conjunction with TCAR surgeries conducted by trained vascular surgeons. Their product line, which includes devices like the ENROUTE Transcarotid Neuroprotection System and the ENROUTE Transcarotid Stent System, is at the heart of their financial success. By offering a solution that blends safety, efficacy, and hospital efficiency, Silk Road Medical not only meets a medical demand but also strategically positions itself in a niche market, capitalizing on the growing adoption of minimally invasive techniques across healthcare systems worldwide.
See Also
What is Silk Road Medical Inc's Research & Development?
Research & Development
-42.7m
USD
Based on the financial report for Jun 30, 2024, Silk Road Medical Inc's Research & Development amounts to -42.7m USD.
What is Silk Road Medical Inc's Research & Development growth rate?
Research & Development CAGR 5Y
-30%
Over the last year, the Research & Development growth was -10%. The average annual Research & Development growth rates for Silk Road Medical Inc have been -16% over the past three years , -30% over the past five years .