According to data obtained from SmartTrak Medical Device and Wound Market Intelligence, in the third quarter of 2024 (Q324), the US Skin Substitute / Cellular Tissue Product (CTP) market reached $1.75 BILLION. That figure is up 64.0% compared to the third quarter of 2023 (Q323) – one year ago. Amniotic products held the vast majority of the US market at 79.1% share, up from 73.3% in Q323.
Dr. Fife is a world renowned wound care physician dedicated to improving patient outcomes through quality driven care. Please visit my blog at CarolineFifeMD.com and my Youtube channel at https://www.youtube.com/c/carolinefifemd/videos
The opinions, comments, and content expressed or implied in my statements are solely my own and do not necessarily reflect the position or views of Intellicure or any of the boards on which I serve.
The company you want to be looking into (which you mentioned before) is Extremity Care. They are probably the biggest distributor of these products and most of their clients are most likely abusing the Medicare loophole. Some are small time podiatrist offices and decent sized mobile wound care clinics. The ceo established a parent company called Tiger Biosciences LLC and in the last year, he’s used the funds he made off of these products to purchase several companies in the US, Germany and Poland. He is trying to move into beauty/aesthetic products along with medical equipment. My guesstimation is that with the upcoming CMS changes (none of their products are on the approved list), he’s trying to pivot into different industries to keep his money train/startup empire rolling. This company has made an obscene amount of money in just two years and nobody really knows about it since it is a privately held company. They also own the manufacturer of their CPT product called REGENTX based in Texas. When there are product issues, they buy the same products from different companies to distribute. The products Extremity Care distributes are essentially the same, but they rebrand them every quarter to make the most profit off of them. Their sales reps make millions a year along with their “Chief Legal Officer.” Source: Former employee prior to the company taking off.
Jbh