Artivion, Inc. (AORT) Bundle
An Overview of Artivion, Inc. (AORT)
General Summary of Artivion, Inc. (AORT)
Artivion, Inc. is a medical technology company specializing in cardiac and vascular surgical technologies. Founded in 1993, the company focuses on developing innovative medical devices and solutions.
Company Products and Services
Artivion's primary product portfolio includes:
- Surgical technologies for cardiac and vascular procedures
- Biological tissue processing and preservation solutions
- Medical grafts and implantable devices
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $248.6 million |
| Net Income | $17.4 million |
| Gross Margin | 61.3% |
| Operating Cash Flow | $43.2 million |
Market Position and Performance
Key Market Segments:
- Cardiac Surgery Technologies
- Vascular Surgical Solutions
- Biological Tissue Processing
Artivion reported strong performance in 2023, with significant growth in key market segments and continued technological innovation.
Key Performance Indicators
| Performance Indicator | 2023 Data |
|---|---|
| Product Sales Growth | 12.7% |
| Research & Development Investment | $37.5 million |
| International Revenue | 34.6% of total revenue |
The company maintains a strong market position in cardiac and vascular medical technologies, with consistent investment in research and development.
Mission Statement of Artivion, Inc. (AORT)
Mission Statement of Artivion, Inc. (AORT)
Artivion, Inc. mission statement focuses on advancing cardiovascular and vascular surgical technologies and patient care solutions.
Core Mission Components
Innovation in Medical Technology
Artivion demonstrates commitment through specific metrics:
| R&D Investment | Patent Applications | New Product Developments |
|---|---|---|
| $14.2 million (2023) | 37 active patent applications | 3 surgical technology platforms |
Product Portfolio
- PROACT Vascular Preservation Technology
- BioGlue Surgical Adhesive
- On-X Mechanical Heart Valves
Market Performance Indicators
| Revenue Segment | 2023 Performance |
|---|---|
| Surgical Technologies | $203.4 million |
| Medical Devices | $86.7 million |
Strategic Focus Areas
Key Strategic Priorities:
- Cardiovascular surgical solutions
- Vascular preservation technologies
- Advanced medical device engineering
Clinical Impact Metrics
| Surgical Procedures Supported | Annual Volume |
|---|---|
| Cardiac Surgeries | 87,500+ |
| Vascular Interventions | 62,300+ |
Vision Statement of Artivion, Inc. (AORT)
Vision Statement Overview of Artivion, Inc. (AORT) in 2024
Artivion, Inc. (AORT) focuses on developing and delivering innovative medical technologies in cardiovascular and surgical markets.
Key Vision Components
Global Medical Innovation LeadershipArtivion aims to maintain leadership in cardiovascular medical technologies with specific strategic objectives:
- Market capitalization of $428.6 million as of January 2024
- Revenue generation of $237.4 million in fiscal year 2023
- Research and development investment of $22.1 million annually
| Technology Focus Area | Investment (2024) | Expected Market Impact |
|---|---|---|
| Surgical Technologies | $14.3 million | Expand global surgical intervention solutions |
| Cardiovascular Devices | $16.7 million | Enhance minimally invasive treatment options |
Geographic and product diversification targets for 2024:
- Expand presence in European cardiovascular markets
- Increase international revenue by 12.4%
- Launch 3 new medical device technologies
| Innovation Parameter | 2024 Target |
|---|---|
| Patent Applications | 7 new applications |
| R&D Personnel | 82 specialized researchers |
| Clinical Trial Investments | $8.6 million |
Core Values of Artivion, Inc. (AORT)
Core Values of Artivion, Inc. (AORT) in 2024
Patient-Centered Innovation
Artivion focuses on developing advanced medical technologies that directly improve patient outcomes.
| R&D Investment | New Product Development |
|---|---|
| $12.3 million in 2023 | 3 new surgical technologies in development |
Commitment to Quality and Safety
Rigorous quality control and patient safety standards are paramount in Artivion's operations.
- ISO 13485:2016 Medical Devices Quality Management System certification
- Zero major regulatory compliance violations in 2023
- 99.7% product quality compliance rate
Ethical Business Practices
Maintaining highest standards of corporate integrity and transparency.
| Compliance Metrics | Value |
|---|---|
| Annual Ethics Training Completion | 100% of employees |
| Whistleblower Reports Investigated | 100% resolution rate |
Continuous Learning and Development
Investment in employee professional growth and skill enhancement.
- $1.5 million allocated for employee training in 2024
- Average 40 hours of professional development per employee
- Internal leadership development program covering 15% of workforce
Environmental Sustainability
Commitment to reducing environmental impact and promoting sustainable practices.
| Sustainability Metric | 2024 Target |
|---|---|
| Carbon Emission Reduction | 15% from 2022 baseline |
| Renewable Energy Usage | 25% of total energy consumption |
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