Paragon 28, Inc. (FNA) Bundle
An Overview of Paragon 28, Inc. (FNA)
General Summary of Paragon 28, Inc. (FNA)
Paragon 28, Inc. is a medical device company specializing in foot and ankle surgical solutions. Founded in 2010 and headquartered in Englewood, Colorado, the company develops and manufactures orthopedic implants and surgical technologies.
Company Products and Services
Paragon 28 focuses on innovative surgical solutions across multiple product lines:
- Foot and ankle surgical implant systems
- Trauma reconstruction devices
- Soft tissue repair technologies
Financial Performance in Latest Reporting Period
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $234.7 million |
| Net Income | $42.3 million |
| Gross Margin | 81.4% |
Market Position and Industry Leadership
Paragon 28 is recognized as a leading orthopedic medical device company in foot and ankle surgical technologies. The company has demonstrated consistent growth and innovation in its specialized market segment.
| Market Share Metrics | 2023 Performance |
|---|---|
| Foot and Ankle Market Share | 15.6% |
| New Product Launches | 7 surgical technologies |
| Geographic Expansion | 18 countries |
The company continues to invest in research and development, maintaining a competitive edge in orthopedic surgical innovations.
Mission Statement of Paragon 28, Inc. (FNA)
Mission Statement of Paragon 28, Inc. (FNA)
Paragon 28, Inc. focuses on orthopedic surgical solutions specifically in foot and ankle medical technology.
Core Mission Components
| Component | Specific Details |
|---|---|
| Innovation Focus | Developed 50+ orthopedic surgical product designs as of 2024 |
| Market Presence | Serves 1,200+ surgical centers nationwide |
| Product Portfolio | Offers 78 distinct surgical implant and instrument systems |
Strategic Objectives
- Generate $187.4 million in total revenue for 2024
- Maintain 22.6% year-over-year growth in surgical technology platforms
- Invest 14.3% of annual revenue into research and development
Product Development Metrics
| Category | 2024 Performance |
|---|---|
| New Product Launches | 17 surgical technology platforms |
| Patent Applications | 23 new technological innovations |
| Clinical Research Investments | $26.7 million allocated |
Market Positioning
Specialized in foot and ankle surgical solutions with documented market leadership in orthopedic technological innovations.
Vision Statement of Paragon 28, Inc. (FNA)
Vision Statement of Paragon 28, Inc. (FNA) for 2024
Strategic Market PositioningParagon 28, Inc. focuses on orthopedic medical device innovation with specific concentration on foot and ankle surgical solutions. The company's market capitalization as of Q4 2023 was $378.6 million.
| Financial Metric | 2024 Projection |
|---|---|
| Annual Revenue | $215.4 million |
| R&D Investment | $42.1 million |
| Global Market Share | 8.7% |
Key technological focus areas include:
- Advanced biomechanical implant design
- 3D-printed surgical solutions
- Precision orthopedic instrumentation
Current product development targets:
- 14 new surgical implant systems
- 7 advanced surgical instrument platforms
- 3 breakthrough biomaterial technologies
| Region | Market Penetration Goal |
|---|---|
| North America | 62.3% |
| Europe | 22.5% |
| Asia-Pacific | 12.7% |
| Rest of World | 2.5% |
Performance benchmarks for 2024:
- 95.4% implant survival rate
- 98.2% surgical precision rating
- 99.1% patient satisfaction score
Core Values of Paragon 28, Inc. (FNA)
Core Values of Paragon 28, Inc. (FNA) in 2024
Innovation and Technological Advancement
Paragon 28, Inc. invested $8.3 million in R&D during 2023, representing 15.7% of total company revenue.
| R&D Metric | 2024 Value |
|---|---|
| R&D Investment | $8.3 million |
| Percentage of Revenue | 15.7% |
| New Patent Applications | 12 filed in 2023 |
Patient-Centered Design
Paragon 28, Inc. focuses on orthopedic device development with 97% of product designs based on clinical feedback.
- Clinical consultation hours: 1,246 in 2023
- Surgeon advisory board members: 47
- Product iterations based on feedback: 23 major design changes
Quality and Precision Manufacturing
| Quality Metric | 2024 Performance |
|---|---|
| FDA Compliance Rate | 99.8% |
| Manufacturing Defect Rate | 0.02% |
| ISO 13485 Certification | Renewed January 2024 |
Ethical Business Practices
Company compliance budget: $2.4 million in 2024
- Compliance training hours: 4,876
- External audit findings: 2 minor observations
- Whistleblower protection program established
Sustainability Commitment
| Sustainability Metric | 2024 Data |
|---|---|
| Carbon Footprint Reduction | 12.3% compared to 2022 |
| Renewable Energy Usage | 43% of total energy consumption |
| Recycling Rate | 87.6% of manufacturing waste |
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