OrthoPreserve

OrthoPreserve

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Private Company

Total funding raised: $14.5M

Overview

OrthoPreserve is a Cleveland-based medical device startup founded in 2013, pioneering a novel composite biomaterial meniscus implant. The technology aims to address a critical treatment gap for patients with symptomatic meniscus dysfunction who are not yet candidates for knee replacement, offering a minimally invasive alternative to ineffective conservative treatments or meniscectomy. The company has secured key FDA designations, including Breakthrough Device and TAP program acceptance, and is fundraising to complete pre-clinical testing for an IDE submission targeted for 2027. Its leadership combines engineering innovation with deep clinical orthopedic expertise.

OrthopedicsMusculoskeletal

Technology Platform

Composite biomaterial engineered to replicate the mechanical properties of natural meniscus tissue, designed for minimally invasive arthroscopic implantation.

Funding History

2
Total raised:$14.5M
Series A$12M
Seed$2.5M

Opportunities

The implant targets a large, underserved population of active, often younger patients with meniscus injuries who are not candidates for knee replacement, representing a multi-billion dollar treatment gap.
Successful adoption could significantly reduce long-term healthcare costs by delaying or preventing the need for total knee arthroplasty.

Risk Factors

The technology is pre-clinical and faces inherent risks in clinical trial outcomes, regulatory approval, and scaling manufacturing.
Market adoption depends on surgeon training and securing insurance reimbursement, while competitive solutions may emerge.

Competitive Landscape

The market for meniscus repair devices is established, but the space for meniscus replacement is nascent. Competition includes other early-stage biotech firms and academic groups developing scaffold-based or synthetic meniscus implants, but few have achieved OrthoPreserve's level of FDA regulatory recognition.