Saluda Medical

Saluda Medical

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Private Company

Total funding raised: $147M

Overview

Saluda Medical is a private, commercial-stage medical device company developing a novel, data-driven approach to spinal cord stimulation. Its flagship Evoke® System utilizes proprietary ECAP-sensing technology to create a closed-loop therapy that automatically adjusts stimulation in real-time based on the patient's neural response, aiming for superior and more consistent pain relief. Backed by robust clinical evidence from the landmark double-blind EVOKE study, the company is positioned to challenge established SCS players by offering an objectively controlled therapy with demonstrated long-term outcomes. Saluda is leveraging its foundational sensing platform to potentially expand into new neuromodulation indications.

Chronic Pain

Technology Platform

Proprietary Evoked Compound Action Potential (ECAP) sensing technology enabling closed-loop spinal cord stimulation. The system records the spinal cord's physiological response to each stimulation pulse and automatically adjusts therapy in real-time to maintain a consistent, personalized neural dose.

Funding History

3
Total raised:$147M
Series C$85M
Series B$42M
Series A$20M

Opportunities

The primary opportunity lies in capturing significant market share in the multi-billion dollar SCS market by displacing legacy open-loop systems with a clinically superior, closed-loop alternative backed by Level 1 evidence.
Secondly, the foundational ECAP-sensing platform provides a roadmap to expand into new neuromodulation indications for other neurological disorders, creating additional revenue streams.

Risk Factors

Key risks include intense commercial competition from large, established medical device companies, the challenge of changing physician behavior to adopt a new technology paradigm, and ongoing pressures related to securing and maintaining favorable insurance reimbursement for a premium-priced therapy.

Competitive Landscape

Saluda competes directly with major medical device companies in the SCS space, including Medtronic, Abbott, Boston Scientific, and Nevro. Its primary competitive differentiation is its closed-loop, ECAP-controlled therapy, which is supported by unique double-blind RCT data showing long-term superiority in pain relief and patient outcomes. It positions itself as a technology leader in objective, personalized neuromodulation.