Tags
3DMedicalSurgeryHealthcareOrthopedics
Team size
19
Capital raised
$400K
Revenues 2023
$100K
Founding year
2016
Contact Name
You Min Hong (Raymond), co-CEO
Contact email
⏰ TL;DR (Too Long; Didn't Read)
Cubelabs 3D prints ultra-precise, customized, and reinforced pure-titanium bone replacements
💡The Idea
- Bone loss may occur in patients due to cancer, infection, or trauma
- Off-the-shelf bone implants are often inadequate when facing complex medical cases, specifically in highly intricate bone structures such as ankles, jaws, and the chest
- Cubelabs creates replacement bones for implant with reinforced pure titanium with improved biocompatibility and mechanical properties
- Cubelabs’ employs ultra-precise, ISO-certified, 3D printing for highly personalized, ergonomic designs
🥇Benefits
- Personalized fit and function - each implant is customized the patient's unique anatomy, matches the natural curvature and structure of the original bone, and enables optimal restoration of normal appearance and function
- Advanced material properties - reduced number of side effects, higher elongation, and lower elastic ratio than with implants made from titanium alloys, while maintaining an implant strength that is comparable to the original bone
- Innovative design features - for better integration with existing bone, reduced weight and increased strength, and optimized strength and flexibility
- Improved surgical outcomes - more precise implant placement, shorter operation time, and improved accuracy
- Enhanced patient quality of life - clinical studies show significant improvements in pain reduction, recuperation time, and functional outcomes
- Biologically adaptive versatility - applicable to various medical conditions (cancer, infection, congenital deformities) with a porous design that promotes bone integration, reducing issues like bone deformation and density loss while adapting to diverse patient needs
💵Business Model
- Current business model - on-demand manufacturing with per implant pricing, performed through hospital procurement centers
- Planned - Establish in-hospital printing centers as a service
🌎Market data
- The global Bone Implant Market size was valued at $4.54 billion in 2023 and is expected to grow to $9.82 billion by 2032 (source)
- Additional market research reports estimate the global 3D printed orthopedic implants market size was $1.7 billion in 2021 with an expected growth of 16.2% annually to generate $7.76 billion by 2031 (source)
🚀Status
- ISO-certified GMP manufacturing facility in Korea established
- Three distinct product lines (TiChest, TiMandible, TiTalus) launched
📋Regulation
- Korean clinical trials are underway
- KO Medical Device Act in progress. Talus and chest implants in process of being approved by MFDS(Ministry of Food and Drug Safety)
- EU MDR 2017/745 in progress. Expected to be attained by July 2024
- UK MDR 2002 in progress. Expected to be attained by August 2024
- In the US, the strategy of setting up internal hospital printing centers, will enable gaining immediate FDA approval on a per-center basis
📣Promotional materials
Link to video: Investable Solutions Cubelabs Intro video
Product brochures
Lecture about Cubelabs at IFFAS 2024, the 8th Scientific Meeting of the International Federation of Foot and Ankle Societies
Direct link to video: Investable Solutions Cubelabs 2024 IFFAS Lecture