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Restoration Robotics

Full company profile

uuid0005eou

Namestring
Restoration Robotics
Websiteurl
restorationrobotics.com
Company typeenum
Private
Founded yearint
2002
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
101–250
akta.pro rankint
HeadquartersNorth York, Canada
HQ citystring
North York
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
robotic hair restoration, follicular unit extraction, medical robotic systems, hair transplant devices, physician-controlled robotics
Industry2 codes
1Surgical Robotics & Computer-Assisted Surgery Platforms
CodeHLAHADAFPrimaryYes
2Healthcare & Assistive Robotics
CodeHDAAAIACPrimaryNo
NAICS code1 code
  • Medical Equipment and Supplies Manufacturing3391
SIC code1 code
  • Surgical & Medical Instruments & Apparatus3841
Product category
Medical Robotics (Hair Restoration)
Cost components5 values
Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

Restoration Robotics develops and sells a computer-assisted, physician-controlled robotic system designed to harvest follicular units. The platform enables robotic-assisted, minimally invasive surgical procedures, primarily in the hair restoration specialty, and is sold to medical practices and healthcare facilities.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Computer-Assisted Robotic System for Follicular Unit Harvesting
Scale indicator1 record

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Venus Concept
TypeDirect peer
Description

Venus Concept was acquired by Restoration Robotics in 2019 and operates in the same hair restoration and aesthetic device space, with overlapping physician customer bases and complementary product portfolios in minimally invasive aesthetic treatments.

2Intuitive Surgical
TypeBroad incumbent
Description

Intuitive Surgical is the dominant player in surgical robotics (da Vinci system) and shares its founder (Fred Moll) with Restoration Robotics; it represents the broad incumbent benchmark for commercializing physician-controlled robotic surgical platforms.

3Stryker (Mako)
TypeBroad incumbent
Description

Stryker's Mako robotic-arm assisted surgery platform is a leading orthopedic surgical robotics system; it is comparable as a broad incumbent demonstrating the commercial scaling pathway for specialty surgical robotics products.

4Stemson Therapeutics
TypeEmerging player
Description

Stemson Therapeutics is a preclinical-stage company using iPSC-derived cells to regenerate hair follicles; it represents an emerging regenerative medicine approach that could compete with or complement robotic hair transplantation long-term.

5Zimmer Biomet (ROSA)
TypeBroad incumbent
Description

Zimmer Biomet offers the ROSA robotic platform for knee, hip and neurosurgery; it is comparable as a broad incumbent medical device company building a multi-specialty robotic surgery franchise.

6NeoGraft
TypeDirect peer
Description

NeoGraft is a leading automated FUE hair transplantation platform widely used in clinics; it competes with Restoration Robotics' ARTAS in follicular unit extraction procedures and shares the same physician customer base.

7Allergan Aesthetics (AbbVie)
TypeOthers
Description

Allergan Aesthetics, part of AbbVie, provides medical aesthetic products and treatments adjacent to the hair restoration market; it is relevant as an ecosystem participant driving consumer awareness of aesthetic procedures.

8Follica
TypeEmerging player
Description

Follica is developing a novel hair follicle neogenesis treatment platform; it is an emerging player in the hair restoration space whose technological approach could disrupt or complement Restoration Robotics' surgical platform over time.

9Huacon HOB Hair Implant
TypeRegional player
Description

Regional hair transplantation device and clinic operators serve similar end markets to ARTAS with manual and semi-automated systems, primarily in Europe and Asia; comparable as regional competitors within the broader hair restoration device category.

10Medtronic (Hugo)
TypeBroad incumbent
Description

Medtronic's Hugo robotic-assisted surgery system targets general surgery, competing broadly in the physician-controlled surgical robotics category where Restoration Robotics operates.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks4 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds8 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors6 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Restoration Robotics

Medical Robotics (Hair Restoration)restorationrobotics.com

Restoration Robotics firmographics

Firmographics
Name
Restoration Robotics
Website
https://restorationrobotics.com
Company type
Private
Founded year
2002
Operating status
Operating
Headcount range
101–250 employees
Ownership category
akta.pro rank

Restoration Robotics industry classification

Industry
Product category
Medical Robotics (Hair Restoration)
NAICS
Medical Equipment and Supplies Manufacturing (3391)
SIC
Surgical & Medical Instruments & Apparatus (3841)
akta.pro primary industry
Surgical Robotics & Computer-Assisted Surgery Platforms (HLAHADAF)
akta.pro secondary industry
Healthcare & Assistive Robotics (HDAAAIAC)

Keywords

  • Robotic hair restoration
  • Follicular unit extraction
  • Medical robotic systems
  • Hair transplant devices
  • Physician-controlled robotics

Where Restoration Robotics is headquartered

Location

Headquarters

HQ city
North York
HQ country
Canada
HQ region
North America

Markets served

Restoration Robotics business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Technology or R&D, Supply Chain, Personnel, Marketing or Sales, Operations

Restoration Robotics product offering

Product offering

Core offering

Restoration Robotics develops and sells a computer-assisted, physician-controlled robotic system designed to harvest follicular units. The platform enables robotic-assisted, minimally invasive surgical procedures, primarily in the hair restoration specialty, and is sold to medical practices and healthcare facilities.

Differentiator

Problem solved

Functional benefit

Products and services

  • Computer-Assisted Robotic System for Follicular Unit Harvesting

Companies that use Restoration Robotics

Customer profile

Segments1 record

Ideal customer profiles1 record

Restoration Robotics technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Restoration Robotics partnerships and signals

Strategic signal

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Restoration Robotics competitors and assessment

Company assessment

Direct peers

  • Venus Concept: Venus Concept was acquired by Restoration Robotics in 2019 and operates in the same hair restoration and aesthetic device space, with overlapping physician customer bases and complementary product portfolios in minimally invasive aesthetic treatments.
  • NeoGraft: NeoGraft is a leading automated FUE hair transplantation platform widely used in clinics; it competes with Restoration Robotics' ARTAS in follicular unit extraction procedures and shares the same physician customer base.

Broad incumbents

  • Intuitive Surgical: Intuitive Surgical is the dominant player in surgical robotics (da Vinci system) and shares its founder (Fred Moll) with Restoration Robotics; it represents the broad incumbent benchmark for commercializing physician-controlled robotic surgical platforms.
  • Stryker (Mako): Stryker's Mako robotic-arm assisted surgery platform is a leading orthopedic surgical robotics system; it is comparable as a broad incumbent demonstrating the commercial scaling pathway for specialty surgical robotics products.
  • Zimmer Biomet (ROSA): Zimmer Biomet offers the ROSA robotic platform for knee, hip and neurosurgery; it is comparable as a broad incumbent medical device company building a multi-specialty robotic surgery franchise.
  • Medtronic (Hugo): Medtronic's Hugo robotic-assisted surgery system targets general surgery, competing broadly in the physician-controlled surgical robotics category where Restoration Robotics operates.

Emerging players

  • Stemson Therapeutics: Stemson Therapeutics is a preclinical-stage company using iPSC-derived cells to regenerate hair follicles; it represents an emerging regenerative medicine approach that could compete with or complement robotic hair transplantation long-term.
  • Follica: Follica is developing a novel hair follicle neogenesis treatment platform; it is an emerging player in the hair restoration space whose technological approach could disrupt or complement Restoration Robotics' surgical platform over time.

Others

  • Allergan Aesthetics (AbbVie): Allergan Aesthetics, part of AbbVie, provides medical aesthetic products and treatments adjacent to the hair restoration market; it is relevant as an ecosystem participant driving consumer awareness of aesthetic procedures.

Regional players

  • Huacon HOB Hair Implant: Regional hair transplantation device and clinic operators serve similar end markets to ARTAS with manual and semi-automated systems, primarily in Europe and Asia; comparable as regional competitors within the broader hair restoration device category.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

Restoration Robotics social profiles

Digital presence

Restoration Robotics financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Restoration Robotics leadership team

Management profile

Number of profiles

Profiles3 records

Restoration Robotics funding detail

Funding detail

Funding overview

Funding rounds8 records

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Restoration Robotics M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Restoration Robotics

What does Restoration Robotics do?

Restoration Robotics develops and sells a computer-assisted, physician-controlled robotic system designed to harvest follicular units. The platform enables robotic-assisted, minimally invasive surgical procedures, primarily in the hair restoration specialty, and is sold to medical practices and healthcare facilities.

When was Restoration Robotics founded?

Restoration Robotics was founded in 2002. It employs 101 to 250 people.

Where is Restoration Robotics based?

Restoration Robotics is headquartered in North York, Canada, in the North America region.

Who are Restoration Robotics's main competitors?

Direct peers on record are Venus Concept and NeoGraft. Broad incumbents are Intuitive Surgical, Stryker (Mako), Zimmer Biomet (ROSA) and Medtronic (Hugo). Emerging players are Stemson Therapeutics and Follica. Allergan Aesthetics (AbbVie) is listed as an others. Huacon HOB Hair Implant is listed as a regional player.

Does Restoration Robotics have an API?

No public API is recorded for Restoration Robotics.

What industry is Restoration Robotics in?

Restoration Robotics's product category is Medical Robotics (Hair Restoration). Its primary akta.pro industry code is HLAHADAF, Surgical Robotics & Computer-Assisted Surgery Platforms, with a secondary code of HDAAAIAC, Healthcare & Assistive Robotics. Its NAICS code is 3391 and its SIC code is 3841.

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InvestsnipsList of Medical Robotics Companies Listed on Major U.S. ExchangesA reference page compiles publicly traded medical robotics companies listed on major U.S. exchanges, organized by market capitalization. It names Intuitive Surgical, Accuray, Mazor Robotics, TransEnterix, Corindus Vascular Robotics, Microbot Medical, Restoration Robotics and ReWalk Robotics, with ReWalk noted as an Israeli exoskeleton maker.VenusconceptVenus Concept Completes Merger With Restoration Robotics and Combined Company Raises $28 Million in Private PlacementVenus Concept Inc. completed its merger with Restoration Robotics, forming a combined medical aesthetics entity that will trade on Nasdaq under the ticker 'VERO'. The new company also raised $28 million in private equity financing from investors including EW Healthcare Partners and HealthQuest Capital. Consequently, the combined firm lowered its 2019 revenue outlook to $123–$126 million due to deal-related overhang impacting commercial performance.AeditThe Future Of Robotics In Aesthetic MedicineTechnology companies and medical device manufacturers are developing robotic systems for aesthetic medicine procedures including hair transplantation, body contouring, laser therapy, and injectable treatments. Restoration Robotics (ARTAS), Dominion Aesthetics (EON), and Paris-based NextMotion (LENA) have created FDA-approved or cleared robotic devices that use autonomous or semi-autonomous robotic arms to assist with cosmetic procedures. Industry experts note that while robotics offer consistency and precision for repetitive tasks, the artistry and nuanced judgment required in aesthetic procedures means human expertise will remain essential to patient care.PR NewswireLevi & Korsinky, LLP Announces a Proposed Settlement in the Restoration Robotics, Inc. Securities LitigationRestoration Robotics, Inc. has reached a proposed settlement of $4,175,000 in cash to resolve securities litigation brought by investors regarding its 2017 initial public offering. The United States District Court for the Northern District of California authorized the notice, with a final approval hearing scheduled for September 2, 2021. Class members must submit claim forms by October 23, 2021, to be eligible for distribution from the net settlement fund.PR NewswireGlobal Hair Transplant Market Forecast 2021 with Company Analysis of Venus Concept, Sisram Medical, CUTERA, AllerganResearchAndMarkets.com published a market forecast report stating the global hair transplant market is expected to reach US$ 27.9 billion by 2027, growing at a CAGR of 24.55% from US$ 6 billion in 2020, driven by factors including changing lifestyles, increased appearance concerns, and rising disposable income in developing countries. The report analyzes market segmentation by method (FUT, FUE), product type (gel, serum, drugs, multivitamins), therapy (PRP, stem cell, laser), gender, and region, with North America and Asia-Pacific identified as key growth regions. The report includes company profiles of Venus Concept Inc, Sisram Medical Ltd, CUTERA Inc, Allergan Plc, and Restoration Robotics Inc, with the latter having received FDA clearance in 2018 to expand its ARTAS technology.PR NewswireHair Transplant Market Value to Reach US$ 32.4 Bn by 2026Acumen Research and Consulting published a market report projecting the global hair transplant market to reach US$32.4 billion by 2026, growing at a compound annual growth rate of 22.7% during the forecast period of 2019–2026. North America dominated the market in 2018, though Asia-Pacific is expected to be the fastest-growing region, with factors such as urbanization, rising stress levels, and increasing beauty consciousness driving demand. Key market developments include Restoration Robotics' merger agreement with Venus Concept and Bosley and Hair Club's launch of the BioGraft hair loss solution technology.PR NewswireMonteverde & Associates PC Files Class Action Lawsuit On Behalf Of Shareholders Of Restoration Robotics, Inc In The District Of DelawareMonteverde & Associates PC filed a class action lawsuit in the U.S. District Court for the District of Delaware on behalf of Restoration Robotics shareholders, alleging violations of Sections 14(a) and 20(a) of the Securities Exchange Act in connection with the sale of the Company to Venus Concept, Inc. The complaint alleges that the merger consideration is inadequate and that the proxy statement contained materially incomplete and misleading information about the Company's financial projections, with Venus Concept shareholders set to own approximately 85% of the combined entity. Shareholders seeking to serve as lead plaintiff must move the Court by February 10, 2020.GlobeNewswireVenus Concept Announces Third Quarter and First Nine Months of 2019 Financial ResultsVenus Concept reported Q3 2019 revenue of $26.2 million, up 2.2% year-over-year, with a net loss of $8.6 million. The company also disclosed its merger with Restoration Robotics, which closed on November 7, 2019, and expects combined revenue of $123–126 million for 2019.GlobeNewswireRestoration Robotics® Announces the ARTAS iX™ System to be Featured on the Today ShowRestoration Robotics announced that Dr. Michael B. Wolfeld will perform a live hair transplant demonstration using the ARTAS iX system on NBC's Today Show on July 17, 2019. The system is described as the first and only physician-assisted robotic system for hair follicle harvesting and implantation.PR NewswireHair Transplants: Worldwide Market Insight Report, 2019 -- Higher Demand for Less Invasive Restoration ProceduresResearchAndMarkets released a worldwide market insight report on hair transplants, providing in-depth analysis of the global market including leading markets in the US, Turkey, and India. The report covers key methodologies such as Follicular Unit Extraction and Follicular Unit Transplantation, along with therapies including Platelet Rich Plasma and Stem Cell Therapy. Key vendors profiled include Restoration Robotics Inc., Bernstein Medical, Bosley Cole Instruments, Medicamat, and Neograft Solutions.