Galil Medical

What Galil Medical does

Galil Medical is a Saint Paul, Minnesota-based medical device company founded in 1996 that designs and develops minimally invasive cryotherapy technology. The company's core competency is cryogenic ablation — using extreme cold to destroy targeted tissue — applied primarily in oncology cryoablation and cardiac arrhythmia ablation procedures. Its products span cryosurgery equipment and cryochambers used for cancer therapy and tissue damage recovery, with secondary applications cited in dermatology and fitness/recovery sectors. Galil Medical is identified as a key player in the global cryotherapy market alongside larger competitors including Medtronic, CooperSurgical, and Zimmer MedizinSysteme.

The company has raised approximately $67.5 million in disclosed funding across two rounds (a $52 million round in 2006 led by The Vertical Group and Thomas, McNerney & Partners, and a $15.5 million round in 2014 from Armentum Partners), and acquired Perseon Corporation in October 2015 to broaden its ablation/oncology device portfolio. Galil Medical employs 51–100 people and serves hospitals and specialized clinics performing cryogenic ablation procedures — a segment that accounts for the majority of regional procurement in markets such as Southern Europe. No specific pricing, distribution channels, or named customers are publicly disclosed.

Significant data gaps exist. The company's primary web domain (galilmedical.com) is currently expired and under suspension, and the available source material contains no recent leadership changes, product launches, regulatory actions, certifications, or financial disclosures beyond the historical funding rounds. Ownership, parent company affiliation, and current operating status are not confirmed in the source data, representing material uncertainty for any prospective investor or acquirer.

Name

Galil Medical

Website

https://galilmedical.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Galil Medical is a Saint Paul, Minnesota-based medical device company founded in 1996 that designs minimally invasive cryogenic ablation technology for oncology and cardiac arrhythmia procedures, serving hospitals and specialized clinics in the global cryotherapy market.

Ownership category

akta.pro rank

Product category

Cryoablation Medical Devices

NAICS

Medical Equipment and Supplies Manufacturing (3391), Surgical Appliance and Supplies Manufacturing (339113)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Endoscopic Therapeutic & Access Devices (Trocars, dilators, biopsy/ablation tools) (HLAHADAN)

Keywords

• Cryoablation devices
• Medical cryotherapy
• Minimally invasive ablation
• Cryosurgery equipment
• Cardiac cryotherapy

Headquarters

HQ city

Saint Paul

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales

Core offering

Galil Medical designs, develops, and manufactures minimally invasive cryotherapy (cryoablation) devices and cryosurgery equipment. Its products are used by healthcare providers for cardiac arrhythmia ablation, oncology tumor ablation, dermatology, and related clinical applications.

Product overview

Galil Medical is a medical device company operating in the cryotherapy market, specializing in cryosurgery equipment and cryochambers for medical treatments including cancer therapy and tissue damage recovery. The company is identified as a key market player alongside competitors such as Medtronic, CooperSurgical, and Zimmer MedizinSysteme. Their product portfolio serves applications in oncology and dermatology sectors. However, the source data does not provide specific named products, product descriptions, or details about individual product offerings, modules, or brand architecture for Galil Medical.

Differentiator

Problem solved

Functional benefit

Products and services

• Cryoablation devices Minimally invasive cryoablation systems used by hospitals and clinics to perform cardiac arrhythmia and oncology ablation procedures.
• Cryosurgery equipment Cryosurgery equipment used for cancer therapy and tissue damage recovery across oncology and related medical procedures.
• Cryochambers Cryochambers used in medical and dermatology applications as part of the company's cryotherapy product portfolio.

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Emerging players

• BTG (acquired by Boston Scientific): BTG's interventional oncology franchise (now integrated into Boston Scientific) competed directly with Galil in cryoablation and other ablation modalities for tumor treatment, and serves as a historical benchmark for modality consolidation in this segment.

Direct peers

• CooperSurgical: Named alongside Galil Medical as a key cryotherapy market player, CooperSurgical supplies women's health and reproductive/fertility devices with overlapping minimally-invasive ablation product lines that compete for similar specialty clinic accounts.
• Zimmer MedizinSysteme: Named as a competing cryotherapy equipment vendor in the source data; Zimmer MedizinSysteme produces cryo-based therapeutic and aesthetic devices in Europe, giving it overlapping channels and customer types with Galil Medical.
• Endocare (Varian/Siemens Healthineers): Endocare, now part of Varian (a Siemens Healthineers company), historically produced cryoablation systems for urology and oncology, making it a direct technology and channel comparable to Galil Medical in interventional cryoablation.
• AngioDynamics: AngioDynamics markets the NanoKnife and other tumor ablation platforms and is a direct peer in image-guided interventional oncology, the same primary hospital use case Galil Medical addresses with cryoablation probes.
• HealthTronics: HealthTronics is a urology and interventional cryoablation service and equipment provider that competes with Galil in the same hospital and specialty clinic accounts, particularly for prostate and renal cryoablation.
• AtriCure: AtriCure is a focused cardiac surgery and cryoablation specialist (cryoICE platform) competing head-to-head with Galil's cryoablation franchise in atrial fibrillation and cardiac arrhythmia procedures.
• IceCure Medical: IceCure Medical develops cryoablation systems (ProSense) for breast, kidney, lung, and other oncology indications, offering a near-identical product category and target customer base to Galil Medical.

Broad incumbents

• Medtronic: Medtronic is explicitly named as a direct competitor in cryotherapy/cryosurgery and is the dominant player in cardiac cryoablation through its CryoConsole and Arctic Front cryoballoon systems, making it the closest large-scale comparable to Galil Medical.
• Boston Scientific: Boston Scientific competes with Galil across cardiac ablation (rhythm management) and interventional oncology through its portfolio of RF and cryo systems, including legacy BTG ablation assets, making it a broad incumbent peer with multi-indication overlap.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/504997289587297
• LinkedInlinkedin.com/company/galil-medical

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors4 records

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

M&A1 record

Investments

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

Frequently asked questions about Galil Medical