Venus Concept Announces the Launch of its latest generation
TORONTO, March 20, 2023 (GLOBE NEWSWIRE) — Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ: VERO), a global leader in medical aesthetics, today announced the launch of its latest ARTAS Generation known iX, which is now widely available worldwide for doctors specializing in hair transplants.
The latest generation of ARTAS iX sets a new standard for hair transplantation by using the latest robotics, machine vision, artificial intelligence and machine learning technologies. This advanced system brings a new level of speed to the implantation process and now allows for the implantation of up to 1000 grafts per hour while improving harvesting speed, resulting in a procedure up to 25% faster. Other improvements include the new image processing system that improves patient tracking and follicle centering, resulting in better graft quality and improved precision. In addition to these significant hardware advances, our enhanced software enables an improved, intuitive user experience with an updated user interface and a new training mode to enable smoother training of practitioners and run real-time demos during consultations.
“We remain focused on integrating advances in robotics and artificial intelligence into the field of minimally invasive aesthetic and hair restoration procedures,” said Dr. Hemanth Varghese, President and Chief Innovation & Business Officer of Venus Concept. “The market for hair restoration continues to grow and with it the demand for better solutions to optimize procedure flow and clinical outcomes. Our improved ARTAS iX system is another major achievement for our robotics center of excellence in its continuous innovation to revolutionize hair transplantation. The system enables physicians to achieve unprecedented results that offer state-of-the-art precision and accuracy, as well as speed, helping to eliminate concerns related to the labor-intensive aspects of hair restoration procedures such as clinical fatigue and procedure time. Hair restoration is an important segment for Venus Concept and will continue to be a growth driver going forward. “
“I have found that the new upgrades to the ARTAS iX system significantly improve the transplant process, harvested graft handling, site fabrication and implantation, all of which help reduce training time and increase staff capacity,” commented dr Maxim Chumak, ARTAS iX system user and diplomat of the American Board of Hair Restoration Surgery. “Most of the devices currently on the market require manual operation for harvesting and loading the implanters individually, which can be time-consuming and potentially damage the grafts. This is the first system to require minimal handling of the grafts, effectively addressing this issue. “
About the Venus concept
Venus Concept is an innovative, global leader in medical aesthetic technology with a broad product portfolio of minimally invasive and non-invasive medical aesthetic and hair restoration technologies and a reach in over 60 countries and 15 direct markets. Venus Concept’s product portfolio consists of aesthetic device platforms including Venus Versa, Venus Legacy, Venus Velocity, Venus Fiore, Venus Viva, Venus Glow, Venus Bliss, Venus BlissMAX, Venus Epileve, Venus Viva MD and AI.ME. Venus Concept’s hair restoration systems include NeoGraft® and the ARTAS iX® Robotic hair restoration system. Venus Concept has been backed by leading healthcare growth investors including EW Healthcare Partners (formerly Essex Woodlands), HealthQuest Capital, Longitude Capital Management, Aperture Venture Partners and Masters Special Situations.
