Carlsbad, CA August 20, 2024 – Today AVACEN MEDICAL announced that its 3-year revenue growth of 79% qualified it for the 2024 Inc. 5000 list. The list is the most prestigious ranking of the nation’s fastest-growing private companies. This is the 5th year in a row for AVACEN Medical, a Top-50 health product company, to be listed. Only 6% of those who make the list accomplish the 5-year feat. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment – its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
According to AVACEN Medical, Executive Chairman, Thomas G. Muehlbauer: “I’m very proud our team was able to accomplish this while navigating inflationary pressures, rising interest costs, and hiring challenges from 2020 through 2023. Sales of our innovative medical devices normally require a personal demonstration, which of course was severely impeded during 2021 COVID pandemic. With over 25 million safe treatments, AVACEN devices are a proven alternative for treating pain and aiding wellness.”
Muehlbauer described AVACEN devices as: “the only known FDA-cleared, Class II, OTC medical devices on the market today able to provide noninvasive, rapid whole-body treatment, using a single point of contact. It is the ideal drug-free and safe alternative for relief of pain associated with multiple conditions such as arthritis.”
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