Aroa Biosurgery (ASX:ARX), a New Zealand-based leader in regenerative healing solutions, has announced significant growth opportunities. The company targets a total addressable market of over USD 3 billion. Aroa's innovative products, based on its proprietary AROA ECMâ„¢ platform, have been used over six million times globally, highlighting its substantial market presence and clinical impact.
Aroa Biosurgery is focused on expanding its market share in the regenerative healing sector with a portfolio of innovative products, primarily targeting the U.S. hospitals. The company's robust financial performance, with a strong product gross margin and positive revenue forecasts, underscores its strategic growth plan. Aroa is committed to enhancing its sales force, increasing clinical adoption, and advancing its product offerings, such as Symphonyâ„¢, to capture new market opportunities. With a solid cash position and expected revenue growth of up to 32% in FY25, Aroa is well-positioned for continued success, supported by strong partnerships and clinical evidence.
We are seeing significant momentum with our Myriadâ„¢ and OVITEXâ„¢ products, which is driving our strong growth. Our focus remains on delivering world-leading outcomes at unmatched value and expanding our presence in the U.S. market through direct sales and strategic partnerships.