Here are five things to know:
1. In 2018, Medtronic acquired Mazor robotics and its spine robot in a $1.7 billion deal.
2. In 2019 the Mazor X Stealth edition was launched. The first cases using the technology were completed Louisville, Ky.-based Norton Healthcare and Reston (Va.) Hospital Center.
3. Medtronic co-developed the Mazor X Stealth edition. It used Medtronic’s Stealth software with Mazor’s robotics platform.
4. The Mazor X robot costs about $550,000 to $850,000 and has a disposable supply cost of about $1,500 per case, according to the Journal of the AAOS.
5. Medtronic’s robot and other enabling technologies remain a key factor in the company’s financial success. Its spine business has grown 7% year over year in the first quarter of fiscal year 2025, and robotics and enabling technology is driving that, according to CEO Geoff Martha.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.