The global orthopedic surgical robots market will be valued at more than $4.1 billion by the end of 2029, according to a Persistence Market Research report.
Robotics
Fusion Robotics closed a financing round with investments from former NuVasive CEO Alex Lukianov and Kevin Foley, MD.
MiRus, a medical device company focusing on spine and orthopedic devices, acquired a 50,000-square-foot facility to dramatically increase production.
Medtronic, Globus Medical, Zimmer Biomet and NuVasive all have spinal robotic technology either on the market or set to launch later this year.
Smith & Nephew acquired an optical tracking technology company to enhance its robotic platform.
Advertisement
TransEnterix's robot-assisted surgery device, Senhance Surgical System, has been cleared by Japanese regulators.
Mazor reported a 1.1 percent decrease in fourth quarter spine revenue, but when combined with the spine division of the brain therapies capital equipment, including Mazor X, spine revenues were up 5.6 percent.
Circleville, Ohio-based Adena Health System is planning its largest main campus expansion to date: a $70 million robotics and orthopedic center, the Circleville Herald reports.
Globus Medical reported its U.S. spine business grew by more than 8 percent, adjusting for the negative impact of its biologics business, and the international spine business was up 25 percent in the first quarter of 2019.
Novant Health's orthopedic program includes 55 surgeons and musculoskeletal service providers dedicated to growing the program.