Spine and orthopedic medtech companies are drawing the eyes and dollars of investors in 2022. Five companies have netted a total $123.6 million in deals so far.
Augmedics, developer of the Xvision augmented reality spine surgery system, began 2022 with a new CEO and recently added former Medtronic and Johnson & Johnson executives to its leadership team to help take the company to the next level.
Surgalign Holdings' global revenue for the fourth quarter decreased 16.8 percent year over year to $21.8 million as COVID-19 headwinds such as hospital staff shortages and procedural restrictions continued to affect surgical specialties.
Physiatrists — or physical medicine and rehabilitation physicians — collaborate with spine surgeons to develop personalized treatment plans for patients before and after surgery to optimize outcomes.
Augmedics added former DePuy Synthes President Nadav Tomer to the board of directors and former Medtronic executive Reed Krider as chief marketing officer.
Intraoperative neuromonitoring company Assure Holdings saw a leap in managed case volume in 2021, according to fourth-quarter and full-year results posted March 14.
While still in their infancy, robotics and augmented reality have demonstrated significant potential in spine surgery, with many surgeons excited to see how these two technologies will be integrated in the future. But which technology are surgeons gravitating toward as they stand now?
SeaSpine saw 20 percent year-over-year growth in the fourth quarter of 2021, with significant gains in U.S. spinal implant sales, according to financial results posted March 11.
Spine and orthopedic devices made with 3D-printing technology have grown in recent months from newly launched products and patient-specific implant debuts.
The first surgery using Life Spine's Prolift Lateral Helo Fixated spine system has been completed, the medical device company said in a March 8 news release.
Saluda Medical's Evoke spinal cord stimulator received FDA approval for treating chronic intractable pain, the devicemaker said in a March 8 news release.
