Following a more than $1 billion-revenue year in 2022, Globus Medical had high expectations for 2023. This year, the company completed a multibillion-dollar merger and surpassed previous quarterly earnings.

New data from Orthofix found its M6-C cervical disc saw better outcomes than anterior cervical discectomy and fusion after 5 years.

Spinal Elements launced its Ventana 3D-printed interbody portfolio, according to a Nov. 28 news release.

Orthofix named Massimo Calafiore as its new president and CEO.

The Food and Drug Administration cleared 28 spine-related devices with 510(k) approval in October.

Here are six spine and orthopedic medtech updates that Becker's has reported on since Nov. 14:

Stryker in 2023 has seen continued revenue growth and made progress with its spine portfolio.

Since the beginning of 2023, 16 new devices created by medical device company Medtronic have secured 510(k) clearance from the FDA, including several spinal and orthopedic devices. 

Medtronic on Nov. 21 posted its financial results for the second quarter of the fiscal year 2024.

The last few years have been tough on spine device companies.

ZimVie in 2023 saw decreases in its revenue, but the company also saw milestones in its spine portfolio.

The top executives at large orthopedic and spine device companies received millions of dollars in total compensation for the 2022 fiscal year, according to reports filed with the U.S. Securities & Exchange Commission.

Boston Scientific closed its acquisitioon of Relievant Medsystems, which is behind the Intracept intraosseous nerve ablation system, according to a Nov. 17 news release. 

Aurora Spine has announced its financial results for the third quarter of 2023, seeing a 7.7% growth in sales from the same quarter last year. 

Visie, a company focused spine and orthopedic imaging, added three medtech leaders to its board and leadership, according to a Nov. 14 news release. 

NGMedical GmbH's Move-C device made its debut in Taiwan, according to a Nov. 14 news release. 

VySpine earned FDA clearance for its ClariVy OsteoVy PEKK device for one-level cervical interbody fusion, the company said in a Nov. 14 news release. 

Spine surgeons are constantly looking for better products and instruments that help improve their patients’ outcomes. This includes cutting-edge tools built on ideas and knowledge of experienced spine surgeons, with the highest-quality metals and innovative approaches like 3D printing.

Symptomatic lumbar degenerative disc disease (DDD) is a major cause of back pain, missed work days, and healthcare utilization.1; 2 If left untreated, it can lead to bone spurs, spinal canal compression, debilitating pain, herniated discs, and loss of bladder control.3; 4

Large commercial payers in Illinois, Texas, New Mexico and Oklahoma now cover one- and two-level lumbar disc replacement.