A recent MarketsandMarkets report estimated the biomaterials market to be worth $88.4 billion by 2017, increasing at a compound annual growth rate of 15 percent between 2012 and 2017.
Spinal Tech
Garfield Heights, Ohio-based AxioMed Spine Corp. received a U.S. patent for the trapezoidal shape of its spinal disc replacement.
Caesarea, Israel-based Mazor Robotics will sell four of its Renaissance spine systems to a major U.S. hospital corporation for acute-care use in four U.S. markets.
Center Valley, Pa.-based Aesculap Implant Systems' PL-AGE System is now available for commercial use.
OrthoData, a medical device developer, relocated from Louisville, Ky., to Hinckley, Ohio, and brought its device to gauge the success of spinal fusion surgeries, according to MedCity News.
Advertisement
Center Valley, Pa.-based Aesculap has launched its Hi-Line XXS Minimally Invasive Microsurgical hand piece for broad use and improved in-procedure visibility during minimally invasive spine surgery.
Medicrea reported a net profit loss of 1.2 percent in 2012.
The anterior approach to hip replacements can minimize pain and recovery times for patients, said Anthony Unger, MD, according to the Register Citizen.
Wilmington, Mass.-based Accellent incurred a net loss of $3.3 million in the fourth quarter, an improvement from the $3.4 million loss during the same period last year.
Alpharetta, Ga.-based SANUWAVE Health's 2012 revenue of $762,214 was a decrease of 4 percent compared with 2011's total revenue, due in large part to lower sales in Europe of orthopedic, trauma and sports medicine devices.