The global orthopedics industry approached $30 billion in 2010, with an annual growth rate of about 5 to 7 percent, according to a Pharma Life report, based on research from UBM Canon.
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Exactech, a Gainesville, Fla.-based orthopedic device company, reported $53.4 million in revenue for the first quarter of 2011, which was a 9 percent increase over the first quarter of 2010, according to a company news release.
ArthroCare has reported first quarter FY 2011 total revenue of $87.9 million, representing a 1.3 percent decrease from the same quarter last year, according to a company news release.
Stryker has appointed former Johnson & Johnson executive Kevin Lobo as group president of the company's newly formed Neurotechnology and Spine Group, according to a company news release.
Newt Gingrich, former speaker of the House and possible presidential candidate, is calling for transparency of prices for medical devices from hip implants to stents, according to a report by DOTmed.
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Greatbatch, maker of medical device technologies, has reported first quarter sales of $148.8 million, led by a 34 percent growth in sales for its line of orthopedic products, according to a company news release.
Aesculap Implant Systems, a B. Braun company, recently launched a new mobile digital device application featuring the OrthoPilot Navigation System, according to a company news release.
Zimmer Holdings has reported first quarter FY 2011 net sales of $1.12 billion, representing an increase of 5.0 percent compared to the first quarter of FY 2010, according to a company news release.
MiMedx, a developer of biomaterial-based products and bioimplants, has posted $1.04 million in total revenue for the first quarter of FY 2011, representing an 808 percent increase compared to $114,900 in revenue for the first quarter of last year, according…
Medical technology giant Medtronic has confirmed that 268 jobs have been cut in response to "sluggish market conditions" for heart defibrillators and spine devices, according to a Star Tribune news report.