DJO reported net sales of $249.8 million during the fourth quarter of 2010, a decrease from the $257.2 million reported during the fourth quarter of 2009, according to a company news release.
Spinal Tech
Mazor Robotics, an Israel-based spine technology manufacturer, has seen a large increase in sales after the FDA recently approved marketing of the Emerald spinal-implant system, according to a Bloomberg Businessweek report.
Cardo Medical, a Los Angeles-based orthopedic medical device company, has signed an asset purchase agreement with Arthrex, a Naples, Fla.-based sports medicine device company, according to a Cardo Medical news release.
The recent rebound of the orthopedic device market can be tied to creating more jobs and higher confidence in company CEOs, according to a Reuters news report.
Orthofix has promoted Robert S. Vaters to COO, according to a company news release.
The U.S. Food and Drug Administration unveiled its plan for revamping the review path for medical devices, including 25 actions to implement during 2011, according to an FDA news release.
Ascension Orthopaedics, an Austin, Texas-based orthopedic implant company, recently expanded the MOVEMENT great toe implant system to include a total arthroplasty component, according to a company news release.
Zyga Technology, a Minneapolis-based minimally invasive spine surgical solutions company, received FDA 510(k) clearance for its SImmetry sacroiliac joint fusion system, according to a company news release.
RSB Spine, a Cleveland-based medical device company focused on developing spinal fusion products for degenerative disc disease, announced a 97 percent sales increase in 2010 versus 2009, according to a company news release.
The global orthopedic instrumentation market is expected to exceed $47 billion by 2015, according to a report by Global Industry Analysts.
