Despite the COVID-19 pandemic, Stryker continued financial growth and has posted gains in its spine and neurotechnology segment since 2019. While the orthopedic segment has grown overall since 2019, the increase was most apparent in trauma and extremities sales.
Spinal Tech
Orthofix has entered into an exclusive license agreement to commercialize Italy-based IGEA's bone, cartilage and soft tissue devices in the U.S. and Canada.
Assure Holdings signed an agreement with Aetna Colorado to perform intraoperative neuromonitoring services as an in-network provider, effective May 1.
The global orthopedic market lost billions in revenue since the COVID-19 pandemic began, according to an April 28 GlobalData report.
Stryker's first-quarter sales were up 21.4 percent as the company focuses on closing its acquisition of Wright Medical.
Advertisement
Stryker posted $1.5 billion in first-quarter orthopedics sales, a 21.4 percent increase compared to the first quarter of 2020.
Hijaz Haris, a former Medtronic executive, has joined medical device company NeuroOne as vice president of marketing.
Medical device company DJO has been keen on the orthopedic space, paying close attention to the foot and ankle markets. In the last six months, the company has made three key acquisitions in orthopedics.
Medtronic's StealthStation S8 surgical system will use Surgical Theater's SyncAR augmented reality interface in a new partnership.
DJO acquired MedShape, in its latest push into the foot and ankle space.