The global spinal fusion market is set to grow at a 5.4 percent compound annual growth rate between 2017 and 2027, based on a Future Market Insights report, according to medGadget.
Spinal Tech
The global large joint reconstruction market will likely grow at a 6.1 percent compound annual growth rate through 2023, based on an Orian Research analysis, according to medGadget.
The global artificial lumbar disc market is set to grow at a compound annual growth rate of 21.2 percent through 2023, based on an Orian Research report, according to medGadget.
Johnson & Johnson broke ground on the new $180 million medical device plant in China, according to Caixin.
Here are 13 key notes on orthopedic and spine device companies from the past week.
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Medtronic released its 2017 fiscal year integrated performance report, showing the restorative therapies group which includes the company's spine business reported $7.4 billion in sales last year.
Smith & Nephew reported 2017 third quarter revenue increased 3 percent, driven by growth in the knee implants and emerging markets.
Claris Healthcare unveiled Claris Reflex, a medical device and patient monitoring system for total knee replacement recovery.
Wright Medical Group unveiled its GRAVITY SYNCHFIX Syndesmosis Fixation Device.
SeaSpine announced its financial results for the third quarter of 2017.