The artificial disc replacement market is expected to grow at a compound annual growth rate of 12.3% between 2023 and 2030, according to Vantage Market Research.
Spinal Tech
Xtant Medical had its credit facility with MidCap Financial raised from $8 million to $17 million, according to a March 7 news release.
Becker's reported on three product recalls from spine and orthopedic medtech companies so far in 2024.
Medtronic launched the UNiD ePro service in the U.S., the company said March 6.
OrthoPediatrics has announced a revenue of $148.7 million in 2023, up 22% from the year prior.
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Here are five key developments from spine devicemakers since Feb. 28.
Orthofix's fourth quarter sales grew 64%, and its full year revenue rose 62%, according to financial results posted March 5.
Two spine companies launched public offerings since Feb. 26.
Alphatec CFO John Koning sold 121,601 shares of company stock on March 1, according to SEC documents.
OrthoPediatrics has launched a new system, the Response rib and pelvic fixation system, to treat children with early onset scoliosis.