NuVasive reported total revenue in the second quarter of 2014 increased 15.1 percent to $190.7 million, making it the third-largest company in the global spine market.
Spinal Tech
The global medical robots market is expected to reach $3.7 billion by 2018, according to a MarketsandMarkets report.
Intellijoint Surgical has obtained clearance from the U.S. Food and Drug Administration for its flagship product — Intellijoint HIP.
Medtronic completed its acquisition of Visualase, a Houston-based company that markets and develops an MRI-guided laser and image guided system for minimally invasive neurosurgeries.
Exactech reported a 6 percent increase in second quarter revenue, which reached $63.9 million.
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The FDA granted Medtronic approval for the Prestige LP Cervical Disc System to treat single-level cervical disc disease.
Smith & Nephew CEO Olivier Bohuon is now publicly allaying rumors the company may consider a merger or sale to another medtech giant in the near future, according to a report from The Telegraph.
Robert Masson, MD, a spine surgeon and founder of NeuroSpine Institute of Orlando performed the first cervical spine surgery in the world using the Mitaka USA Kestrel View.
RTI Surgical reported $66 million revenue for the second quarter of 2014, an increase over the same period last year when revenue reached $42.3 million.
Mainstay Medical has received authorization from the Medicines and Healthcare Products Regulatory Agency and the Central Ethics Committee to expand the clinical trial of ReActiv8 to include clinical trial sites in the United Kingdom.