Spinal Tech

Smith & Nephew's much-anticipated second quarter financial report was released today, with strong numbers and a new company strategy outlined for the future.

Smith & Nephew announced 140 jobs currently in the United Kingdom will be cut when the company moves some of its production to China, according to an iTV report.

Spine device company K2M received FDA clearance for the CASPIAN Occipital Anchor recently, and company leaders have plans for additional global growth in the future.

  MedStar Union Memorial Hospital in Baltimore, part of MedStar Orthopaedics, is the first hospital in the United States to offer procedures with the Rotation Medical Rotator Cuff System.

As taxes on medical device and drug companies continue to increase, many are finding loopholes to avoid paying. President Barack Obama recently had choice words for these companies, which now include orthopedic and spine market giant Medtronic.

The global orthopedic trauma fixation devices market is expected to grow to $9.3 billion by 2020, according to a Transparency Market Research report.

Nextremity Solutions, a Warsaw, Ind.-based orthopedic device company focused on small bone implants, was recognized as on of the "2014 Indiana Companies to Watch."

K2M reported a short interest increase during July, according to a Mideast Times report.

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.

The global medical robots market is expected to reach $3.7 billion by 2018, according to a MarketsandMarkets report.