Spinal Tech

Mazor Robotics has signed an agreement with one of the largest group purchasing organizations for hospitals to provide members access to the Renaissance system and the company's portfolio of disposable products.

The market for medical device outsourcing and contract manufacturers as brand owners is expected to increase to more than $12 billion by 2018.

About three years ago, executives at Wright Medical Group looked at the orthopedic industry's sharply-increasing device costs coupled with decreasing procedure reimbursements and saw an opportunity to incite change.

Here are five recent leadership and executives moves at orthopedic and spine device companies.

Memphis, Tenn.-based Wright Medical Group has divested its OrthoRecon business to MicroPort Scientific as of Jan. 9.

The future of medical devices will be in the ability of manufacturers to mimic natural joints — a task 3-D implant printing can help achieve, according to a GlobalData Analyst.

Globus Medical has acquired Excelsius Surgical, a company developing next generation surgical robotic positioning platforms for spine, brain and therapeutic uses.

Leesburg, Va.-based K2M received 510(k) clearance for its CAYMAN Minimally Invasive, the newest of the CAYMAN plate systems.

Here are six recent orthopedic and spine device company mergers, acquisitions and partnerships.

Warsaw, Ind.-based Biomet experienced solid growth in the second quarter of 2014 with a net income of $4.9 million, up from the $66.2 million loss the company experienced during the same period last year.