Spinal Tech

NuVasive released its preliminary unaudited financial results this week for the full year of 2013 and anticipates earning $683 million in revenue.

Here are six key notes on major spine and orthopedic device companies.

The Food and Drug Administration granted 44 orthopedic and spine-related device clearances in December.

Arlington, Tenn.-based MicroPort Scientific recently acquired Wright Medical Group's OrthoRecon business and established its own MicroPort Orthopedics, now the sixth largest hip and knee reconstruction company in the world.

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.