Zimmer Biomet (NYSE:ZBH) is in its second year of a two-year restructuring effort to boost competitiveness under CEO Bryan Hanson, a former Medtronic EVP who took the reins of the Warsaw, Ind.–based ortho device giant in late 2017. “As we execute more of these contracts, we would expect our core spine implant sales to grow over the coming quarters.”Fridley, Minn.–based Medtronic runs its Spine Division out of Memphis, Tenn. Colfax Corp. (NYSE:CFX) in February closed on its $3.15 billion acquisition of DJO Global – the Dallas-based maker of knee, shoulder and hip implants, joint and spine bracing, and much more.“They are a clear leader with a strong history and an attractive potential for future growth and margin improvement,” CEO Matt Trerotola said in a news release.DJO used last month’s AAOS show in Las Vegas to introduce its Adaptable surgical arm, which it touted as the first fully sterile, surgeon-controlled leg and retractor holder designed for direct anterior approach total hip arthroplasty. However, the company’s market share is likely to get affected after the launch of clear aligners by 3M. Kalamazoo, Mich.–based Stryker also expects double-digit percentage growth in the number of Mako systems for robotically assisted knee and hip surgery implanted this year, said Katherine Owen, Stryker’s VP of strategy and investor relations, speaking during a January earnings call transcribed by Seeking Alpha.SVBLeerink analysts wrote during last month’s AAOS annual meeting that Mako remains best-in-class in an expanding category: “We continue to hear from docs that if one wants a true robotics platform, Mako is the way to go.”Stryker also used AAOS to introduce a redesigned ReUnion S humeral stem for shoulder arthroplasty, and Stryker’s trauma and extremities division launched Adapt for Gamma3 augmented reality software. The company also continues to snap up new technologies, announcing last month that it was offering $220 million for OrthoSpace and its InSpace rotator cuff repair device. “Align Technology, Ormco Corporation, and 3M to lead the market.” The orthodontics market is consolidated with Align Technology, Ormco Corporation, 3M, and Institut Straumann AG, having the dominant position. It’ll include hip software acquired through Smith & Nephew’s purchase of Brainlab’s orthopedic joint reconstruction business. Could hydrogels and magnetic fields grow new cartilage. This article originally ran on April 5, 2019. Your Guide inside the Orthopedics industry Bringing best-fit candidates to growing orthopedic companies, The 10 largest orthopedic device companies in the world (MassDevice). The improved distribution network… * based on 2011 full year financials ** private companies such as Globus Medical that do not report financials are omitted Stryker ($8.3 billion). J&J (NYSE:JNJ) also saw a decline in sales of products for knee procedures, due to competitive pressures in the U.S.At the same time, New Brunswick, N.J.–based Johnson & Johnson has been introducing new products related to hips and spine. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives. Surgeons can implant the Actis total hip system through tissue-sparing approaches, such as the anterior approach, as well as traditional approaches, according to J&J and its DePuy Synthes Cos. Johnson & Johnson is also developing robot-assisted orthopedic surgery platforms after acquiring French robot-assisted surgery company Orthotaxy in 2018. The company also suffered a legal loss in late 2018 when a federal appeals court affirmed Stryker’s enhanced $248 million win against Zimmer Biomet in a surgical tool patent case. Orthofix Medical stock (NSDQ:OFIX) fell by nearly a fifth in value in late February and early March after the Lewisville, Texas–based company failed to meet Wall Street analysts’ expectations for its fourth-quarter and 2018 sales.The company had some good news this week, however. The Orthotaxy robot will be smaller and more affordable than surgical robots presently out there, Liam Rowley, VP of R&D for knees at DePuy, recently told Medical Design & Outsourcing. Medtronic (NYSE:MDT) in December 2018 closed on its $1.7 billion purchase of Mazor Robotics and its robot-assisted surgery platform for spine. Orthopedic products generating excitement at the Utica, N.Y.–based company include its MicroFree cordless small-bone power system, CEO Todd Garner said during a January earnings call transcribed by Seeking Alpha.The MicroFree cordless, battery-powered, pencil-grip instruments for small bone are meant to provide the freedom of cordless for ortho surgeons while still delivering the necessary power. Spine sales showed 48.5 percent Stryker’s net sales were up 13.5 percent in 2011 over 2010. Stryker’s bottom line more than tripled to $3.6 billion in 2018, and sales were up 9.3% to $13.6 billion.Stryker (NYSE:SYK) officials see the company bolstering its position in the spine market as it integrates K2M, which the company acquired for about $1.4 billion in November 2018. The world’s largest orthopedic medical device company is enjoying momentum at the start of the year. OrthoStreams 2020. NuVasive’s stock (NSDQ:NUVA) jumped about 17% in value, to around $58 per share, in early February after media reports that Smith & Nephew was reportedly in talks to acquire the maker of minimally invasive spine products. The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
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