The 10 largest orthopedic device companies in the world

The goal of Stryker’s Mako robotic-arm assisted surgery is to provide more predictable outcomes. [Image courtesy of Stryker]

Two of the world’s largest orthopedic device companies expect accelerated revenue growth this year.

Stryker and Zimmer Biomet both upped their 2023 guidance during recent earnings calls, a sign that orthopedic procedures are bouncing back from the COVID-19 pandemic.

GlobalData predicted earlier this year that the recovery will lift the ortho devices market to nearly $50 billion this year. The question is whether companies can continue the momentum. Stryker and ZB are betting on innovation, building arrays of products and services around their surgical robotics systems and surgical planning and digital health tools.

During Zimmer Biomet’s second-quarter earnings call, CEO Bryan Hanson noted that ZB has 40 planned product launches between this year and the end of 2025, the …

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Globus Medical accuses Medtronic and former sales employees of stealing business

Globus Medical (NYSE:GMED) has accused four former sales employees of wrongfully joining Medtronic (NYSE:MDT) and taking business with them, saying in a lawsuit that Medtronic knew what was happening.

Audubon, Pennsylvania-based Globus filed the lawsuit on Jan. 28 in Pennsylvania’s Eastern U.S. District Court against Medtronic, three former Globus spine territory managers and one former associate spine specialist.

Fridley, Minnesota-based Medtronic has not yet responded to the lawsuit in court, but offered a statement to Medical Design & Outsourcing today.

“The company believes its conduct has been proper and will defend itself vigorously against these claims,” Medtronic said in the statement. “Medtronic remains committed to fair competition and employment practices that comply with the law and enable the company to attract and retain a best-in-class, highly talented and innovative workforce dedicated to improving lives through medi…

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Globus Medical Excelsius3D imaging system wins FDA clearance

Globus Medical recently announced that it has received FDA 510(k) clearance for its Excelsius3D intelligent intraoperative 3-in-1 imaging system.

Audubon, Pa.-based Globus Medical designed the image platform with 360º cone-beam CT, fluoroscopy and high-resolution digital radiography to eliminate the need for multiple imaging systems in one procedure.

“Excelsius3D underwent rigorous performance testing of various capabilities to support this 510(k) clearance, as it is our first imaging system 510(k) to be filed with the FDA’s Office of In Vitro Diagnostics and Radiological Health,” Kelly Baker, senior VP of regulatory and clinical affairs, said in a news release. “We are excited to expand into a new product space with the FDA and help bring this truly innovative system to market.”

The imaging system is a mobile X-ray system that is designed for 2D fluoroscopy, 2D digital radiography and 3D imaging of adult and pediatric patients.

Excelsius3D featur…

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