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These 7 trends matter the most for medtech in 2019

August 2, 2019 By Chris Newmarker

1. Every major medical device company wants a robot

Intuitive Surgical da Vinci SP

The da Vinci SP [Image courtesy of Intuitive Surgical]

Intuitive Surgical (NSDQ:ISRG) remains the dominant robot-assisted surgery company. Other major companies are getting into the game, though, especially in the orthopedic surgery space.

More than five years after spending $1.7 billion to acquire Mako Surgical, Stryker is leading the way bringing robot-assisted surgery to the orthopedic space. Big competitors including Johnson & Johnson’s DePuy Synthes business, Zimmer Biomet and Smith & Nephew have either launched or are preparing to launch their own robots.

In December 2018, Medtronic closed on its $1.7 billion purchase of Mazor Robotics and its robot-assisted surgery platform for the spine. A month later, Medtronic launched its Mazor X Stealth robotic-assisted spinal surgical platform in the U.S.

Intuitive Surgical meanwhile is now in the first phase of launching its da Vinci SP robot for single-port surgery. The robot’s tube is about an inch wide and delivers fully articulating instruments: three that can manipulate things and one that’s a steerable endoscope.

“We design instruments and accessories to enable repeatable, high-quality surgeries that are efficient and cost-effective relating to total cost to treat,” Intuitive Surgical CEO Gary Guthart said in a July 18 earnings call, transcribed by Seeking Alpha.

Next>>

Related articles:

Here’s how Intuitive Surgical is innovating to stay competitive

Is the orthopedic device space in the midst of a robot revolution?

Medtronic has big plans for robot-assisted spine surgery

Pages: 1 2 3 4 5 6 7 8

About The Author

Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.

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  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
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  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Supplies and Components Index
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • MedTech Resources
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    • MedTech 100 Index
    • Subscribe to Print Magazine
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