It’s never a shock to hear healthcare is changing. All aspects of the industry continue to advance, grow and develop. Orthopedic and spine device companies are currently contemplating and handling various shifts in the industry.
Here are 10 key trends in the orthopedic and spine device industry.
1. The shift toward ASCs: Mazor Robotics is among the device companies focused on transitioning physicians and patients from inpatient care settings to outpatient surgery centers and ambulatory surgery centers. In a phone call with shareholders, Mazor Robotics CEO Ori Hadomi, said, “In the U.S., our Renaissance [system] is creating headway into the ambulatory surgery center market and we have initiated a pilot program with a major ASC chain.”
2. Building out product portfolios through acquisitions: In the first quarter of 2018 Alphatec diverted from its traditional portfolio of manufacturing widgets and acquired SafeOp Surgical, an automated neuromonitoring technology company. Alphatec now plans to use the new products to enhance its current portfolio, utilizing a porous titanium material.
3. The introduction of biologics: “Our biologics business performed better than expected, down 10 percent versus the hardest comparison quarter we will see this year, and better than the results we had guided to,” said NuVasive CEO Gregory Lucier in a conference call to shareholders. Biologics continues to be a pressing issue, with the FDA introducing more regulations and more companies investigating how biologics can boost their implants.
4. 3-D printing is becoming more prevalent and competitive: As more patients expect to receive personalized care, device companies are competing to provide patient, specific 3-D printed implants. K2M CEO Eric Major understands the demand, saying, “3-D printing is one of the hottest areas of spine implant innovation, and K2M was the first leading spine company to market 3-D printed spinal implants.”
By Mackenzie Garrity | Becker’s Spine Review
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