Here are 28 things to know from the largest orthopedic companies

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8116082155_ef9a1afa92_oIn an exciting year for healthcare, orthopedic device companies underwent mergers and acquisitions, strove to find the most innovative solutions and made calculated decisions in the hopes of achieving long-term success as the market becomes increasingly competitive. So who had the best 2016?

By  Adam Schrag | Becker’s Spine Review


The top medtech stories of early 2017

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Trump-inaugural-speechThe new Trump administration and Republican Congress – and all the accompanying change and uncertainty – is the major story for the medical device industry.

But there are many other medtech stories worth noting from the first quarter of 2017. There was an FDA warning over Abbott’s Absorb bioresorbable stent, a continued spate of M&A deals, a slew of cardiology research breakthroughs including a customizable robotic heart out of Harvard, and much more.

Here are the top medical device stories of early 2017.

BY Chris Newmarker | MassDevice

Image Credit: White House


Medtech M&A in 2016: Deals and Dilemmas

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merger-of-two-teams-on-a-jigsaw-puzzle-at-sunset-000086123891_fullThis was yet another year filled with mergers and acquisitions in the medical device industry, with several mega-deals valued well over $1 billion. Many of these transactions are rearranging the order of top players in various device sectors or entirely remaking a technology field. In addition to some of these evolutions, a couple of transactions haven’t moved forward as expected. All of this has added up to exciting and fast-paced changes in the medtech industry.

By Marie Thibault | MD&DI


Inside the largest medical device acquisition in history

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medtronic-covidien-large-3x2In June 2014, Medtronic and Covidien shook the medical technology industry with the announcement of a merger of unprecedented scale. OCTANe’s Medical Investor Forum, held in Irvine, Calif., Oct. 27-28, featured a conversation between Geoff Martha, who led Medtronic’s team for the $50 billion merger, and Brett Wall, former president of Covidien and current president of the Neurovascular business at Medtronic. The pair provided an inside look at the deal, how it happened, and what they would have done differently. For the most part, in keeping with OCTANe’s conference model, Wall acted as the interviewer.

Medtronic was 3 years into the leadership of Omar Ishrak and looking at what was coming down the pipeline, Martha explained. There were issues in the healthcare space, particularly in costs and meeting the needs of providers, payers, and government, that Medtronic leaders felt it couldn’t solve with its current model.

By  | Medical Design & Outsourcing


Medical Technology Sales To Hit $500B Within Five Years

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evaluate-medtech-sales-2015-2022Despite global challenges and escalating consolidation, the medical device and technology market will eclipse $500 billion in sales by 2021, according to a new analysis.

The optimistic outlook comes despite the economic slowdown in China and various financial challenges in the European Union like Brexit and, most recently, the troubles of banking powerhouse Deutsche Bank. Meanwhile, large device makers have consolidated amid a downturn of medical device sales.

But a new report by market research firm Evaluate expects global medical device and technology growth to be 5% or more annually until 2022, reaching nearly $530 billion. “The sector is already seeing a resurgence of smaller acquisitions on which start-ups, a significant source of disruptive new technologies, depend,” Ian Strickland, EvaluateMedTech product manager said of the report, released at the Advanced Medical Technology Association (AdvaMed) annual MedTech meeting this week in Minneapolis.

In recent years, large medical device makers have largely seen flat or falling sales. From 2014 to 2015, Evaluate said 12 of the 20 largest companies in the “medtech” space had negative growth, contributing to investor pressure to merge and cut costs as health insurers and government health programs squeeze payments for devices.

By Bruce Japsen | Forbes


10 Hot Medtech Industry Trends

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8116082155_ef9a1afa92_oThere is a trope used by motivational speakers that the Chinese word for “crisis” is a combination of the symbols for “danger” and “opportunity.”

It probably isn’t translated that way. But no matter what, times of disruption actually can present great opportunities. Consider all the now-giant companies such as General Electric, Microsoft, and Apple started during recessions.

Perhaps that’s where the medical device industry is right now. From smaller M&A deals to less venture capital, there has been little reason for medtech insiders to feel optimistic about the business, according to a recent report by EP Vantage, which is part of Evaluate (London). Add in questions swirling around cybersecurity, and the situation looks even worse.

And yet a host of innovations are coming of of age in the device space—from 3-D printing to connected health features—that could make medical devices more individualized, more interactive, and hopefully more useful when it comes to managing and improving people’s health.

Here are 10 recent trends we’ve spotted that spell out both danger and opportunity for the medical device industry:

By Chris Newmarker | Qmed


Mazor X unveiling triggers another $20m from Medtronic

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ows_14682955209871Mazor Robotics (NSDQ:MZOR) said today that the unveiling last month of its Mazor X robot-assisted spine surgery platform triggered the 2nd step in a 3-stage equity deal with Medtronic (NYSE:MDT).

Medtronic paid $20 million for a 3.4% stake in Mazor at $21.84 apiece, the trailing 20-day average for MZOR shares, the Caesarea, Israel-based company said. It’s part of a 2-stage deal struck with the world’s largest pure-play medtech maker back in May.

The 1st phase of the deal calls for Medtronic to acquire 15 Mazor systems in 2016 and makes Medtronic Mazor’s sole partner for developing and commercializing robot-assisted spine surgery devices. The 2nd phase is a 3-step equity investment in Mazor; including the payment announced today, the 2nd step in the equity phase, Medtronic has spent $31.9 million acquiring a 7.27% stake in Mazor.

By Brad Perriello | MassDevice