Globus Medical Inc.
Latest From Globus Medical Inc.
Rivals Catching Up To Intuitive Surgical In Fast-Growing, Fast-Innovating Robotic-Assisted Devices Market
The global market for robotically assisted systems (RAS) is expected to reach $5.3bn by 2021, a CAGR of 11.7%. Meddevicetracker expects this hot market, long-dominated by Intuitive Surgical's da Vinci systems, to see rising competition from innovative companies developing robotic systems that are smaller, portable and less costly and offer surgeons innovative features that allow them to perform even more precise and user-friendly, complex surgeries. In this feature, we'll take a closer look at the overall market, highlighting the competitive landscape as well as limiters and growth opportunities. We'll also take a deep dive into RAS systems and their applications. Surgeons of various specialties provide key insights about the pros and cons of different systems.
Abbott Laboratories accounted for two of five original PMA approvals recorded by US FDA in August. That update and more from Medtech Insight's Approvals Tracker.
After two deaths and several injuries tied to the use of third-party accessories with the company’s NavLock Tracker surgical assistant, Medtronic has changed its labeling to warn against use of non-Medtronic accessories, but FDA suggests there are also other agency-cleared alternatives.
2016 was a year of surprise and change in political circles, but that's nothing new for the medtech industry, which over a number of years has become accustomed to health care systems demanding different and ever-higher levels of service. Smart medtechs have been ahead of the curve, but the whole industry now factors in clients' wider needs in a holistic approach to patient care. Many companies' current M&A policies are already reflecting the changes to come.
- Implantable Devices
Surgical Equipment & Devices
- Minimally or Less Invasive
- Therapeutic Areas
- Musculoskeletal & Connective Tissue Disorders
- North America
- Parent & Subsidiaries
- Globus Medical Inc.
- Senior Management
David C Paul, Chmn. & CEO
Daniel T Scavilla, SVP, CFO
Anthony L Williams, Pres.
A. Brett Murphy, Group Pres., Commercial Ops.
Dave Demski, Group Pres., Emerging Technologies
- Contact Info
Globus Medical Inc.
Phone: (610) 930-1800
2560 General Armistead Ave.
Audubon, PA 19403
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