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 […]
DePuy Synthes
Former DePuy Synthes sales rep accused of defrauding Boston area hospital
Federal prosecutors claim a former DePuy Synthes sales representative defrauded an undisclosed Boston area hospital, with hundreds of thousands of dollars worth of spine products involved. According to a federal grand jury indictment announced this week in Massachusetts, Matthew Capobianco falsely represented on usage forms that more—and more expensive—Johnson & Johnson DePuy products were used […]
GE HealthCare and DePuy Synthes are partnering in spine surgery
GE HealthCare has been on a tear announcing major partnerships. Today, it announced its latest — with Johnson & Johnson’s DePuy Synthes ortho device business. The distribution agreement involves bringing GE HealthCare’s OEC 3D Imaging System, in conjunction with DePuy Synthes’ extensive product portfolio, to more spine surgeons and patients across the United States. The […]
DePuy Synthes to pay $9.75M to resolve surgeon kickbacks case
Johnson & Johnson’s DePuy Synthes has settled with federal prosecutors over allegations that it provided a Massachusetts-based surgeon with $100,000 worth of free products to win business. As part of the $9.75 million settlement agreement, DePuy Synthes admitted that it provided free cages, rods, screws, plates and modular access and retraction systems to the surgeon […]
Why are so many medical device companies making big investments in Ireland?
Ireland’s foreign direct investment agency has some of the biggest names in medtech investing in the country. Within recent years, a number of major medtech companies celebrated anniversaries. Abbott’s was 70 years, Medtronic’s was 40 and Boston Scientific’s was 25. That’s how long those companies have operated in Ireland. Gerard Kilcommins, Medtronic VP of global […]
16 surgical robotics companies you need to know
Intuitive remains the dominant surgical robotics company, but corporations ranging from Medtronic to Vicarious Surgical look to compete. Robotic-assisted surgery remains one of the hottest spaces in medtech. Intuitive, which pioneered the field in the 1990s and early 2000s, continues to innovate. At the same time, a host of other companies are looking to compete. […]
Depuy Synthes wins FDA clearance for Teligen system
Johnson & Johnson MedTech’s DePuy Synthes this week announced it received FDA 510(k) clearance for its Teligen technology platform for spinal procedures. Teligen is an integrated technology platform that enables minimally invasive surgical transforaminal lumber interbody fusion (MIS-TLIF) procedures using digital tools for visualization and access. The system has a tower with a camera control […]
The 10 largest orthopedic device companies in the world
Stryker, Johnson & Johnson’s DePuy Synthes and Zimmer Biomet are the largest orthopedic device companies. With elective procedure numbers rebounding after the darkest days of the COVID-19 pandemic, sales at most of the world’s largest orthopedic device companies increased by double-digit percentages during their most recent fiscal years. Here are the world’s 10 largest orthopedic […]
FDA clears DePuy Synthes’ Inhance for total shoulder arthroplasty
Johnson & Johnson MedTech’s DePuy Synthes ortho device company announced today that its Inhance system has received FDA clearance for total shoulder arthroplasty. DePuy Synthes officials say their company is first to market with a fully convertible should arthroplasty system. The new clearance is in addition to the system’s already cleared use in anatomic shoulder […]
Thanks, mom! Medtech leaders reflect on Mother’s Day
Everyone has a story about how they got into medtech, and it’s no surprise that many of those stories start with how we were raised. As Mother’s Day approaches, Medical Design & Outsourcing asked medtech leaders to share some thoughts about how their moms inspired their careers, the products they make and the companies they’ve built. We […]
How Johnson & Johnson’s DePuy Synthes is shifting toward digital
Johnson & Johnson is increasingly digitizing in the medical device space, with the company even recently rebranding the business to Johnson & Johnson MedTech to reflect the shift. Many medtech companies have embraced the trend. It’s all about providing software, knowledge and insights to boost healthcare outcomes and hopefully help the system operate more efficiently […]
