Some medical device businesses not only survived the COVID-19 pandemic but actually thrived — with many producing the medtech needed to fight the coronavirus’s spread. Medical Design & Outsourcing recently analyzed financials for 20 of the largest medical device businesses in the world. Not only was revenue only slightly down for the 20 during 2020, but it was […]
Smith+Nephew
How big medtech fared during a year of COVID-19
Despite numerous challenges, the medtech industry showed itself to be fairly recession-proof in 2020, according to a Medical Design & Outsourcing/MassDevice analysis of financials. Annual reports recently released by 20 of the world’s largest medical device companies showed only a slight dip in revenue during 2020 — a year in which medtech held the front lines against […]
12 surgical robotics companies you need to know
Surgical robotics remains a hot area in medtech — even as it faces headwinds from the COVID-19 pandemic. Intuitive Surgical (NSDQ:ISRG) pioneered robotic surgery through the early 2000s and remains the dominant player, but major companies including Medtronic (NYSE:MDT) and Johnson & Johnson (NYSE:JNJ) have big plans to enter the space and compete. Meanwhile, Stryker (NYSE:SYK) has built a […]
Smith+Nephew, Hall of Fame Health to partner on former NFL players’ wellness
Smith+Nephew (NYSE:SNN) recently entered into a partnership to deploy its digital health portfolio to support former NFL players in need of ortho procedures. London-based Smith+Nephew’s partnership with Hall of Fame Health — announced Jan. 26 — is slated to see the latter join surgeons and facilities across the U.S. to certify certain locations as “centers of […]
Smith+Nephew sees Movemedical automating inventory for its sales people
Smith+Nephew (NYSE:SNN) announced today that it has successfully introduced a new field sales operations and inventory automation system in the U.S. in partnership with Movemedical. The new system is meant to help field sales reps better manage their daily inventory operations — and better serve surgeons’ needs — boosting automation and transparency. Real-time data will […]
MedTech 100 roundup: Industry skyrockets as hot streak continues
The medtech industry’s seemingly unstoppable rise over the past several weeks shows no signs of slowing down. For the fourth time in five weeks, and for the third consecutive week, the MassDevice MedTech 100 Index — which includes stocks of the world’s largest medical device companies — hit an all-time high. Previous highs have largely been […]
Smith + Nephew closes Extremity Orthopedics purchase
Integra LifeSciences (NSDQ:IART) announced today that it completed the divestiture of its extremity orthopedics business to Smith+Nephew (NYSE:SNN). The companies previously announced the planned divestiture, worth $240 million, in September 2020. At the time, London-based Smith+Nephew said that the acquisition would significantly strengthen its extremities business by adding a combination of a focused sales channel and complimentary […]
The top 5 orthopedic device industry stories of 2020
The COVID-19 pandemic presented a host of challenges, but major mergers in the orthopedic device space still got done. A deadly coronavirus pandemic is certainly not a good environment for people to go in for knee and hip surgeries. But even amid a tough business climate, orthopedic device companies worked through big M&A deals, and […]
Smith + Nephew touts clinical results for its for its total hip arthroplasty offerings
Smith+Nephew (LON:SN) is touting what it is describing as outstanding clinical results for its total hip arthroplasty (THA) portfolio. The results — in both the National Joint Registry for England, Wales and Northern Ireland (NJR) and the Australian Orthopaedic Association National Joint Replacement Registry (AOANJRR) — involve Smith+Nephew’s POLAR3 total hip offering. The POLAR3 combines S+N’s Polarstem cementless […]
Tech bridges gap between sales reps and surgeons
Medtech sales reps often are an essential presence during surgeries. But worries about the spread of the coronavirus and the availability of personal protective equipment have pushed most reps out of the operating rooms, leaving surgeons without a resource to which they’ve grown accustomed. Technology startups are stepping forward to reunite surgeons and sales reps […]
How major medtech companies are responding to the looming EU MDR
Medtech companies that sell products in the European Union have a major deadline looming — one that’s already been put off once. The EU Medical Device Regulation (MDR) will replace the current EU Medical Device Directive (MDD) on May 26, 2021. Companies whose products are approved for sale in Europe must decide if they want […]
