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 […]
Smith+Nephew
Smith+Nephew CFO to step down, revenue guidance increased
Smith+Nephew said today that it now expects 6–7% revenue growth this year, up from a previous 5–6% growth projection. The British orthopedic and sports medicine products company also announced that CFO Anne-Françoise Nesmes will step down during the second quarter of 2024 and that the board has initiated an external search for a successor. Revenue […]
Smith+Nephew wins FDA clearance for shoulder replacement system
Smith+Nephew announced today that it received FDA 510(k) clearance for its Aetos shoulder system. London-based Smith+Nephew designed Aetos to restore patients’ range of motion and help minimize arthritic shoulder pain. The system features the Aetos Meta Stem designed for maximizing stability, preserving bone and maintaining patient anatomy. Aetos adds to the company’s upper extremity portfolio. […]
Smith+Nephew unveils duo of AI-powered surgical robotics tools
Smith+Nephew (NYSE:SNN) announced today that it introduced two new products for its robotics and digital surgery portfolio. The London-based company unveiled its Personalized Planning (powered by AI) and RI.Insights data visualization platform. These solutions transform data into contextual intelligence, enabling surgeons to see how pre-operative plans and intra-operative decisions link to postoperative outcomes. This closes […]
Smith+Nephew unveils handheld digital tensioning device for robotic knee surgery
Smith+Nephew announced today that it introduced its new Cori digital tensioner device for robotic knee surgery. London-based Smith+Nephew designed the Cori digital tensioner as a purpose-built device for measuring the ligament tension in a knee prior to cutting the bone. It enables a surgeon to quantify joint laxity in the native knee and achieve an […]
The top orthopedic device news out of AAOS 2023
Stryker’s next-gen Mako total robotic knee surgery system and more AI integration for Zimmer Biomet’s ZBEdge surgical platform topped the news at this year’s AAOS 2023. The American Academy of Orthopaedic Surgeons 2023 annual meeting drew top medical and medtech talent to Las Vegas from March 7–11. Here is a roundup of major news coming […]
Smith+Nephew data backs its patient-specific knee surgery tools
Smith+Nephew (LSE:SN, NYSE:SNN) has published a systemic literature review that backs its Visionaire patient-specific instrumentation for knee surgeries. The research was published online by the Archives of Orthopaedic and Trauma Surgery. It included a meta-analysis of 25 relevant studies that compared Visionaire-enabled total knee arthroplasty (TKA) with conventional instrumentation-enabled TKA. The analysis demonstrated improvements in […]
Smith+Nephew projects at least 5% growth next year after ’12-point’ transformation
Smith+Nephew (NYSE:SNN) shares ticked up slightly on fourth-quarter financial results that include projections for growth in 2023. Shares of SNN rose 0.5% at $29.55 apiece in early-morning trading today. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — rose 8.7%. The London-based orthopedic implant maker posted revenues of $1.37 […]
Smith+Nephew names new company chair
Smith+Nephew (NYSE:SNN) announced that it appointed Rupert Soames OBE to succeed Roberto Quarta as chair of the company. Quarta reached the end of his tenure and intends to retire as chair and non-executive director this year. London-based Smith+Nephew plans to appoint Soames as an independent non-executive director at its annual meeting on April 26. His […]
Smith+Nephew LEAF patient monitor wins innovative tech nod
Smith+Nephew (NYSE:SNN) announced today that its LEAF patient monitoring system received an Innovative Technology designation from Vizient. Vizient awards Innovative Technology designations to previously contracted products. The award signals to healthcare providers the impact of these innovations. London-based Smith+Nephew exhibited the LEAF system at the Vizient Innovative Technology Exchange last year. Smith+Nephew’s LEAF offers visual […]
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. […]