Medtronic, which has made no secret of its surgical robotics ambitions, partnered with visualization company Karl Storz SE & Co. as it works on its own robot-assisted surgery platform.
7 companies transforming orthopedics with robot-assisted surgery
Orthopedic device companies have been actively developing products for surgical robotics, several through acquisitions.
Mazor Robotics acquired by Medtronic in $1.7B deal
Medtronic has closed the $1.7 billion acquisition of Mazor Robotics and its robot-assisted surgery platform. Medtronic capped the buyout with the announcement that its first jointly produced product won an FDA nod. Last month Caesarea, Israel-based Mazor said its shareholders voted to approve the $58.50-per-ADR-share deal with the world’s largest medical device maker, which has…
Mazor Robotics bought by Medtronic for $1.6B
Medtronic has owned since 2016 a $300 million stake (about 11%) in Mazor, which is widely regarded as a leader in robot-assisted spine surgery. By 2022, the global spinal surgical robotics market is expected to reach $2.77 billion. Mazor makes the Mazor X guidance system and the Renaissance robot-assisted spine surgery platform. Medtronic became the…
Robot-guided spine surgeries reduce complications, Israel company says
Robotic-guided spinal surgeries reduce both complications and the number of revision surgeries needed, according to a new report released today by Mazor Robotics (NSDQ:MZOR). The study shows that spinal surgeries performed using the company’s guidance system had a five-fold reduction in surgical complications. Such technology also contributed to a seven-fold reduction in revision surgeries versus…