Industry News
Latest orthopaedic industry news on orthopaedic companies, devices, implants & technology trends.
- Written by mwood@beckershealthcare.com (Megan Wood)
- Category: Industry News
Here are five report highlights: 1. Globus saw $0.29 earnings per share in Q3, surpassing Thomson Reuters' consensus estimate of $0.28. 2. The company saw revenue of $135.7 million in Q3 2016, under analyst estimates of $139.25 million. 3. Q3 revenue decreased 1 percent compared to the same period in 2015. 4. Globus reported a net margin of 21.19 percent as well as a return on equity of 15.43 percent. 5. The company updated its fiscal year 2016 guidance to $1.20 EPS.
- Written by mwood@beckershealthcare.com (Megan Wood)
- Category: Industry News
Here are five highlights: 1. A 732-bed hospital, UI Hospitals and Clinics reported more than 57,000 emergency room visits in fiscal year 2015. 2. Patrick Hitchon, MD, a professor in the neurosurgery and biomedical engineering departments, will serve as the principal investigator at the study site. 3. Saul Wilson, MD, and Chandan Reddy, MD, will serve as co-investigators for the trial. 4. With the addition of this site, the INSPIRE study includes 27 clinical sites. 5.
- Written by James Chisum
- Category: Industry News
PASADENA, CA [November 07, 2016] - Huntington Medical Research Institutes (HMRI), an independent, leading biomedical research institute based in Pasadena, California, has announced the appointment of Allyson Simpson as Vice President of Philanthropy and Susie Silk Berry as Director of Philanthropy.
- Written by mrechtoris@beckershealthcare.com (Mary Rechtoris)
- Category: Industry News
Here are five thoughts: 1. The tax is expected to generate $29 billion over the next decade. The tax is comprised of a 2.3 percent levy on taxable medical devices' sales price. 2. While the manufacturer pays the tax, the manufacturer will likely place the additional expenses onto purchasers, namely physicians and hospitals. 3. Nearly 166 Democrats voted alongside Republicans to approve the two-year delay. Ninety-five Republicans voted against the delay. 4. A large portion of senators who hailed from states with a high concentration of device manufacturers voted in favor of the delay.
- Written by mwood@beckershealthcare.com (Megan Wood)
- Category: Industry News
Here are five highlights: 1. The company's $0.19 earnings per share for the third quarter beat the Thomson Reuters' consensus estimate by $0.11. 2. In the same time period in 2015, the company had a $0.25 earnings per share. 3. During Q3 2016, K2M earned $59.30 million, over the consensus estimate of $58.21 million. 4. K2M saw a negative net margin of 16.45 percent and a negative return on equity of 12.97 percent in Q3 2016.
- Written by mwood@beckershealthcare.com (Megan Wood)
- Category: Industry News
Here are six takeaways: 1. The DenerveX System is used in minimally invasive posterior capsulectomy procedures. 2. The company's medical advisory board members Martin Deeg, MD, from Stuttgart, Germany; Vik Kapoor, MD, from Manchester, England; and Gabriel Davila, MD, from Colombia, Latin America, led the cadaver lab. 3. Thirty spines surgeon from Europe and Latin American attended the cadaver lab. 4. The DenerveX System includes the DenerveX device, a single use medical device, as well as the DenerveX Pro-40 Power Generator.
- Written by Editor-in-Chief
- Category: Industry News
PUNE, India, Nov. 4, 2016 /PRNewswire-iReach/ -- Global Healthcare OEM Manufacturers Market Report: Overview Photo - http://photos.prnewswire.com/prnh/20161104/436305LOGO The global medical device industry has experienced significant growth in the last few years and is expected that the growth will be continue with a CAGR of more than 6% during the forecasted period. The medical device industry is comprised of surgical, cardiovascular, home healthcare, general medical and other devices. This is one of the prime factors for the growth of Original Equipment market in Healthcare industries. OEM or Original equipment Manufacturer is a company that makes a part or subsystem that is used in another company's end product.
- Written by Editor-in-Chief
- Category: Industry News
November 4, 2016 The Energy Department's National Renewable Energy Laboratory (NREL) last night received three R&D 100 Awards, an honor presented by R&D Magazine and considered to be the Oscars of innovation. The prize in the Mechanical/Materials category was awarded to the EcoSnap-AC Heat Pump System created by Chuck Booten and Jon Winkler from NREL's Advanced Residential Buildings research group. The award in the Analytical/Test category went to the Battery Internal Short-Circuit Device developed by Matthew Keyser and Ahmad Pesaran from NREL's Energy Storage research group. "We are honored to receive this prestigious award with our collaborators at NASA," said Keyser.
- Written by Editor-in-Chief
- Category: Industry News
Here are three observations: 1. A main market driver includes the increased adoption of surface-modified titanium in fixation systems. 2. An increase in outsourcing activities by original equipment manufacturers will serve as a barrier to market growth. 3. Globus Medical, Johnson & Johnson, Medtronic, NuVasive, Stryker and Zimmer Biomet represent key market players. More articles on devices: Medovex reports DenerveX System living tissue population test results: 6 key points Wright Medical Group settles metal-on-metal hip litigation for $240M: 5 things to know US spine implants market to grow at CAGR of 5.29% through 2020: 4 observations
- Written by Editor-in-Chief
- Category: Industry News
Pune, Maharashtra -- (SBWIRE) -- 11/04/2016 -- Firstly, Foot Devices market report 2016 provides a basic summary of the Foot Devices market definitions, Foot Devices industry classifications, applications and Foot Devices industry chain structure. Foot Devices Market analysis is provides global Foot Devices market development history, Foot Devices industry competitive landscape analysis on Foot Devices Market scenario. Major Key Players Analysis - in Foot Devices market: 1. Arthrex 2. Stryker 3. Wright Medical 4. Aap Implantate 5. Acumed 6. Biomet 7. BioPro 8. Mondeal Medical Systems 9. Orthofix 10. Smith & Nephew 11. Tornier 12. Vilex 13. Zimmer Do Inquiry before buying "Worldwide Foot Devices Market" report here: https://market.biz/report/global-foot-devices-market-2016/21482/#inquiry
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