With FDA approval of its Excelsius GPS in place, Globus Medical set itself up to stand as Mazor Robotics biggest rival in the spine market, according to The Motley Fool.
Here's what you need to know.
1. Mazor Robotics currently has more than 170 surgical robotic systems installed across the world and an additional 22 systems orders in the third quarter of 2017.
2. Globus Medical received FDA clearance for the Excelsius GPS robotic guidance and navigation system in August after facing various setbacks. The company originally planned to launch the minimally invasive system in 2016.
3. While recently entering the robotics market, Globus Medical has a strong presence in the spinal surgery market. Last year, the spine device company acquired Alphatec. Globus Medical has also seen positive interest from hospitals and physicians regarding the Excelsius GPS.
4. Mazor Robotics continues to make strides with its relationship with Medtronic. As the two advance to the next phase of their partnership, Medtronic is looking to assume worldwide distribution of the Mazor X system. This phase of the partnership includes a third investment of $40 million in Mazor Robotics.
5. Intuitive Surgical is another competitor Mazor Rotobics is facing. While the company has not officially entered into the spine market, Intuitive Surgical is pioneering robotics. Additionally, Zimmer Biomet's recent acquistion of Medtech adds more competition.