Here are 35 orthopedic and spine device companies to keep an eye on over the next year.
4Web Medical (Frisco, Texas). 4Web Medical uses 3D printing technology to make orthopedic and spine implants. The company was founded in 2008 and has grown to include five FDA-cleared implant systems. In October, 4Web launched a standalone anterior lumbar spine system with the first procedure being performed by James Lynch, MD, CEO of SpineNevada in Reno.
Aesculap Implant Systems (Center Valley, Pa.). Aesculap offers a suite of hip and knee implants, navigation and spine technologies that includes the activL artificial disc. The company’s knee portfolio offers advanced surface technology to guard against implant wear and metal ion release.
Atec (Carlsbad, Calif.). Atec focuses on developing new approaches for spine surgery. In February, the company opened a new headquarters in Carlsbad, Calif., to add education space, a biomechanical lab and machining center. The company employs around 300 people and expects to continue building its team this year.
Arthrex (Naples, Fla.). Arthrex is a global orthopedic device company focused on arthroscopy. It develops more than 1,000 products and procedures annually. In December, Arthrex launched the SwiveLock ACL repair kit for treating primary ACL tears.
Bioventus (Durham, N.C.). Bioventus is a global company focused on minimally invasive joint therapies and surgical biologics. The company’s orthobiologics products promote
bone formation and include allograft and synthetic offerings. The company launched
an initial public offering in February.
Camber Spine (Prussia, Pa.). Camber Spine develops surgeon-designed minimally invasive technologies for treating complex spine disorders. The company has 20 FDA-cleared spine products and more than 28 active or issued patents. Camber Spine was established in 2010 and incorporates 3D printing into its implants.
ChoiceSpine (Knoxville, Tenn.). ChoiceSpine is a privately held spine implant company founded in 2006. It has a portfolio of regenerative and osteobiologic products, including a lateral fusion system and implants manufactured with 3D printing technology. The company uses impregnated hydroxyapatite with its interbody products.
Conformis (Billerica, Mass.). Conformis uses advanced 3D-imaging technology to develop patient-specific knee implants. The company’s proprietary iFit Image-to-Implant platform sells joint implants individually sized and shaped to the patient’s anatomy for partial and total knee replacements.
Conventus Orthopedics (Maple Grove, Minn.). Conventus focuses on 3D fracture fixation technology. In 2020, Conventus acquired Flower Orthopedics, which provides sterile packaged, single-use orthopedic surgery products. Since then, it has hired two executives to lead sales and research and development.
DePuy Synthes (West Chester, Pa.). DePuy Synthes is part of Johnson & Johnson Medical Device Companies. It provides joint reconstruction, trauma, spine and sports medicine products. The DePuy Synthes Attune knee system has been implanted in more than 1 million patients worldwide.
DJO (Lewisville, Texas). DJO is an orthopedic products company with more than 5,000 employees and 1,000 medical devices. It was acquired by Colfax Corp., a diversified technology company, in 2019 and continues to produce orthopedic braces, surgical products and spine technologies.
Exactech (Gainesville, Fla.). Exactech develops orthopedic implants, instruments and technologies. In February, the company launched the next generation of the ExactechGPS- guided personalized surgery system for knee and shoulder replacements.
Globus Medical (Audubon, Pa.). Globus Medical is a spine device and technology manufacturer. The company has spinal implant, robotics and navigation platforms for complex and minimally invasive procedures. Globus’ spinal robotics technology, ExcelsiusGPS, assists surgeons with pedicle screw placement and provides navigation for transforaminal and lateral lumbar interbody fusions.
GS Medical (Mission Viejo, Calif.). GS Medical is a global medical device company focused on the care of spine disorders, providing various solutions from implants to disposables. GS Medical is dedicated to providing state-of-the-art, innovative spine products for better patient care, working closely with surgeons, distributors and hospital partners to create custom solutions that meet their needs.
Integra LifeSciences (Princeton, N.J.). Integra LifeSciences is a global medical device company with orthopedics, neurosurgery and general and reconstructive surgery products. It was founded in 1989 and has grown to include 3,000 employees. In January the company acquired ACell, a regenerative medicine company.
Life Spine (Huntley, Ill.). Life Spine was founded in 2004 and has grown to include 70 employees worldwide. The company provides biologics and foot and ankle extremity fixation devices and spinal fusion products. More than 1,000 surgeons from 48 states and 32 countries use Life Spine’s products.
LimaCorporate (San Daniele del Friuli, Italy). LimaCorporate is a global orthopedics company focused on joint replacement procedures. It includes shoulder, elbow, hip and knee products. In 2019, LimaCorporate partnered with New York City-based Hospital for Special Surgery to found an additive manufacturing 3D-printing facility to customize implants at the hospital.
Medacta (Franklin, Tenn.). Medacta offers minimally invasive orthopedic surgical products and is known for the minimally invasive anterior hip replacement technique. The company’s MySolutions technology offers personalized preoperative planning and develops personalized kinematic models and 3D-planning tools for hip, knee, shoulder and spine procedures.
Medtronic (Dublin, Ireland). Medtronic is a medical technology company with spine and pain management product offerings. The company’s Mazor X Stealth Edition is robotic technology designed to help surgeons perform more precise spinal procedures. The technology also allows for real-time visualization of the patient’s anatomy.
MicroPort Orthopedics (Palo Alto, Calif.). MicroPort develops hip and knee implants distributed to surgeons in 70 countries. Last August, the company partnered with Osso
VR, a virtual reality surgical training platform, for surgeons to train on its total hip and knee replacement devices, which have been used in 600,000 cases worldwide.
Mizuho OSI (Union City, Calif.). Mizuho OSI develops surgical tables and positioning devices for orthopedic and spine cases. The company designs technology to reduce
physician fatigue and increase patient safety during procedures. In September, the company acquired Air Barrier System, an infection control device used in spine and hip surgeries.
Nanovis (Carmel, Ind.). Nanovis develops orthopedic and infection-control technology platforms for spine surgery patients. The company has a portfolio of spine implants with bactericidal capabilities to prevent localized infections. Last year, Nanovis reported a record high sales month in June and achieved the first nanotechnology FDA clearance for pedicle screws in April.
Nexxt Spine (Noblesville, Ind.). Nexxt Spine designs and manufactures all its spinal implants and 95 percent of its instruments inhouse. In December, the company launched a cervical system that includes 3D laser-printed titanium implants.
NuVasive (San Diego). NuVasive focuses on spine technology for minimally invasive procedures. The company has a single expandable platform, Pulse, which integrates multiple technologies for improved workflow and reproducibility in outcomes. The technologies include neuromonitoring, radiation reduction, imaging and navigation.
Nvision Biomedical Technologies (San Antonio). Nvision is a medical device and biologics company with spine and extremities products. In October, the company received the first FDA clearance for an osteotomy wedge system made with Invibio’s PEEK-OPTIMA HA Enhanced, a fusion-enhancing material.
Orthalign (Aliso Viejo, Calif.). Orthalign is a privately held medical device company focused on orthopedic procedures. Its technology has been used in more than 150,000 procedures. In November, New York City-based Hospital for Special Surgery surgeon Michael Ast, MD, performed the first procedure using its next-generation handheld navigation technology.
Orthofix (Lewisville, Texas). Orthofix was founded in 1980 as an orthopedic device company and has grown to include 1,000 employees. It distributes spine and extremities products to surgeons in more than 70 countries. Last March, the company acquired Fitbone limb-lengthening technology.
OrthoPediatrics (Warsaw, Ind.). OrthoPediatrics was founded in 2006 to develop orthopedic implants for children. The company has 35 surgical systems in trauma and deformity, scoliosis and sports medicine subspecialties. It distributes products in 44 countries.
SeaSpine Orthopedics (Carlsbad, Calif.). SeaSpine has a portfolio of orthobiologics products for spine, hip and extremities procedures. It also develops implants for minimally
invasive spine surgery, including the Regatta lateral plate system launched in January. SeaSpine markets products in more than 30
countries.
SI-Bone (Santa Clara, Calif.). SI-Bone developed the iFuse implant for minimally invasive sacroiliac joint fusion. More than 2,000 surgeons are trained in the procedure, which has been performed over 45,000 times. Last year, Aetna, Humana and multiple regional payers updated coverage policies to include iFuse procedures.
Smith+Nephew (London). Smith+Nephew is a medical device company with a robust portfolio of orthopedic products. The company focuses on hip and knee surgery, sports medicine and wound management. In January, Smith+Nephew acquired Integra LifeSciences’ extremities business for $240 million.
Stryker (Kalamazoo, Mich.). Stryker is an orthopedic device company with more than 40,000 employees. The company has 8,883 patents worldwide and spent $971 million on research and development in 2019. It has joint replacement, lower extremities, spine and sports medicine offerings. In November, Stryker completed its acquisition of Wright
Medical, a lower extremities device company, for around $5.4 billion.
WishBone Medical (Warsaw, Ind.). WishBone is an orthopedic device company focused on products for pediatric patients. It provides pediatric instruments and implants
in sterile packed, single-use disposable procedure kits to surgeons. In October, it received $20 million in financing from LKCM Headwater investments, a private equity firm.
Zavation (Flowood, Miss.). Zavation is an employee-owned company focused on spinal products. It has spinal systems, implants and biologics portfolios. In February, the company launched Labyrinth, a porous PEEK interbody cage.
Zimmer Biomet (Warsaw, Ind.). Zimmer Biomet is a musculoskeletal products company with devices sold in more than 100 countries. It has instrument systems and implants for knee, hip, spine, sports medicine and dental procedures. In February, the company announced plans to spin off its spine and dental businesses into a separate company