Globus Medical's ExcelsiusGPS spine robot has been used in nearly 30,000 procedures since it launched in 2017, the company announced in its fourth quarter earnings call Feb. 17, as transcribed by The Motley Fool.
Four notes:
1. ExcelsiusGPS' "clinical superiority" over other spine robots on the market is the main factor driving its growth, Globus Medical CEO Dave Demski said.
2. Robotic utilization, the number of cases performed per installed robot, was at an all-time high in 2021, according to the company.
3. Globus Medical's spinal implant business continues to see a "flywheel effect of an increasing number of robots being sold combined with increasing utilization of each robot," Mr. Demski said.
4. ExcelsiusGPS combines a robotic arm with navigation to improve accuracy in the placement of screws during spine surgery and reduce radiation exposure for the surgical team. The robot supports screw placement in several approaches, including posterior cervical, posterior thoracic sacroiliac and posterior lumbar.