The global spine market is estimated to grow 5% in 2022 to reach almost $10.500 billion.Today, we are going to make a preliminary market forecast for 2022. In some cases, we take the outlook 2022 published by some companies (Globus Medical or Nuvasive). In others, we are making our estimation. Please, take into account that it is just a preliminary analysis. It is difficult to … [Read more...] about What is the preliminary estimate of the spine market in 2022 including market shares?
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Zimmer Biomet Announces Completion of ZimVie Spinoff
WARSAW, Ind., March 1, 2022 /PRNewswire/ -- Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), a global medical technology leader, today announced that the Company has completed its spinoff of ZimVie, Zimmer Biomet's former Dental and Spine business. ZimVie shares will begin "regular way" trading on the Nasdaq today under the symbol "ZIMV." "The spinoff of … [Read more...] about Zimmer Biomet Announces Completion of ZimVie Spinoff
How have the Spine market shares have changed from 2019 to today?
It's only been two years but a lot has happened since 2019 that has affected the spine market. For this reason, today we want to compare the results and market shares of 2019 with those of 2021 and see what changes have occurred and which companies have been strengthened. The Global Spine Market 2019-2021 We estimate that the market value in 2019 was USD 9,662 million, … [Read more...] about How have the Spine market shares have changed from 2019 to today?
What have been the most relevant acquisitions in 2021 in the spine market?
In 2021, we have seen fewer acquisitions than in previous years. It seems that companies in the COVID era have thought twice about making them. However, we are sure that 2022 will be a busy year in this regard. Do not forget that although the spine market continues to grow, acquiring competitors is the fastest way to grow and increase market share. Just as an example, the … [Read more...] about What have been the most relevant acquisitions in 2021 in the spine market?
New products in 2021? Learn about more than 40 new devices and 35 releases …!
In 2021, at least 44 spine products were launched on the market. According to our information, the companies that have been most active in 2021, launching more than two new products have been: Tsunami Medical, Seaspine, Spine Wave, Clariance Spine, Camber Spine, Medtronic, ATEC, Intelivation and, Nuvasive. These companies represent 66% of all launches this year (Chart … [Read more...] about New products in 2021? Learn about more than 40 new devices and 35 releases …!
Why Build Relationships with customers is crucial in the Spine market?
Work hard? Sure! Know your products very well? Of course! Provide the best service? No doubt about it! Succesful Price negotiations? Indeed!It´s enough?…Not really! From my point of view, the key factor is missing! RELATIONSHIPS with the customers! This is the element that separates the good from the best! Why? InformationKnowing a customer is key to driving sales. … [Read more...] about Why Build Relationships with customers is crucial in the Spine market?
I want a robot for spinal surgery! What are the best options?
The growing awareness among the physicians and patients regarding the benefits associated with the usage of spine surgery robots has been directly impacting the growth of the market. As we have already commented in another article, Spine surgery robots market account to USD 330.85 million by 2027 growing at a CAGR of 16.0% 2020-2027. It seems clear that robotics is the future … [Read more...] about I want a robot for spinal surgery! What are the best options?
Which is the Spine Market First Estimate for 2021?
In this article, we want to present our growth forecasts for the main spine companies in 2021. Please, bear in mind that it is a first estimate made by us and that it may not be fulfilled. Companies remain subject to the potential and uncertain impact of the ongoing COVID-19 pandemic. Hospitals may experience a surge in COVID-19 cases and defer elective procedures so that … [Read more...] about Which is the Spine Market First Estimate for 2021?
How Market Shares and competitor positions have changed in Spine in the last Ten years?
A few days ago we published an article about the market shares of the spine in 2020. Today, we received a comment suggesting us (Thanks to Jon Wait from Aurora Spine!) to compare them with the situation of 10 years ago. Fortunately, we have that information, and we have done it. The results are the following: Medtronic: It continues leading the market, but it has lost 10 … [Read more...] about How Market Shares and competitor positions have changed in Spine in the last Ten years?
How have the market shares in the spine market changed after 2020 with COVID-19?
These days, most companies are publishing their 2020 results. In this article, we have collected all of them to measure the impact of Covid on all of them. It has not been easy as each company measures and presents the spine results differently. According to Research and Markets, the global market for the Spine in 2019 was USD 9662 million. In 2020, due to COVID.19, it has … [Read more...] about How have the market shares in the spine market changed after 2020 with COVID-19?
Why have Zimmer Spun off its Spine Business? What could happen now?
Last week Zimmer Biomet announced its intention to spin off its Spine and dental businesses. According to Bryan Hanson, CEO of the company, the goal is to focus on high-growth and priority areas such as knees, hips, S.E.T. and CMFT, prioritize resources and simplify their operating models. From our point of view, this strategic action of focusing on the markets … [Read more...] about Why have Zimmer Spun off its Spine Business? What could happen now?
Quiet People in Meetings Are Incredible
Tim Denning (medium.com)--Knowing when not to talk is an art. As a corporate man by day, and an entrepreneur by night, I’ve attended my fair share of meetings over the last decade or so. Meetings can be an odd experience. Before you know it the meeting can get out of control. Leaders with pinstripe suits or hair that is turning grey quicker by the day can lose the plot. … [Read more...] about Quiet People in Meetings Are Incredible
The “Poverty Spirit” Device Rep
Kevin Brown--Since I spend a lot of time in my car I always try to find vehicles that are comfortable and have some semblance of year-end resale after 40k miles. On one particular day I had just traded in for a new truck and drove up to a gaggle of reps in the hospital parking lot. One newly hired rep in particular made a huge deal about my acquisition, and made sure that every … [Read more...] about The “Poverty Spirit” Device Rep
Someone has to say it! Thank you Mr Demski!
A few days ago, I found this letter from the CEO of Globus Medical on Linkedin. It seemed to me that finally someone important had something to say and said it. We do not work at Globus Medical, nor for them, but Dave Demski undoubtedly has our respect and admiration. The letter was the following: Dear Globus Team, The tragic and inexcusable death of George Floyd in … [Read more...] about Someone has to say it! Thank you Mr Demski!
5 More Company Logos that you will probably never see again…
Many acquisitions have taken place in the Spinal market in the last 10 years. Those companies acquired, have disappeared forever but today as we did in our article "5 Company Logos that you will probably never see again…" , we want to remember another Five Companies: 1.- Lanx Lanx was founded by a team of experienced medical device professionals and engineers in 2003 to … [Read more...] about 5 More Company Logos that you will probably never see again…
5 Company Logos that you will probably never see again…
According to our article "10 years of Acquisitions in the Spine Business (2010-2019)" many acquisitions have taken place in the Spinal market in the last 10 years consolidating companies or assets, with an eye toward stimulating growth, gaining competitive advantages, increasing market share, or influencing supply chains. Many companies acquired, have disappeared for ever … [Read more...] about 5 Company Logos that you will probably never see again…
7 Signs That You Need To Fire Your Outside Product Development Firm
By Lawrence Binder--Chairman at Binder Biomedical, Inc. So, you finally got your medical device project started but you just can’t seem to cross the finish line. From failing prototypes, failing mechanical tests, going over budget, to slipping timelines… your medical device development firm is failing you. If you are an OEM, you start to wonder why you didn't do this project … [Read more...] about 7 Signs That You Need To Fire Your Outside Product Development Firm
Top 5 Mistakes Medical Device Inventors Make When They Have A New Idea
By Lawrence Binder/Chairman at Binder Biomedical, Inc. (linkedin.com)--The hardest part of developing a new idea is getting started. But getting started without considering this list could cause major project setbacks. Contact me to discuss how I can help navigate the complicated product development cycle and bring your new idea to life. List Below: Hiring an engineer or … [Read more...] about Top 5 Mistakes Medical Device Inventors Make When They Have A New Idea
Spine Business:Is the Past Better than the Present?
Is the past always better than the present? We love to reminisce about the good old days. . . When prices were high and the spine market was stable, growing and very profitable. Ten years ago, we did not have to deal with the pricing or with insurance companies pushing back harder than ever on spinal fusions, making it more difficult to gain approval for surgical procedures. … [Read more...] about Spine Business:Is the Past Better than the Present?