The orthopedic industry faced unique challenges and profound uncertainty in 2020. We recap market’s recovery through nine months and our 2020 projections.
With its renewed focus on winning market share, Medtronic estimates Mazor X placements outpaced Globus Medical’s ExcelsiusGPS by a factor of 1.5 in 3Q20.
The company rebounded sequentially in 3Q20 while sharpening its focus on digital surgery as a strategic initiative with the acquisition of Holo Surgical.
Despite gaining market share in Japan, the company's sales dropped by double-digits for the third consecutive quarter due to COVID and price reductions.
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