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ORTHOWORLD estimates Medtronic’s (MDT) FY3Q18 revenue at US $740.0MM, +1.4% vs. FY3Q17 (quarter ended 1/26/18), and calendar year 2017 revenue at US $2,966.0MM, +1.2% vs. CY2016.
| 4Q17 | 4Q16 | $ Change | % Change | |
| Spine | $605.0 | $601.0 | $4.0 | 0.7% |
| Orthobiologics | $135.0 | $129.0 | $6.0 | 4.7% |
| Total | $740.0 | $730.0 | $10.0 | 1.4% |
| 2017 | 2016 | $ Change | % Change | |
| Spine | $2,445.0 | $2,429.0 | $16.0 | 0.7% |
| Orthobiologics | $521.0 | $501.0 | $20.0 | 4.0% |
| Total | $2,966.0 | $2,930.0 | $36.0 | 1.2% |
Echoing quarters past, leadership cited growth drivers of the Prestige LP cervical disc and the continued success of Surgical Synergy, a strategy that combines surgical enabling tools (imaging, navigation, powered instruments, nerve monitoring and Mazor Robotics) with MDT’s spine implants. Also noted: strong growth momentum in China and Latin America, continued account penetration with the O-Arm, strong balloon kyphoplasty growth in Asia Pacific regions. bone morphogenetic protein is also performing well ex-U.S.—that strong growth offset declines in core spine.
On the Mazor relationship, their technology will be fully integrated into Medtronic’s spine enabling tools by January 2019.
A few minutes were spent on Medtronic Orthopedic Solutions at the end of the call, communicating that the company is still in early phases, taking a little longer than they thought, continuing to tweak the instrument design for the knee (which has been implanted in about 50 patients); the hip is only a few quarters out from its July 2017 FDA clearance—no further update on the progress of the latter.
Source: Medtronic plc, ORTHOWORLD estimates
ORTHOWORLD estimates Medtronic’s (MDT) FY3Q18 revenue at US $740.0MM, +1.4% vs. FY3Q17 (quarter ended 1/26/18), and calendar year 2017 revenue at US $2,966.0MM, +1.2% vs. CY2016.
Q17
Q16
$ Change
% Change
Spine
$605.0
$601.0
$4.0 ...
ORTHOWORLD estimates Medtronic’s (MDT) FY3Q18 revenue at US $740.0MM, +1.4% vs. FY3Q17 (quarter ended 1/26/18), and calendar year 2017 revenue at US $2,966.0MM, +1.2% vs. CY2016.
| 4Q17 | 4Q16 | $ Change | % Change | |
| Spine | $605.0 | $601.0 | $4.0 | 0.7% |
| Orthobiologics | $135.0 | $129.0 | $6.0 | 4.7% |
| Total | $740.0 | $730.0 | $10.0 | 1.4% |
| 2017 | 2016 | $ Change | % Change | |
| Spine | $2,445.0 | $2,429.0 | $16.0 | 0.7% |
| Orthobiologics | $521.0 | $501.0 | $20.0 | 4.0% |
| Total | $2,966.0 | $2,930.0 | $36.0 | 1.2% |
Echoing quarters past, leadership cited growth drivers of the Prestige LP cervical disc and the continued success of Surgical Synergy, a strategy that combines surgical enabling tools (imaging, navigation, powered instruments, nerve monitoring and Mazor Robotics) with MDT’s spine implants. Also noted: strong growth momentum in China and Latin America, continued account penetration with the O-Arm, strong balloon kyphoplasty growth in Asia Pacific regions. bone morphogenetic protein is also performing well ex-U.S.—that strong growth offset declines in core spine.
On the Mazor relationship, their technology will be fully integrated into Medtronic’s spine enabling tools by January 2019.
A few minutes were spent on Medtronic Orthopedic Solutions at the end of the call, communicating that the company is still in early phases, taking a little longer than they thought, continuing to tweak the instrument design for the knee (which has been implanted in about 50 patients); the hip is only a few quarters out from its July 2017 FDA clearance—no further update on the progress of the latter.
Source: Medtronic plc, ORTHOWORLD estimates
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
