Market News
New product launches
- In January 2022, Stryker, a U.S. based multinational medical technology company launched the Rinastent bioresorbable nasal splint for use in nasal surgeries. It prevents movement of the septal flap and minimizes complications after septoplasty.
- In May 2021, Summit Medical, an Innovia Medical Company manufacturer of medical devices in ENT, instrument protection products launched the the U.S Accudent Nasal Splint for stabilizing nasal septal cartilage. It is made from medical-grade silicone.
- In March 2020, Network Medical Products, a U.K. based medical devices company, announced U.S Food and Drug Administration (FDA) approval for Flexfix Bioresorbable nasal dressing and splint to support nasal septum after surgery.
Acquisition and partnerships
- In June 2022, Smith & Nephew, a U.K. based multinational medical equipment manufacturing company acquired Engage Surgical, a developer of the only polyaxial locking screw system for fixation of bone fractures in the face. This expanded Smith & Nephew's portfolio.
- In April 2021, Stryker, a U.S. based multinational medical technology company, announced acquisition of OrthoSensor, an early-stage medical device company for its Verasence intraoperative sensor technology. This helped enhance Stryker's digital and robotic surgery offerings.
- In January 2020, Olympus, a Japan based optics and reprography product manufacturing company, announced acquisition of Arc Medical Design, a manufacturer of proprietary medical devices. This acquisition strengthened Olympus' single-use medical device capabilities.