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HEALTHCARE | Medical Devices & Equipment / Surgical Devices
orthosensor.com

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Founded Year

2006

Stage

Acquired | Acquired

Total Raised

$129.18M

About OrthoSensor

OrthoSensor develops orthopedic devices that provide information about implant placement and performance. Through its three product platforms - OrthoSensor Surgical, OrthoSensor Implantables, and OrthoSensor Analytics - the company aims to improve patient outcomes and reduce the cost of treating musculoskeletal disease.On January 5th, 2021, OrthoSensor was acquired by Stryker. The terms of the transaction were not disclosed.

OrthoSensor Headquarter Location

1855 Griffin Road Ste. A-310

Dania, Florida, 33004,

United States

954-577-7770

Latest OrthoSensor News

Medical Device Connectivity Market Size Forecasted to be Worth USD 8.42 Billion in 2028

Nov 11, 2021

TechBullion The global medical device connectivity market size is expected to be valued at USD 8.42 Billion in 2028 at a CAGR of 24.3% during the forecast period. Increasing demand for better medical device management in healthcare sector and increasing penetration of digital services in healthcare facilities are key factors driving market growth over the forecast period. Rising need for automatic data entry systems and EHRs are expected to further fuel revenue growth of market over the forecast period. In addition, rising implementation of health information exchange (HIE) solutions that enable interoperability of medical devices is also expected to boost revenue growth of market over the forecast period. Medical device connectivity refers to combination of medical devices and information systems that automates and streamlines workflow of medical equipment and device. It facilitates uninterrupted data transmission between devices and information systems. Medical device connectivity also eliminates need for manual data entry and this reduces risk of errors, thereby increasing patient safety. Increasing focus on improving patient safety and care quality across healthcare industry is expected to further drive market growth over the forecast period. Increasing capital expenditure in healthcare sector and rising need to improve patient monitoring system is further expected boost demand for medical device connectivity in turn drive market growth over the forecast period. Increasing collaborations between IT services providers and healthcare facilities are further driving revenue growth of market and this is expected to continue over the forecast period. However, inability and reluctance to adopt advanced digital information technology systems and high costs associated with deployment of medical device connectivity solutions are expected to restrain market growth to a certain extent over the forecast period. In addition, rising incidence of cyber-attacks across the healthcare sector is expected to restrain adoption of medical device connectivity solutions and in turn hampering market growth to a significant extent over the forecast period. Medical Device Connectivity Some Key Highlights in the Report: Medical device integration segment is expected to register a significant revenue CAGR over the forecast period. Medical device integration is a software-based solution that collects and combines patients’ vital signs via various medical devices simultaneously. Deployment of this software has increased in the recent past owing to its convenient usage and this is expected to drive revenue growth of segment over the forecast period. Implementation and integration segment revenue is expected to expand considerably over the forecast period owing to increasing adoption of medical device connectivity solutions to facilitate integration of medical devices with advanced solutions such as electronic health records (EHRs) and electronic medical records (EMRs). Wireless segment is expected to account for largest revenue share in the global market over the forecast period. Growth can be attributed to increased capability of wireless systems to enable doctors to offer high level of healthcare service and improved treatments according to real-time patient data. Hospital segment is expected to dominate in terms of market share among other end-user segments owing to increasing adoptions of electronic health records (EHRs) and electronic medical records (EMRs) across healthcare facilities such as hospitals and clinics. North America is expected to account for largest revenue share in the global market over the forecast period owing to increasing implementation of patient safety regulations in hospitals across the region. Additionally, robust presence of key healthcare information and technology companies is expected to further support revenue growth of regional market. Major companies in the market include Infosys Limited, Cisco Systems, Inc., Medtronic plc, Cerner Corporation, Digi International Inc., Lantronix, Inc., Masimo Corporation, Stryker Corporation, Qualcomm Inc., and Baxter International Inc. In January 2021, Stryker Corporation gained a controlling stake in OrthoSensor, Inc., which is a leading manufacturer of medical sensor products that enable surgeons and hospitals to make data-driven assessments. Orthosensor, Inc. is considered a pioneer in joint replacement sensor technology and its product portfolio is expected to support Stryker’s wide range of smart technologies. For the purpose of this report, Emergen Research has segmented the global medical device connectivity market on the basis of solution, service, technology, end-use, and region: Solution Outlook (Revenue, USD Billion; 2018–2028) Interface Devices Training Wireless Ambulatory Care Centers North America

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Research containing OrthoSensor

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned OrthoSensor in 1 CB Insights research brief, most recently on May 6, 2021.

Expert Collections containing OrthoSensor

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

OrthoSensor is included in 5 Expert Collections, including Digital Health.

D

Digital Health

11,415 items

Startups recreating how healthcare is delivered

I

Internet of Things ( IoT )

3,149 items

M

Medical Devices

10,972 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

T

Telehealth

2,708 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

H

Health Monitoring & Diagnostics

838 items

Companies offering products that help assess patients’ state of health and well-being from a distance. Tagged as #RemoteMonitoring&Diagnostics

OrthoSensor Patents

OrthoSensor has filed 114 patents.

The 3 most popular patent topics include:

  • Muscular system
  • Skeletal system
  • Bones of the head and neck
patents chart

Application Date

Grant Date

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5/16/2019

11/30/2021

Skeletal system, Orthopedic surgical procedures, Bones of the head and neck, Technical indicators, Joints

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11/30/2021

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Related Topics

Skeletal system, Orthopedic surgical procedures, Bones of the head and neck, Technical indicators, Joints

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Status

Grant

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OrthoSensor Web Traffic

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