Enovis Corp - Company Profile
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Business Description
Enovis Corp (Enovis), formerly Colfax Corp, is a medical technology company. The company offers medical devices for reconstructive surgery, rehabilitation, pain management and physical therapy. It principally offers its products under the DJO brand.
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R&D Overview
Enovis' research and development (R&D) team focuses on innovating and developing new products, software and services for meeting the customers’ needs. It also focuses on enhancing and redesigning its existing products with advanced technology and new applications for improving the durability, increasing efficiency, and enhancing performance and usability. The company maintains contractual relationships with orthopedic surgeons, who assist the company in developing new products, and provides consulting services regarding its products. In FY2022, the company spent US$60.8 million on Research and Development, which as a percentage of revenue, stood at 3.9% and grew 23.8% YoY.
Business Segments
Overview
Manufactures and distributes orthopedic soft goods, bracing products, hot and cold therapy products, vascular systems and compression garments and other recovery products. It is used by surgeons, primary care physicians, physical therapists, chiropractors, pain management specialists, orthopedic specialists podiatrists, athletic trainers and other healthcare professionals to treat individuals suffering from musculoskeletal disorders caused by degenerative diseases, deformities, traumatic incidents, or sports injuries. In FY2022, the company's capital expenditure stood at US$25.1 million, which increased 28.7% YoY.
Performance
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Overview
Manufactures and distributes reconstructive joint products for hip, knee, shoulder, elbow, foot, ankle, and finger, as well as surgical productivity solutions used for orthopedic reconstructive joint implant market. In FY2022, the company's capital expenditure stood at US$74.4 million, which increased 52.5% YoY.
Performance
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Geographical Segments
Performance
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Performance
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