Orthofix Medical Inc - Company Profile
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Business Description
Orthofix Medical Inc (Orthofix), develops, manufactures and distributes spine, orthopedic and biologic products. It serves physicians, hospitals, ambulatory surgery centers, integrated health delivery systems, and other purchasing organizations.
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R&D Overview
The company’s R&D efforts focuses on new product development and enhancement of existing products through collaborations with hospital research institutions, physicians and other consultants. It has major R&D facilities in Verona, Italy and Lewisville, Texas. In FY2022, the company spent US$49.1 million on its R&D activities, which as a percentage of revenue stood at 10.6%.
Business Segments
Overview
- Provides products and services that help physicians treat a wide range of orthopaedic diseases that aren't associated to the spine. - Focuses on orthopaedic product design, development, and marketing for fracture repair, deformity correction, and bone rebuilding operations. - Key products include External Fixator, Eight-Plate + Guided Growth System, Advanced Limb Reconstruction System, TrueLok, TrueLok Hexapod System, HEX RAY, Galaxy Fixation System, VeroNail Trochanteric Nailing System, Centronail Titanium Nailing System, Ankle Hind Foot Nailing System, Chimaera Hip Fracture System, Agile Nail, MJ FLEX, OSCAR, Ankle Hindfoot Nail, Contours Lapidus Plating System, and RIVAL Foot & Ankle System
Performance
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Overview
Bone Growth Therapies division manufactures and distributes devices for enhancing bone fusion, using its patented pulsed electromagnetic (PEMF) technology. It provides osteogenesis stimulation devices that deliver noninvasive treatment for fractured bones and spinal fusions. Bone Growth Therapies division's products include CervicalStim, PEMF non-invasive cervical spine regenerative stimulator used to enhance bone growth; SpinalStim, PEMF non-invasive lumbar spine regenerative stimulator used to enhance bone growth; and PhysioStim, PEMF non-invasive appendicular skeleton healing therapy used to improve bone growth in nonunion factures. It also provides support services for the devices. Spinal Implants division designs, develops and markets motion preservation and fixation implant products for surgical procedures. It offers products to hospitals and healthcare providers. Spinal Implants division offers key products including M6-C artificial cervical disc, M6-L artificial lumbar disc, FORZA XP expandable spacer system, CETRA anterior cervical plate system, CONSTRUX Mini PEEK/Titanium composite (PTC) spacer system, FORZA PTC spacer system, PILLAR SA PTC PEEK spacer system, Firebird NXG spinal fixation system, JANUS midline fixation screw, connector system for revisions, CENTURION posterior occipital cervico-thoracic (POCT)system, Firebird SI, Firebird deformity correction system, PHOENIX minimally invasive spinal fixation system, LONESTAR cervical stand-alone, SKYHAWK lateral interbody fusion system & lateral plate system and FORZA spacer system. Biologics division offers regenerative products and tissue forms for various spinal and orthopedic conditions. The division offers AlloQuent Structural Allografts, Trinity ELITE, Trinity Evolution, Collage Synthetic Osteoconductive Scaffold, fiberFUSE, and VersaShield.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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