Medtronic PLC is preparing to invest another $20 million in Israeli med-tech company Mazor Robotics, which is expected on Tuesday to announce a new robotically assisted spine-surgery system called Mazor X.
Analysts say physician interest in robotically assisted surgical tools is steadily growing, and Medtronic seems to be positioning itself to capitalize on the trend — and potentially accelerate it — if it takes off.
More than 16,000 successful spinal surgeries have been done worldwide with Mazor’s existing flagship guidance system, the Renaissance, and its predecessor.
