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.
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.
