Medtronic PLC has made a multifaceted deal with surgical robotics provider Mazor Robotics Ltd. In May, Medtronic said it would buy 15 Mazor X systems by year’s end. Assuming that joint development and sales are successful, the company plans to become the exclusive distributor of Mazor Robotics’s products in 2017.
Medtronic, which has offices in Dublin and Minneapolis, is the world’s largest pure-play medical device maker.
In the U.S. alone, there than 500,000 spinal implant surgeries per year, according to The Motely Fool.
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