Medtronic combines robotics and legacy surgical businesses into one unit

Dive briefs:

  • Medtronic has combined robotic-assisted surgical technology and older surgical equipment into a single surgical unit led by Mike Marinaro.
  • The company was the first to disclose the changes. report To mass device, update Now, Marinaro says he will lead a “new integrated surgical unit” that will bring together “a legacy of surgical instruments and new robotic-assisted surgical techniques.”
  • medtronic Created At the time of the 2021 reorganization, we had two distinct business units, Surgical Innovations and Surgical Robotics, but we are now combining them to pursue growth opportunities.

Dive Insight:

Marinaro became Last year, he served as president of Medtronic’s surgical robotics business. At the time, Matt Perry was the counterpart in the Surgical Innovation Department at Marinaro. But since Perry left the company late last year, Medtronic has consolidated its operations and promoted Marinaro to run its new surgical division.

“By combining these businesses, Medtronic will be able to tap into one of the most attractive markets in all of healthcare – a market that is projected to nearly double over the next decade.” said Medtronic. Said in a statement to mass device“We will continue to operate our surgical robotics operations in Colorado and Connecticut.”

Surgical Innovations is one of the three slowest growing parts of the business. accounted for Half of last year’s sales. Surgical Robotics is one of his five fast-growing units that Medtronic believes will help boost sales over the next few years. The combination of units will come at a time when Medtronic is undergoing an “aggressive transformation,” management has previously said. was intended Reduce complexity and improve capital allocation.

Marinaro acquired Medtronic’s combined division at a critical time for its robotics business. After delaying the program considering feedback from surgeons, Medtronic is now enrolling patients in a clinical trial that will help establish the Hugo robot as a competitor to Intuitive Surgical’s da Vinci system in the United States.

Earlier this month, Medtronic CFO Karen Parkhill spoke with investors. Said Surgeons “like the imaging technology a little sharper and brighter than their competitors,” and the company claims it is “very well positioned” to grow its business as the proportion of procedures performed by robots increases. Did.

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