Medical technologies and surgical devices company -
) introduced several new offerings at the 2013 American Academy
of Orthopaedic Surgeons (AAOS) annual meeting in Chicago. The
products that were displayed include the latest Y-Knot all suture
anchors and the Hall Lithium Battery System as well as offerings
from sports medicine and advanced visualization products
The latest Y-Knot all suture anchor from CONMED's Linvatec is
a suture anchor implant used for instability repair surgeries in
the shoulder and hips as well as for repair of small joints in
the extremities. The Hall Lithium Battery System - also from
Linvatec - is made of lithium-ion battery technology and provides
more power and longevity to instruments compared to standard
Moreover, the 3D-HD Vision System used during laparoscopic
surgery and the Image Recording DRSHD1080P image capturing device
from CONMED's advanced visualization portfolio were showcased at
the event. Also displayed were the one-of-a-kind smooth/ribbed
cannulas, the Dry Doc Cannulae and the complete line of anchors
with needles used in mini-open arthroscopic surgeries, SRS
In addition, CONMED also conducted medicals program at the
AAOS meet to educate surgeons regarding its latest techniques in
hip, shoulder and knee surgery. This apart, management launched
the "Concept to CONMED" campaign at AAOS. The company displayed
all its leading products since its inception 50 years ago at the
meet to celebrate its revolutionary products portfolio and
successful relation with the surgical community.
CONMED is a medical products maker, specializing in surgical
instruments and devices. A large percentage of the company's
products are designed for minimally invasive surgery, a trend
that is extremely popular these days. We believe that these
innovative offerings from the global leader in the field of
arthroscopy should bolster growth going forward.
However, we remain concerned about poor capital product sales
due to the sluggish macroeconomic conditions. Moreover, CONMED
operates in a highly-competitive orthopedic surgery market
against much larger, more technically-competent companies.
Additionally, the medical devices tax under the recent healthcare
reform initiatives in the U.S. is likely to put pressure on
CONMED carries a Zacks Rank #4 (Sell). Not all companies in
this sector are performing as badly as CONMED. Investors can
Medical Action Industries Inc.
), which carries a Zacks Rank #1 (Strong Buy), as well as
The Cooper Companies Inc.
) with a Zacks Rank #2 (Buy) for better returns.
CONMED CORP (CNMD): Free Stock Analysis
COOPER COS (COO): Free Stock Analysis Report
HENRY SCHEIN IN (HSIC): Free Stock Analysis
MEDICAL ACTION (MDCI): Free Stock Analysis
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