Three Orthopedic Technology Companies Make Deloitte Fast 500 List
Every year, professional services firm Deloitte LLP (Deloitte Touche Tohmatsu Ltd.) releases a list of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. This year, three orthopedic companies made the list. The inclusion of MAKO Surgical Corporation (number 64), which makes robotic surgical systems for joint surgeries, shows that surgical robotics for orthopedics has been surging in popularity. Intuitive Surgical Inc., another surgical robotics company that focuses on non-orthopedic procedures, also made the list at number 479. NuVasive Inc., which makes minimally disruptive surgical products and procedures for the spine, made the list at number 482. Topping the list of orthopedic device companies is Bacterin International Holdings Inc. at number 36. Bacterin is an accredited tissue bank and develops bone graft material and coatings for medical applications.
Award winners were selected based on percentage fiscal year revenue growth from 2008 to 2012.
“The 2013 Deloitte Technology Fast 500 companies are exemplary cases of those spurring growth in a tough market through innovation,” said Eric Openshaw, vice chairman, Deloitte LLP and U.S. Technology, Media and Telecommunications Leader. “This year’s list is a who’s who of companies behind the most exciting and innovative products and services in the technology space. We congratulate the Fast 500 companies and look forward to what they do next.”
Company executives are, naturally, proud of the achievement.
“I am very proud that NuVasive has been recognized by Deloitte as one of the fastest growing technology companies in North America,” said Alex Lukianov, chairman and CEO of NuVasive. “The achievement is a direct result of our culture of outstanding A-player standards, game-changing products and procedures, and most importantly, a company-wide mission to deliver better outcomes to spine patients around the globe.”
“We are excited to among the fastest growing companies and identified as an innovative leader in our sector,” commented Dan Goldberger, president and CEO of Bacterin. “This is indeed an honor we appreciate as we continue to innovate and grow our business.”
Some other notable medical device companies included on this year’s list were Heartware Inc., a cardiac device company that made the list at number 7; Axogen Inc., a nerve repair company that came in at number 19, and molecular testing and diagnostic assays company GenMark Diagnostics Inc., at number 68. A total of 23 medical device companies made the list.
Deloitte provides audit, tax, consulting, enterprise risk, and financial advisory services.