Pursuant to the agreement, Japan Medicalnext is the exclusive distributor of K2M’s spine products in Japan. The terms of the agreement include a long-term partnership of up to seven years. With more than 250 employees—including 50 orthopedic sales professionals—in seven offices located throughout the country, Japan Medicalnext has significant experience in medical device distribution, including the Japanese spinal surgery market.
“We are pleased to announce a new, long-term exclusive distribution agreement with Japan Medicalnext and look forward to this partnership enhancing our potential to increase our market share beyond our existing relationships in Japan’s estimated $300 million spine market,” said K2M President and CEO Eric Major. “We are excited that the management of Japan Medicalnext has a wealth of spine experience within Japan and are applying their market expertise with their established infrastructure to help grow our business in this region.”
In April, K2M secured registrations from Japan’s Pharmaceuticals and Medical Devices Agency for several of its innovative products, including its MESA and EVEREST Spinal Systems, and will continue to seek additional product registrations over the next year.
K2M Group Holdings Inc. designs, develops, and commercializes complex spine and minimally invasive spine technologies and techniques used by spine surgeons to treat some of the most complicated spinal pathologies. K2M has leveraged these core competencies into Balance ACS, a platform of products, services, and research to help surgeons achieve three-dimensional spinal balance across the axial, coronal, and sagittal planes, with the goal of supporting the full continuum of care to facilitate quality patient outcomes. The company is based in Leesburg, Va.