- In January 2025, Australian medtech company Convergence Medical secured approximately USD 3.1 million to advance its VO1 surgical robot, touted as the world’s first arthroscopic surgical robot. The device had received FDA breakthrough device designation in December 2023. This funding reinforces the growing role of robotics in enhancing precision in arthroscopic procedures
- In August 2024, Stryker, a global medical technology leader, announced the launch of InSpace—the first balloon implant for arthroscopic treatment of massive irreparable rotator cuff tears (MIRCTs)—in India. InSpace expands the treatment options for surgeons managing shoulder dysfunction. This innovation strengthens Stryker’s position in shoulder care and supports advanced patient outcomes
- In August 2024, AcuityMD revealed that Pristine Surgical had adopted its commercial intelligence platform to support the launch of the Summit single-use arthroscope. This collaboration demonstrates the growing demand for digital tools in driving innovation and commercialization in arthroscopy
- In February 2022, Formus Labs raised USD 5 million in funding and entered a strategic partnership with Zimmer Biomet for the co-development and global distribution of its technology. This partnership highlights the potential of AI-driven orthopedic planning solutions in scaling innovation across global markets
- In December 2021, Healthium Medtech Limited, a global medical device company, inaugurated its seventh manufacturing facility in India to produce a comprehensive range of arthroscopy products under the “Sironix” brand. The CDSCO-certified facility, operated by Uteshiya Medicare, is based in Rohisa Industrial Estate, Ahmedabad. This expansion enhances domestic manufacturing capabilities and supports the growing demand for arthroscopic solutions in India
