Mazor Robotics wins first Vietnamese order

The Renaissance robotic navigation system for spinal surgery will be installed at the Viet Duc Hospital in Hanoi.

Mazor Robotics Ltd. (TASE:MZOR) has received its first order in Vietnam for its Renaissance robotic navigation system for spinal surgery. The system will be installed at the Viet Duc Hospital in Hanoi, the country's largest surgical hospital, with 1,000 beds.

The order was made through Transmedic Pte Ltd. a medical equipment distributor in Brunei, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.

Mazor CEO Ori Hadomi said, “We have made great strides in penetrating the Asian market, and our partnership with Transmedic expands our presence even further.

Mazor also received an order for the Renaissance system from its Japanese distributor Adachi Medical Instruments Co., which will use the system to obtain approval for it from Japan's Pharmaceuticals and Medical Devices Agency. Mazor said that Japan is the second largest healthcare market in the world, and estimates its spine market at over $400 millionIt is projected that by 2020, nearly 50% of Japan’s population will be over the age of 50, driving the need for improved spinal implant technology.

Published by Globes [online], Israel business news - - on October 23, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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