On November 25, Zhitong Finance was informed that recently, MicroPort Medical announced a strategic cooperation with Israeli company MinInvasive.
It is reported that MinInvasive is mainly engaged in the production of OmniCuff, a new generation of micro-trauma rotator cuff repair equipment. Mini-Cell Medical is authorized to exclusively produce and distribute OmniCuff in the Chinese market, and will provide instrument components for MinInvasive through its global resource center to reduce OmniCuff's Production costs.
The rotator cuff repair market is a fast-growing market that is part of the sports medicine market. According to related research, about 1 million rotator cuff repairs are carried out globally each year and are expected to grow at a rate of 7% per year, while the compound annual growth rate in emerging markets such as China is over 20%.
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