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Exactech Boosts Knee System Portfolio, Launches New App
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Exactech, Inc. took a step towards it’s goal of providing an all-inclusive range of knee replacement systems with the launch of ExactechGPS TKA PLUS. This is an advanced software application that provides systematic computer guidance to orthopedic surgeons during total knee arthroplasty (TKA) procedures.
TKA PLUS software application is a supplementary feature to the existing ExactechGPS- a computer technology system for well guided, improvised and personalized joint replacement surgery. The software application is expected to provide the performing orthopedic surgeon with more precision and simplified intraoperative computer guidance to track the patient’s implant alignment.
In this regard, we note that the ExactechGPS is a widely accepted product with users in 12 countries. Also, it has tended to more than a whopping 8500 cases in knee replacement. The latest application is expected to help the company widen its customer base in these regions.
The TKA PLUS software can be used in conjunction with Truliant Knee System for enhanced performance in total knee replacement. After the recent receipt of 510(k) clearance from the FDA, Truliant Knee system is a complete portfolio of implants and instrumentation that provides an enriching surgical experience in total knee replacement.
Following this pilot lauch, Exactech plans a complete commercial launch of TKA PLUS software application in 2018. This product development is in line with the company’s objective to gain traction in the huge and untapped Total Knee Replacement market. As per data provided by Technavio, this market is expected to grow at an estimated CAGR of 3% by 2021.
Though, Exactech may benefit from the concentrated nature of the Total Knee Replacement market, it will have to face tough competition from a stronger player like Zimmer Biomet Holdings, INC. (ZBH - Free Report) , which already provides the iASSIST knee Personalized Guidance System for knee replacement procedures. It is worth noting here that Exactech has been performing better than the broader Medical Instruments market , gaining 15.5% as compared to the industry’s 9.8% over the last three months. It also outperformed the 2.6% gain of the S&P 500 market over the same time frame.
Zacks Rank and Key Picks
Exactech currently carries a Zacks Rank #3 (Hold). A few better-ranked medical stocks are Inogen, INC. (INGN - Free Report) and Abbott Laboratories (ABT - Free Report) . Notably, Inogen sports a Zacks Rank #1 (Strong Buy), while Abbott Laboratories carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Inogen has a long-term expected earnings growth rate of 17.5%. The stock has gained around 24.1% over the last three months.
Abbott Laboratories has an expected long-term adjusted earnings growth of 10.84%. The stock has added roughly 11.8% over the last three months.
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Exactech Boosts Knee System Portfolio, Launches New App
Exactech, Inc. took a step towards it’s goal of providing an all-inclusive range of knee replacement systems with the launch of ExactechGPS TKA PLUS. This is an advanced software application that provides systematic computer guidance to orthopedic surgeons during total knee arthroplasty (TKA) procedures.
TKA PLUS software application is a supplementary feature to the existing ExactechGPS- a computer technology system for well guided, improvised and personalized joint replacement surgery. The software application is expected to provide the performing orthopedic surgeon with more precision and simplified intraoperative computer guidance to track the patient’s implant alignment.
In this regard, we note that the ExactechGPS is a widely accepted product with users in 12 countries. Also, it has tended to more than a whopping 8500 cases in knee replacement. The latest application is expected to help the company widen its customer base in these regions.
The TKA PLUS software can be used in conjunction with Truliant Knee System for enhanced performance in total knee replacement. After the recent receipt of 510(k) clearance from the FDA, Truliant Knee system is a complete portfolio of implants and instrumentation that provides an enriching surgical experience in total knee replacement.
Following this pilot lauch, Exactech plans a complete commercial launch of TKA PLUS software application in 2018. This product development is in line with the company’s objective to gain traction in the huge and untapped Total Knee Replacement market. As per data provided by Technavio, this market is expected to grow at an estimated CAGR of 3% by 2021.
Though, Exactech may benefit from the concentrated nature of the Total Knee Replacement market, it will have to face tough competition from a stronger player like Zimmer Biomet Holdings, INC. (ZBH - Free Report) , which already provides the iASSIST knee Personalized Guidance System for knee replacement procedures. It is worth noting here that Exactech has been performing better than the broader Medical Instruments market , gaining 15.5% as compared to the industry’s 9.8% over the last three months. It also outperformed the 2.6% gain of the S&P 500 market over the same time frame.
Zacks Rank and Key Picks
Exactech currently carries a Zacks Rank #3 (Hold). A few better-ranked medical stocks are Inogen, INC. (INGN - Free Report) and Abbott Laboratories (ABT - Free Report) . Notably, Inogen sports a Zacks Rank #1 (Strong Buy), while Abbott Laboratories carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Inogen has a long-term expected earnings growth rate of 17.5%. The stock has gained around 24.1% over the last three months.
Abbott Laboratories has an expected long-term adjusted earnings growth of 10.84%. The stock has added roughly 11.8% over the last three months.
Today’s Stocks from Zack’s Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>