Mako Surgical was a great startup with exponential growth. Just look at these numbers that Mako produced before the 2013 Stryker acquisition.
2006 - first-in-man
2008 - 500 surgeries
2009 - 1,000 surgeries
2012 - 23,000 surgeries with a run rate of $100M gross sales
Message: If you want a high valuation for your orthopedic startup, you need to generate an exponential adoption rate.
Mako Surgical was founded and began by Rony Abovitz, Maurice Ferre M.D, and other members of Z-KAT, Inc. team in 2004. Together, they were developing a novel haptic robotic system for medical applications, such as their Whole Arm Manipulator which was originally developed at MIT and then at Barrett Technology.
Leading them to their creations of the Mako Robotic Arm. Martin Roche M.D performed the first MAKOplasty Partial Knee Replacement Procedure in 2006. Their company hit giant milestones within the first few years, performing 500 MAKOplasty procedures in 2008, 1000 by 2009, and more than 23,000 by 2012.
Mako SmartRobotics is a robotic-arm assisted surgery machine that uses three principal elements to perfect the process of total knee, total hip, and partial knee replacements to create better...
