Morningstar Rating

Stock Research and Analysis

by Meera Venu
MAKO has developed a cutting-edge system for knee surgery. While still in an early adoption phase, we think the firm might find itself knee deep in challenges.

MAKO has introduced a robotic arm system called the RIO and coordinating implants for minimally   Read more 

Bulls Say

The shortened surgery and recovery time of robotic knee surgery may strongly resonate with patients and encourage them to seek out MAKO's device for surgery.
MAKO's device has received 510k approval for a hip application. If the firm can further develop the device in this indication and show good efficacy, then MAKO can widen its target patient population.
MAKO's device boasts many benefits over traditional knee surgery. If the large orthopedic players want to bolster their robotic technology, then MAKO could become an attractive acquisition target. Read more 

Bears Say

MAKO remains susceptible to tight hospital spending budgets. If customers do not want to make such a big ticket purchase or save up funds for other devices, growth could slow.
With large orthopedic players in the knee surgery business, MAKO may not be able do substantially increase adoption of its devices. Their sales and service networks greatly trump MAKO's forces.
Without a great deal of long-term studies behind the technology, surgeons might hesitate to adopt the technology or learn the MAKO technique. Read more 

Strategy

MAKO Surgical seeks to increase the installed base of its devices and drive recurring revenue sales of implants and other accessories. To accomplish this task, MAKO aims to work with hospitals and key   Read more 

Management

We have several concerns about the firm's corporate governance practices and give the firm a D stewardship grade. Maurice Ferre founded the firm and currently serves as CEO and chairman. Ferre has experience in medical device sector, holding executive   Read more 

Profile

MAKO Surgical develops and markets a robotic device and implants for a minimally invasive knee procedure called the MAKOplasty. This procedure utilizes the firm's latest   Read more 

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