CONMED Corporation is a multi-faceted medical technology company specializing in surgical devices. Founded in 1970, the Company has grown both internally and through acquisitions. Approximately 55% of the Company's revenues are derived from products designed for the orthopedic surgery markets of arthroscopy (sports medicine) and powered surgical instruments. The Company also sells electrosurgery systems used in all types of surgery, patient care products including ECG electrodes for heart monitoring in various clinical settings, endoscopic accessories for gastrointestinal surgery, and endosurgery instruments for laparoscopic surgery. In its major product lines, the Company holds a number two market position. Revenues in 2008 were $742 million.
CONMED prefers to sell single-use disposable surgical devices due the annuity nature of their sales. Consequently, approximately 75% of the Company's revenue is derived from the sale of these single-use products. Capital equipment such as powered drills and saws for surgery, electrosurgical generators and surgical video systems are marketed to facilitate the sale of disposable products.
CONMED distributes its products globally through its own domestic sales-force as well as domestic sales agents, international direct marketing in twelve countries, and specialty distributors in other countries. Headquartered in Utica, New York, the Company's 3,200 employees operate from several manufacturing sites. CONMED is listed on the Nasdaq stock market under the symbol "CNMD."
