Biologics and the M-6 cervical disc sales were bright spots, but Orthofix faced a “perfect storm” of challenges in 3Q19 that will carry through to 2020.
A dedicated sales channel and new products brought low single-digit orthopedic growth to Integra LifeSciences in 3Q19, driven by ankle and shoulder sales.
The second quarter of 2019 brought incremental improvement over the first. Stryker and Medtronic saw revenue growth in the mid-single digits, Smith Nephew performed at 1.6% and DePuy Synthes and Zimmer Biomet experienced a year-over-year loss. Price pressure was a common theme in the quarter for many companies, as it offset some gains made from increased surgical volumes for the reporting period.