The Numbers

Orthopedic Market Report

Orthopedic Market Size and Share

Global orthopedic sales totaled $62 billion in 2024, an increase of 5% compared to 2023. Read our regularly updated analysis of the orthopedic market, including sales forecasts for all segments, company revenue and insight into key trends.

Twinsight Closes €1.6 Million Seed Round

Twinsight Closes €1.6 Million Seed Round

Funds will accelerate U.S. commercialization of FDA-cleared SurgiTwin 3D and complete development work on SurgiTwin 4D orthopedic surgical planning software.

THINK Surgical TMINI Miniature Robot System

THINK Surgical Secures up to $65M of Growth Capital

Proceeds will advance the commercial strategy for the TMINI System, which is currently compatible with ~70% of the market share for total knee implants.

Twinsight Closes €1.6 Million Seed Round

Funds will accelerate U.S. commercialization of FDA-cleared SurgiTwin 3D and complete development work on SurgiTwin 4D orthopedic surgical planning software.

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THINK Surgical Secures up to $65M of Growth Capital

Proceeds will advance the commercial strategy for the TMINI System, which is currently compatible with ~70% of the market share for total knee implants.

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CONMED Reportedly Weighing Decision on Future

Our chart of the month looks at CONMED’s 10-year sales history in sports medicine in the wake of reports that the company could be for sale.

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CollPlant Biotechnologies Announces $2.6M Private Placement 

The gross proceeds from the private placement, before fees are deducted, are expected to be approximately $2.6 million.

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Shoulder Innovations Closes up to $50M Credit Facility

The credit consists of a $15 million growth capital term loan, a $30 million undrawn line of credit, and a $5 million accordion feature.

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What We’re Watching in 2H 2026

Checking in on U.S. knee replacement, smaller form factor technology and the outlook for the trauma segment.

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Kinomatic Announces $4M Seed Round

Funding will accelerate the development of the company’s proprietary AI-enabled surgical planning and recovery optimization.

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VB Spine Partners on Predictive Blood Test for Scoliosis

The collab will fund the next phase research to advance the scoliosis diagnostic predictor test toward commercialization.

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Stryker Gaining Ground in OUS Hip Replacement Market

Our chart of the month looks at the ten-year sales history for OUS hip replacement among Zimmer Biomet, Stryker and DePuy Synthes.

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Materialise Invests in Replasia to Support Hip Preservation Innovation

The medtech startup is developing personalized, 3D-printed solutions and anatomical analysis software for hip preservation.

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Volatile International Markets Bring Challenges in Early 2026

Healthcare strikes, shifting market share opportunities and volume-based procurement have created a dynamic OUS market in 2026.

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Garland Surgical Closes €3.5M Seed Round

The company’s TriActiv Hip is designed to support a more natural range of motion and ultra‑low wear vs. ball‑and‑socket implants.

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Shoulder Innovations’ Growth Driven by Deepening Surgeon Base

The company grew nearly 65% in the first quarter of 2026 due to rapid surgeon onboarding and expanding product indications.

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SI-BONE Progresses Toward Durable Growth Engine

The company grew double-digits in the first quarter of 2026 thanks to its broadening procedural footprint and expanding commercial scale.

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Carlsmed’s Education and Outcomes Driving Volume Growth

The company grew more than 50% in the first quarter of 2026 as its personalized lumbar and cervical systems gain adoption.

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