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Product / Company Performance

Global Orthopedic Market Revenue to Exceed $61 Billion in 2023 -

The global orthopedic market will exceed US $61 billion in revenue in 2023, per projections available in the 2019 installment of THE ORTHOPAEDIC INDUSTRY ANNUAL REPORT®. Extremities and Sports Medicine markets are expected to post 6% to 8% year-over-year growth, with Trauma, Joint Replacement, Spine and Orthobiologics remaining in the low single digits. Market leaders DePuy Synthes, Zimmer Biomet, Stryker, Smith & Nephew, Medtronic, Arthrex and NuVasive currently control 65% of the market, according to the report, with smaller companies continuing to gain share. All told, 1,012 companies are mentioned in the annual report, and revenue estimates are provided for companies with sales over $100 million. (ORTHOWORLD Inc., 6/4/19)