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Product / Company Performance
Smith & Nephew 2016 Revenue
ORTHOWORLD estimates Smith & Nephew 2016 orthopaedic revenue of US $3,250.5MM, +2.8% from 2015, with 4Q16 revenue of $854.9MM, -1.3% vs. 4Q15.
ORTHOWORLD estimates 2016 segment sales and growth on an as-reported basis, as follows.
- Joint Reconstruction $1,609.8MM, +4.7%
- Hip $597.0MM, -1.2%
- Knee $960.5MM, +8.8%
- Extremities $52.3MM, +3.4%
- Trauma $422.8MM, -5.4%
- Arthroscopy/Soft Tissue $1,218.0MM, +3.3%
- Hips and knees affected by fewer sales days year over year
- Moving to broader launch of ANTHEM total knee, developed to suit patient anatomies in Asia, Middle East, Africa and Latin America
- eCAP initiative garnering strong customer interest
- Syncera model still capturing business
- NAVIO revenue +50% over prior year, as expected; sold first system in India during 4Q; noted that ZUK uni knee performing well with Blue Belt robotics
- Trauma, Extremities impacted by fewer sales days and trading conditions in Gulf states, countered by strong U.S. performance following campaign for TRIGEN INTERTAN hip nail
- Growth in Arthroscopy/Soft Tissue Repair supported by shoulder, knee and hip repair, though some softness in mechanical resection
- Specific products supporting growth include LENS Surgical Imaging, WEREWOLF Coblation, ULTRABUTTON Adjustable Fixation Device, limited market launch of JOURNEY II XR bi-cruciate retaining knee, REDAPT Revision System
- Will move manufacture of WEREWOLF system to Costa Rica facility in the future
Sources: Smith & Nephew plc; ORTHOWORLD Inc.
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