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Year in Review

Hip Joint Replacement Market Experiences 3% Growth

The global hip joint replacement market grew 3.2% in 2018 vs. 2017, reaching revenue of USD $7.6 billion. We project that the market will reach $8.9 billion by 2023. In this article, we’ll dive deeper into 2018 performance from companies like Zimmer Biomet, Stryker, DePuy Synthes, Smith & Nephew, Medacta and DJO, and review results from 1Q19.

Orthopedic Industry Revenue Reaches $51 Billion in 2018

According to our estimates published in THE ORTHOPAEDIC INUSTRY ANNUAL REPORT®, orthopedic industry revenue reached $51 billion worldwide in 2018 and grew 3.5% over 2017. 

Results were mixed among the largest companies as some stumbled operationally while others overperformed, due in part to early adoption of technology and entry into high-growth segments. Common strategic themes present in 2018 that will continue as part of the industry’s narrative in 2019 and beyond include connected ecosystems of products, flagship technology (e.g. robotics), portfolio-wide pull through and a growing shift to outpatient procedures.

Regulatory Report: 42 Companies that Received their First Orthopedic-Related FDA 510(k) in 2018

Small companies around the world continue to seek access to the expansive U.S. market. In 2018, 42 companies received their first ever orthopedic-related FDA 510(k) or first FDA 510(k) in a new market segment. The companies and products we mention here are excerpted from chapters of the upcoming 2019 installment of THE ORTHOPAEDIC INDUSTRY ANNUAL REPORT®. 

Year in Review: Companies New on Our Radar in 2018

We’re constantly coming across new companies, be they new customers or new faces at meetings. The pool of your peers just keeps growing, and it’s our mission to keep you aware of them. Here’s a selection of those we identified throughout 2018. All five major market segments are represented, and quite a geographical mix: Denmark, Finland, Israel, Italy, The Netherlands and the U.S.

2018 Year in Review: Revenue Projections and Technology Trends

In November, we published our downloadable report, 2018 Revenue Projections: Companies Over $200 Million, for the 25 largest orthopaedic companies. Sales for these 25 companies account for ~80% of the worldwide orthopaedic market. We project that these companies will combine for $41 billion in 2018 revenue, +3% vs. 2017.

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