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Year in Review

The Spine Market: A Look at Past and Forecasted Performance

Spine is the largest individual segment that we track, accounting for 18.2% of the orthopedic industry’s overall revenue. Excluding biologics, sales of orthopedic spine products topped $9.3 billion in 2018, growing +2.7% vs. 2017. Growth in the segment exceeded our expectations, as several companies in the top 10 posted double-digit increases that offset lower performance by manufacturers at the top of the list.

Here, we take a deeper look at past, present and forecasted performance.

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.

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