Share on:
Copy to clipboard 
NuVasive reported 1Q17 revenue of US $249.9MM, +16.2% vs. 1Q16. (U.S. $214.2MM, +13.7%; ex-U.S. $35.6MM, +33.3%)
| 1Q17 | 1Q16 | $ Change | % Change | |
| Â Spine | $209.4Â | $179.1Â | $30.4Â | 17.0%Â |
| Â Trauma | $7.6Â | $3.2Â | $4.4Â | 136.0%Â |
| Â Orthobiologics | $32.9Â | $32.8Â | $0.0Â | 0.1%Â |
| Total  | $249.9 | $215.1 | $34.8 | 16.2% |
1Q17 performance highlights:
- Revenue growth supported by above-market performance in all ex-U.S. regions, Integrated Global Alignment (iGA) platform (which in turn drives growth for Archon plate, VuePoint II fixation), Biotronic acquisition; continuing to gain share with NuVasive Specialized Orthopedics (NSO’s MAGEC and PRECICE—the latter experiencing rapid growth, as reflected by ORTHOWORLD’s estimates for trauma revenue)
- Hardware growth buoyed by continued adoption of MIS spinal procedures/procedure volume increase
- Price pressure in orthobiologics at about -3%
- Revenue from 2016 acquisitions accounted for ~5% of increase in spinal hardware revenue
- Asia Pacific benefited from 1Q17 reintroduction of XLIF to Japan
- Latin America returned to meaningful growth on increased volumes in Brazil
- Continuing to build up pediatric salesforce
- In 1Q and 2Q, launched MLX and TLX expandable lumbar interbody fusion devices, alpha-launched UNYTE (the ex-fix market disruptor, expecting full launch in 2H17), RELINE spinal trauma system, alpha-launched Modulus XLIF fully porous titanium implant, built with additive manufacturing
- After quarter’s close, acquired sales agent for NSO in France and Germany—now selling direct there
- 2017 growth will primarily derive from share gains in the shift toward MIS, as well as new products/services and ex-U.S. growth; orthobiologics revenue expected to be relatively flat year over year
- Manufacturing update: in 1Q, doubled output in West Carrolton, Ohio facility from 4Q16, producing >80,000 pieces; exited 2016 at ~40% of potential production, expecting to be at ~60% by end of 2017 and 100% by end of 2018
- Corporate development pipeline includes strategic investments, acquisitions, partnerships focusing on geographic expansion, clinically-differentiated surgical tools, imaging, navigation
Source: NuVasive, Inc.; ORTHOWORLD estimates
NuVasive reported 1Q17 revenue of US $249.9MM, +16.2% vs. 1Q16. (U.S. $214.2MM, +13.7%; ex-U.S. $35.6MM, +33.3%)
Q17Â
Q16Â
$ ChangeÂ
% ChangeÂ
 Spine
$209.4Â
$179.1Â
$30.4Â ...
NuVasive reported 1Q17 revenue of US $249.9MM, +16.2% vs. 1Q16. (U.S. $214.2MM, +13.7%; ex-U.S. $35.6MM, +33.3%)
| 1Q17 | 1Q16 | $ Change | % Change | |
| Â Spine | $209.4Â | $179.1Â | $30.4Â | 17.0%Â |
| Â Trauma | $7.6Â | $3.2Â | $4.4Â | 136.0%Â |
| Â Orthobiologics | $32.9Â | $32.8Â | $0.0Â | 0.1%Â |
| Total  | $249.9 | $215.1 | $34.8 | 16.2% |
1Q17 performance highlights:
- Revenue growth supported by above-market performance in all ex-U.S. regions, Integrated Global Alignment (iGA) platform (which in turn drives growth for Archon plate, VuePoint II fixation), Biotronic acquisition; continuing to gain share with NuVasive Specialized Orthopedics (NSO’s MAGEC and PRECICE—the latter experiencing rapid growth, as reflected by ORTHOWORLD’s estimates for trauma revenue)
- Hardware growth buoyed by continued adoption of MIS spinal procedures/procedure volume increase
- Price pressure in orthobiologics at about -3%
- Revenue from 2016 acquisitions accounted for ~5% of increase in spinal hardware revenue
- Asia Pacific benefited from 1Q17 reintroduction of XLIF to Japan
- Latin America returned to meaningful growth on increased volumes in Brazil
- Continuing to build up pediatric salesforce
- In 1Q and 2Q, launched MLX and TLX expandable lumbar interbody fusion devices, alpha-launched UNYTE (the ex-fix market disruptor, expecting full launch in 2H17), RELINE spinal trauma system, alpha-launched Modulus XLIF fully porous titanium implant, built with additive manufacturing
- After quarter’s close, acquired sales agent for NSO in France and Germany—now selling direct there
- 2017 growth will primarily derive from share gains in the shift toward MIS, as well as new products/services and ex-U.S. growth; orthobiologics revenue expected to be relatively flat year over year
- Manufacturing update: in 1Q, doubled output in West Carrolton, Ohio facility from 4Q16, producing >80,000 pieces; exited 2016 at ~40% of potential production, expecting to be at ~60% by end of 2017 and 100% by end of 2018
- Corporate development pipeline includes strategic investments, acquisitions, partnerships focusing on geographic expansion, clinically-differentiated surgical tools, imaging, navigation
Source: NuVasive, Inc.; ORTHOWORLD estimates
You are out of free articles for this month
Subscribe as a Guest for $0 and unlock a total of 5 articles per month.
You are out of five articles for this month
Subscribe as an Executive Member for access to unlimited articles, THE ORTHOPAEDIC INDUSTRY ANNUAL REPORT and more.
JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
RELATED ARTICLES
