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OrthoPediatrics (KIDS) posted 4Q17 revenue of US $11.7MM, +23.7% vs. 4Q16, and 2017 revenue of $45.6MM, +22.4% vs. 2016.
| 4Q17 | 4Q16 | $ Change | % Change | |
| Â Trauma | $8.5Â | $6.7Â | $1.8Â | 26.9%Â |
| Â Spine | $2.9Â | $2.4Â | $0.5Â | 20.8%Â |
| Â Arthroscopy/Soft Tissue Repair | $0.3Â | $0.3Â | -$0.1Â | -17.8%Â |
| Total | $11.7 | $9.4 | $2.2 | 23.7% |
| 2017 | 2016 | $ Change | % Change | |
| Â Trauma | $32.8Â | $26.9Â | $6.0Â | 22.2%Â |
| Â Spine | $11.6Â | $9.3Â | $2.3Â | 24.2%Â |
| Â Arthroscopy/Soft Tissue Repair | $1.2Â | $1.1Â | $0.1Â | 12.4%Â |
| Total | $45.6 | $37.3 | $8.4 | 22.4% |
KIDS now refers to its spine segment as Scoliosis, and ACL/Other as Sports Medicine/Other. (We will continue to use our general market segment terms.)
Growth was driven in part by a move from stocking distributors in select geographies to a sales agency model, which KIDS considers to be a core strength in U.S. sales. Overall, the company ended 2017 with a 75+ member dedicated rep salesforce.
Five products were launched in 2017, including a wrist fusion plate in 4Q. For 2018, new product launches will include a small stature Response scoliosis plate, small stature BandLoc polyester sublaminar banding system, an osteogenesis imperfecta nail, next-gen PediNail and a pediatric foot system. The annual investment in consigned sets will increase from $3.5MM to $10MM, this year. An active growing implant system and spinal tethering products are in development.
For 2018, leadership offered revenue guidance of +22% vs. 2017, which would be $55.7MM.
KIDS leadership indicates that scoliosis competition continues from DePuy Synthes and Medtronic, but claims to see very little in trauma and deformity.
Source: OrthoPediatrics Corp.
OrthoPediatrics (KIDS) posted 4Q17 revenue of US $11.7MM, +23.7% vs. 4Q16, and 2017 revenue of $45.6MM, +22.4% vs. 2016.
Q17Â
Q16Â
$ ChangeÂ
% ChangeÂ
 Trauma
$8.5Â
$6.7Â
$1.8Â ...
OrthoPediatrics (KIDS) posted 4Q17 revenue of US $11.7MM, +23.7% vs. 4Q16, and 2017 revenue of $45.6MM, +22.4% vs. 2016.
| 4Q17 | 4Q16 | $ Change | % Change | |
| Â Trauma | $8.5Â | $6.7Â | $1.8Â | 26.9%Â |
| Â Spine | $2.9Â | $2.4Â | $0.5Â | 20.8%Â |
| Â Arthroscopy/Soft Tissue Repair | $0.3Â | $0.3Â | -$0.1Â | -17.8%Â |
| Total | $11.7 | $9.4 | $2.2 | 23.7% |
| 2017 | 2016 | $ Change | % Change | |
| Â Trauma | $32.8Â | $26.9Â | $6.0Â | 22.2%Â |
| Â Spine | $11.6Â | $9.3Â | $2.3Â | 24.2%Â |
| Â Arthroscopy/Soft Tissue Repair | $1.2Â | $1.1Â | $0.1Â | 12.4%Â |
| Total | $45.6 | $37.3 | $8.4 | 22.4% |
KIDS now refers to its spine segment as Scoliosis, and ACL/Other as Sports Medicine/Other. (We will continue to use our general market segment terms.)
Growth was driven in part by a move from stocking distributors in select geographies to a sales agency model, which KIDS considers to be a core strength in U.S. sales. Overall, the company ended 2017 with a 75+ member dedicated rep salesforce.
Five products were launched in 2017, including a wrist fusion plate in 4Q. For 2018, new product launches will include a small stature Response scoliosis plate, small stature BandLoc polyester sublaminar banding system, an osteogenesis imperfecta nail, next-gen PediNail and a pediatric foot system. The annual investment in consigned sets will increase from $3.5MM to $10MM, this year. An active growing implant system and spinal tethering products are in development.
For 2018, leadership offered revenue guidance of +22% vs. 2017, which would be $55.7MM.
KIDS leadership indicates that scoliosis competition continues from DePuy Synthes and Medtronic, but claims to see very little in trauma and deformity.
Source: OrthoPediatrics Corp.
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JV
Julie Vetalice is ORTHOWORLD's Editorial Assistant. She has covered the orthopedic industry for over 20 years, having joined the company in 1999.
