
The fourth quarter reporting cycle started with a bang as two of the market’s top players made strategic moves: Stryker announced it will divest its spinal implant business while Zimmer Biomet reached an agreement to purchase Paragon 28. We’ll update the orthopedic sales data below as companies report fourth quarter results.
About the Data
The data below is based on reported sales from a subset of public orthopedic companies on a quarterly reporting schedule. These companies account for about two-thirds of the global market. I’m using this group as a proxy to measure quarterly market performance.
Orthopedic Market Data for Fourth Quarter 2024
Where applicable, company names for the current quarter are linked to a more detailed article containing highlights and segment and regional sales data.
Sales for consolidated half, nine months and full-year results are inclusive of all previously-reported data plus data from companies that have reported in the current quarter.
Segment Sales for Reporting Companies
Segment | 4Q24 | 4Q23 | $ Chg | % Chg |
---|---|---|---|---|
Joint Replacement | $2,339.4 | $2,161.5 | $177.8 | 8.2% |
Knees | $1,086.0 | $1,017.0 | $69.0 | 6.8% |
Hips | $879.4 | $810.9 | $68.5 | 8.4% |
Extremities | $373.9 | $333.6 | $40.4 | 12.1% |
Spine | $397.5 | $394.6 | $2.9 | 0.7% |
Trauma | $1,426.8 | $1,305.1 | $121.7 | 9.3% |
Sports Medicine | $516.6 | $477.0 | $39.6 | 8.3% |
Orthobiologics | $189.6 | $179.3 | $10.3 | 5.7% |
Enabling Technology | $164.1 | $152.1 | $12.0 | 7.9% |
Other | $428.5 | $423.7 | $4.8 | 1.1% |
Total | $5,462.4 | $5,093.3 | $369.1 | 7.2% |
Segment | FY24 | FY23 | $ Chg | % Chg |
---|---|---|---|---|
Joint Replacement | $14,770.7 | $13,966.5 | $804.2 | 5.8% |
Knees | $7,196.9 | $6,816.6 | $380.2 | 5.6% |
Hips | $5,495.3 | $5,252.4 | $242.9 | 4.6% |
Extremities | $2,078.6 | $1,897.5 | $181.1 | 9.5% |
Spine | $4,309.0 | $3,966.2 | $342.8 | 8.6% |
Trauma | $6,879.5 | $6,411.3 | $468.1 | 7.3% |
Sports Medicine | $3,554.0 | $3,349.7 | $204.4 | 6.1% |
Orthobiologics | $1,452.2 | $1,396.6 | $55.6 | 4% |
Enabling Technology | $796.4 | $785.0 | $11.4 | 1.4% |
Other | $2,437.0 | $2,394.9 | $42.1 | 1.8% |
Total | $34,198.8 | $32,270.2 | $1,928.5 | 6% |
Total Orthopedic Sales for Reporting Companies
Company | 4Q24 | 4Q23 | $ Chg | % Chg |
---|---|---|---|---|
J&J MedTech | $2,315.8 | $2,267.9 | $48.0 | 2.1% |
Stryker | $3,146.6 | $2,825.5 | $321.1 | 11.4% |
Company | FY24 | FY23 | $ Chg | % Chg |
---|---|---|---|---|
J&J MedTech | $9,158.0 | $8,941.6 | $216.4 | 2.4% |
Stryker | $10,907.3 | $10,020.5 | $886.8 | 8.9% |
Orthopedic Market Developments for Fourth Quarter 2024
Stryker Divests Spinal Implant Business
Stryker entered into a definitive agreement to sell its U.S. spinal implant business to Viscogliosi Brothers and create VB Spine. The agreement includes a binding offer to acquire Stryker’s spinal implant business in France.
Zimmer Biomet to Acquire Paragon 28
Zimmer Biomet entered into a definitive agreement to acquire all outstanding shares of common stock of Paragon 28 for $13.00/share in cash, for an equity value of approximately $1.1 billion and an enterprise value of approximately $1.2 billion.
The fourth quarter reporting cycle started with a bang as two of the market's top players made strategic moves: Stryker announced it will divest its spinal implant business while Zimmer Biomet reached an agreement to purchase Paragon 28. We'll update the orthopedic sales data below as companies report fourth quarter results.
About the Data...
The fourth quarter reporting cycle started with a bang as two of the market’s top players made strategic moves: Stryker announced it will divest its spinal implant business while Zimmer Biomet reached an agreement to purchase Paragon 28. We’ll update the orthopedic sales data below as companies report fourth quarter results.
About the Data
The data below is based on reported sales from a subset of public orthopedic companies on a quarterly reporting schedule. These companies account for about two-thirds of the global market. I’m using this group as a proxy to measure quarterly market performance.
Orthopedic Market Data for Fourth Quarter 2024
Where applicable, company names for the current quarter are linked to a more detailed article containing highlights and segment and regional sales data.
Sales for consolidated half, nine months and full-year results are inclusive of all previously-reported data plus data from companies that have reported in the current quarter.
Segment Sales for Reporting Companies
Segment | 4Q24 | 4Q23 | $ Chg | % Chg |
---|---|---|---|---|
Joint Replacement | $2,339.4 | $2,161.5 | $177.8 | 8.2% |
Knees | $1,086.0 | $1,017.0 | $69.0 | 6.8% |
Hips | $879.4 | $810.9 | $68.5 | 8.4% |
Extremities | $373.9 | $333.6 | $40.4 | 12.1% |
Spine | $397.5 | $394.6 | $2.9 | 0.7% |
Trauma | $1,426.8 | $1,305.1 | $121.7 | 9.3% |
Sports Medicine | $516.6 | $477.0 | $39.6 | 8.3% |
Orthobiologics | $189.6 | $179.3 | $10.3 | 5.7% |
Enabling Technology | $164.1 | $152.1 | $12.0 | 7.9% |
Other | $428.5 | $423.7 | $4.8 | 1.1% |
Total | $5,462.4 | $5,093.3 | $369.1 | 7.2% |
Segment | FY24 | FY23 | $ Chg | % Chg |
---|---|---|---|---|
Joint Replacement | $14,770.7 | $13,966.5 | $804.2 | 5.8% |
Knees | $7,196.9 | $6,816.6 | $380.2 | 5.6% |
Hips | $5,495.3 | $5,252.4 | $242.9 | 4.6% |
Extremities | $2,078.6 | $1,897.5 | $181.1 | 9.5% |
Spine | $4,309.0 | $3,966.2 | $342.8 | 8.6% |
Trauma | $6,879.5 | $6,411.3 | $468.1 | 7.3% |
Sports Medicine | $3,554.0 | $3,349.7 | $204.4 | 6.1% |
Orthobiologics | $1,452.2 | $1,396.6 | $55.6 | 4% |
Enabling Technology | $796.4 | $785.0 | $11.4 | 1.4% |
Other | $2,437.0 | $2,394.9 | $42.1 | 1.8% |
Total | $34,198.8 | $32,270.2 | $1,928.5 | 6% |
Total Orthopedic Sales for Reporting Companies
Company | 4Q24 | 4Q23 | $ Chg | % Chg |
---|---|---|---|---|
J&J MedTech | $2,315.8 | $2,267.9 | $48.0 | 2.1% |
Stryker | $3,146.6 | $2,825.5 | $321.1 | 11.4% |
Company | FY24 | FY23 | $ Chg | % Chg |
---|---|---|---|---|
J&J MedTech | $9,158.0 | $8,941.6 | $216.4 | 2.4% |
Stryker | $10,907.3 | $10,020.5 | $886.8 | 8.9% |
Orthopedic Market Developments for Fourth Quarter 2024
Stryker Divests Spinal Implant Business
Stryker entered into a definitive agreement to sell its U.S. spinal implant business to Viscogliosi Brothers and create VB Spine. The agreement includes a binding offer to acquire Stryker’s spinal implant business in France.
Zimmer Biomet to Acquire Paragon 28
Zimmer Biomet entered into a definitive agreement to acquire all outstanding shares of common stock of Paragon 28 for $13.00/share in cash, for an equity value of approximately $1.1 billion and an enterprise value of approximately $1.2 billion.
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ME
Mike Evers is a Senior Market Analyst and writer with over 15 years of experience in the medical industry, spanning cardiac rhythm management, ER coding and billing, and orthopedics. He joined ORTHOWORLD in 2018, where he provides market analysis and editorial coverage.