Rather than shutdown M&A activity in the orthopedic space, COVID-19 accelerated the pace of tuck-in acquisitions as cash-rich companies entered adjacent segments and added novel technologies.
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Despite headwinds and operational challenges from the pandemic, 2020 brought the most M&A transactions since 2016.
The spine market is by far the most active area of M&A in orthopedics. Since 2016, spine transactions are almost double the nearest segment.