The 21 companies tracked in Exhibit 1 collectively grew +3.1% in 1Q18 vs. 1Q17, remaining on track alongside our estimates of +3.7% in orthopaedic industry growth for 2018 vs. 2017.
Numerous players affirmed or updated their own full-year revenue guidance at the 1Q mark. For example, Globus Medical increased its numbers based on adoption of ExcelsiusGPS, K2M grew its range by $3MM following a distributor partnership and Orthofix upped guidance by about $9MM in acquisition-related contributions. After the quarter’s close, Wright Medical announced FDA premarket approval for AUGMENT injectable bone graft, and will update its full-year guidance in the 2Q18 call.
Exhibit 1: Orthopaedic Sales for Public Companies, As-Reported: 1Q18 vs. 1Q17 ($MM)
Company | 1Q18 | 1Q17 | $ Chg | % Chg |
---|---|---|---|---|
Alphatec Spine | $21.3 | $28.0 | ($6.7) | (23.9%) |
Anika | $19.5 | $20.2 | ($0.7) | (3.6%) |
ConforMIS | $19.7 | $20.5 | ($0.8) | (3.9%) |
ConMed | $108.9 | $103.8 | $5.1 | 4.9% |
DePuy Synthes | $2,250.0 | $2,274.9 | ($24.9) | (1.1%) |
DJO Surgical | $292.6 | $288.3 | $4.3 | 1.5% |
Globus Medical | $174.4 | $155.8 | $18.6 | 11.9% |
Integra | $24.8 | $26.1 | ($1.2) | (4.8%) |
K2M | $67.9 | $61.9 | $6.0 | 9.6% |
Mazor Robotics | $15.5 | $11.7 | $3.8 | 32.5% |
Medtronic | $787.0 | $759.0 | $28.0 | 3.7% |
NuVasive | $260.5 | $249.0 | $11.6 | 4.6% |
Orthofix | $108.7 | $102.7 | $6.0 | 5.8% |
OrthoPediatrics | $12.1 | $9.8 | $2.3 | 23.9% |
SeaSpine | $33.2 | $31.9 | $1.3 | 4.1% |
Smith & Nephew | $865.4 | $826.9 | $38.5 | 4.7% |
Stryker | $1,724.9 | $1,612.3 | $112.6 | 7% |
Vericel | $12.1 | $5.0 | $7.1 | 142% |
Wright Medical | $198.5 | $177.2 | $21.3 | 12% |
Xtant Medical | $17.9 | $22.1 | ($4.1) | (18.8%) |
Zimmer Biomet | $1,856.6 | $1,816.9 | $39.7 | 2.2% |
Sources: Company press releases, websites, the U.S. Securities and Exchange Commission
Julie A. Vetalice is the Editorial Assistant for ORTHOWORLD. Reach her via email.
The 21 companies tracked in Exhibit 1 collectively grew +3.1% in 1Q18 vs. 1Q17, remaining on track alongside our estimates of +3.7% in orthopaedic industry growth for 2018 vs. 2017.
Numerous players affirmed or updated their own full-year revenue guidance at the 1Q mark. For example, Globus Medical increased its numbers based on adoption of...
The 21 companies tracked in Exhibit 1 collectively grew +3.1% in 1Q18 vs. 1Q17, remaining on track alongside our estimates of +3.7% in orthopaedic industry growth for 2018 vs. 2017.
Numerous players affirmed or updated their own full-year revenue guidance at the 1Q mark. For example, Globus Medical increased its numbers based on adoption of ExcelsiusGPS, K2M grew its range by $3MM following a distributor partnership and Orthofix upped guidance by about $9MM in acquisition-related contributions. After the quarter’s close, Wright Medical announced FDA premarket approval for AUGMENT injectable bone graft, and will update its full-year guidance in the 2Q18 call.
Exhibit 1: Orthopaedic Sales for Public Companies, As-Reported: 1Q18 vs. 1Q17 ($MM)
Company | 1Q18 | 1Q17 | $ Chg | % Chg |
---|---|---|---|---|
Alphatec Spine | $21.3 | $28.0 | ($6.7) | (23.9%) |
Anika | $19.5 | $20.2 | ($0.7) | (3.6%) |
ConforMIS | $19.7 | $20.5 | ($0.8) | (3.9%) |
ConMed | $108.9 | $103.8 | $5.1 | 4.9% |
DePuy Synthes | $2,250.0 | $2,274.9 | ($24.9) | (1.1%) |
DJO Surgical | $292.6 | $288.3 | $4.3 | 1.5% |
Globus Medical | $174.4 | $155.8 | $18.6 | 11.9% |
Integra | $24.8 | $26.1 | ($1.2) | (4.8%) |
K2M | $67.9 | $61.9 | $6.0 | 9.6% |
Mazor Robotics | $15.5 | $11.7 | $3.8 | 32.5% |
Medtronic | $787.0 | $759.0 | $28.0 | 3.7% |
NuVasive | $260.5 | $249.0 | $11.6 | 4.6% |
Orthofix | $108.7 | $102.7 | $6.0 | 5.8% |
OrthoPediatrics | $12.1 | $9.8 | $2.3 | 23.9% |
SeaSpine | $33.2 | $31.9 | $1.3 | 4.1% |
Smith & Nephew | $865.4 | $826.9 | $38.5 | 4.7% |
Stryker | $1,724.9 | $1,612.3 | $112.6 | 7% |
Vericel | $12.1 | $5.0 | $7.1 | 142% |
Wright Medical | $198.5 | $177.2 | $21.3 | 12% |
Xtant Medical | $17.9 | $22.1 | ($4.1) | (18.8%) |
Zimmer Biomet | $1,856.6 | $1,816.9 | $39.7 | 2.2% |
Sources: Company press releases, websites, the U.S. Securities and Exchange Commission
Julie A. Vetalice is the Editorial Assistant for ORTHOWORLD. Reach her via email.
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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.