The Numbers

Orthopedic Market Report

Orthopedic Market Size and Share

Global orthopedic sales totaled $62 billion in 2024, an increase of 5% compared to 2023. Read our regularly updated analysis of the orthopedic market, including sales forecasts for all segments, company revenue and insight into key trends.

Osteotec Partners with Highridge Medical

Mid-Tier Spine Companies Driving Above Market Growth

Despite the top-heaviness of the spine market, three mid-tier spine players are growing at an impressive rate.

NanoHive Medical Sublicenses DirectSync’s Piezoelectric Patents to Explore Development of Hive Soft Titanium Spinal Interbody Smart Implant

NanoHive Medical Sublicenses DirectSync’s Piezoelectric Patents

NanoHive is exploring the development of a Hive™ Soft Titanium® Spinal Interbody “Smart Implant” with data collection and bone stimulation capability.

Mid-Tier Spine Companies Driving Above Market Growth

Despite the top-heaviness of the spine market, three mid-tier spine players are growing at an impressive rate.

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HyperFlex Medical Secures $1.4 Million Investment

HyperFlex Bunion Correction realigns and stabilizes the 1st and 2nd metatarsals using a flexible implant, eliminating the need for bone cutting or fusion.

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Three Mid-Tier Companies with Above-Market Growth

Current position, sales performance and recent developments for Treace Medical, Xtant Medical and BONESUPPORT.

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See All AI Raises Funds for AI-based Visualization and Navigation

The platform transforms 2D C-arm fluoroscopic X-rays into navigable 3D volumes with 1mm cross-sectional slices, eliminating pre-operative CTs, MRIs, other scans or additional intraoperative imaging systems.

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Accelus Secures New Growth Financing

The capital will support Accelus’s continued commercial growth and further development of its differentiated spinal implant technologies.

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Surgify Medical Raises €7 Million for Bone Cutting Technology

Surgify Halo cuts bone while providing protective capabilities against incidental injuries to soft tissues.

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Medtronic Cites Technology as Key Differentiator in Spine

The company grew in the mid-single-digits during its fiscal 2025 on the strength of its differentiated enabling technology.

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Strategic Importance of International Markets Growing in Orthopedics

A look at the opportunities and issues facing three orthopedic market regions: Europe, China and Latin America.

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Takeaways from the 2025 ORTHOPAEDIC INDUSTRY ANNUAL REPORT®

A primer on normalizing procedure demand, the changing basis of competition, shifting M&A trends and current international opportunities. 

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Enovis’ Robust Global Footprint Drives Double-Digit Growth

The company grew in the low double digits in 1Q25 on the strength of new product introductions and robust international sales.

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Orthopedic Funding Off to Slower Start in 2025

Through the first four months of the year, orthopedic funding is off to its slowest start in the last decade.

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Vericel Opening New Opportunities with MACI Arthro

The company grew in the mid-teens and could see even greater demand with MACI Arthro’s use for trochlea defects.

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Insight Surgery Raises $2.5 Million Investment

Insight’s EmbedMed platform digitizes the surgical planning process and allows for rapid design and manufacture of patient-specific guides for orthopedic surgery.

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Anika Drives Significant Growth in Commercial Channel

The company’s orthopedic sales declined about 10% in the first quarter of 2025, but its commercial channel showed ample promise.

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Treace Medical Set Up for Big Second Half in 2025

The company grew in the low single digits for the first quarter of 2025 and expects accelerating growth through the year.

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