The Numbers

Orthopedic Market Report

Orthopedic Market Size and Share

Global orthopedic sales totaled $59 billion in 2023, an increase of 6.5% compared to 2022. Read our regularly updated analysis of the orthopedic market, including sales forecasts for all segments, company revenue and insight into key trends.

Stay up to date on the orthopedic market's 4Q performance in 2023 as we update this post with company sales data and industry developments.

Orthopedic Volume Trends Remained Strong in Fourth Quarter

Stay up to date on the orthopedic market’s 4Q performance in 2023 as we update this post with company sales data and industry developments.

While economic pressure slowed orthopedic funding in recent years, there is ample capital for enabling technology companies.

Orthopedic Funding Slows, Focuses on Digital

While economic pressure slowed orthopedic funding in recent years, there is ample capital for enabling technology companies.

Medartis’ Focus on Lower Extremities Drives Share Gains

The company grew in the mid-teens in 2023 with significant growth across product segments and most regions.

,
Bioventus Aligns Priorities Under New Leadership

The company turned in a strong fourth quarter to push 2023 orthopedic sales growth into the low-single-digits.

,
Medacta Drives Robust Growth Across Segments and Regions

The company grew in the high teens for 2023, driven by its personalized solutions and strength across geographic regions.

,
OrthoPediatrics Aims for 50% Trauma and Deformity Share

The company grew more than 20% in 2023 as it consistently wins share in its Trauma and Deformity business.

,
Motio[OV] to Develop 3D-Printed Implant to Treat 1st MTP Arthritis

The company will be funded to complete product development and an initial commercial launch of a functional MTP implant that reduces pain and preserves motion.

,
Carlsmed Raises Series C to Support aprevo

Proceeds will accelerate aprevo personalized lumbar and cervical patient-specific interbody fusion devices.

,
U.S. Market Key to Unlocking Orthofix’s Trauma Business

While Orthofix’s trauma business is growing slower than the market, it has an enormous opportunity in the U.S.

,
Orthopedic Volume Trends Remained Strong in Fourth Quarter

Stay up to date on the orthopedic market’s 4Q performance in 2023 as we update this post with company sales data and industry developments.

,
Anika Therapeutics to Refocus After Strategic Review

The company grew in the low double-digits in 2023 but a strategic review revealed Anika’s need to focus on the greatest growth opportunities.

,
Medartis’ Focus on Lower Extremities Drives Share Gains

The company grew in the mid-teens in 2023 with significant growth across product segments and most regions.

,
Bioventus Aligns Priorities Under New Leadership

The company turned in a strong fourth quarter to push 2023 orthopedic sales growth into the low-single-digits.

,
Medacta Drives Robust Growth Across Segments and Regions

The company grew in the high teens for 2023, driven by its personalized solutions and strength across geographic regions.

,
OrthoPediatrics Aims for 50% Trauma and Deformity Share

The company grew more than 20% in 2023 as it consistently wins share in its Trauma and Deformity business.

,
Motio[OV] to Develop 3D-Printed Implant to Treat 1st MTP Arthritis

The company will be funded to complete product development and an initial commercial launch of a functional MTP implant that reduces pain and preserves motion.

,
BONESUPPORT Doubled Its North American Sales in 2023

The company grew nearly 80% in 2023, with 104% growth in North America on the strength of CERAMENT G sales in the U.S.

,

Contact Us

0