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.

According to our estimates, just under 50 companies accounted for more than 85% of all orthopedic revenue in 2023.

Orthopedics’ Top Tier to Expand in 2024

According to our estimates, just under 50 companies accounted for more than 85% of all orthopedic revenue in 2023.

Funding announcements came from familiar names and supported well-backed markets like spine and enabling technology.

10 Orthopedic Companies Close New Funding Rounds in 1Q24

Funding announcements came from familiar names and supported well-backed markets like spine and enabling technology.

5 Takeaways from the 2024 ORTHOPAEDIC INDUSTRY ANNUAL REPORT

Get the latest orthopedic market sales data and analysis from the 2024 edition of THE ORTHPAEDIC INDUSTRY ANNUAL REPORT.

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Medtronic’s Winning Formula in Spine

The company leveraged it’s differentiated and broad enabling technology ecosystem to drive implant and biologics sales growth.

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ReVivo Medical Raises Further Funds to Supprt Clinical Trial

Study participants receive ReVivo Medical’s anterior cervical plate and interbody cages used in 2-level ACDF.

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Smith+Nephew’s US Performance Lagging Peers

The company grew in the low-single-digits in the first quarter of 2024 as supply and commercial struggles in the U.S. offset other growth.

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Theradaptive Secures Funding to Support Human Clinical Trials

Funds from the Maryland Stem Cell Research Fund will support human clinical trials for OsteoAdapt SP in transforaminal lumbar interbody spinal fusion.

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Osteal Therapeutics Closes $50 Million Series D Financing

Proceeds will support NDA submission and commercial launch of VT-X7, a 7-day treatment for periprosthetic joint infection.

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Are Smaller Spine Companies at Risk in a Changing Landscape?

The increasing importance of technology ecosystems in the spine market could mean that a large population of smaller companies are at risk.

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Viseon Completes New Investment Round

Funds will support further 4K-ADV product development and market expansion for digitization of open and minimally invasive surgery.

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restor3d Closes $70 Million Financing

Among other endeavors, restor3d will introduce new patient-specific implant systems for total ankle and shoulder replacement.

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5 Takeaways from the 2024 ORTHOPAEDIC INDUSTRY ANNUAL REPORT

Get the latest orthopedic market sales data and analysis from the 2024 edition of THE ORTHPAEDIC INDUSTRY ANNUAL REPORT.

,
Medtronic’s Winning Formula in Spine

The company leveraged it’s differentiated and broad enabling technology ecosystem to drive implant and biologics sales growth.

,
ReVivo Medical Raises Further Funds to Supprt Clinical Trial

Study participants receive ReVivo Medical’s anterior cervical plate and interbody cages used in 2-level ACDF.

,
Smith+Nephew’s US Performance Lagging Peers

The company grew in the low-single-digits in the first quarter of 2024 as supply and commercial struggles in the U.S. offset other growth.

,
Theradaptive Secures Funding to Support Human Clinical Trials

Funds from the Maryland Stem Cell Research Fund will support human clinical trials for OsteoAdapt SP in transforaminal lumbar interbody spinal fusion.

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Orthopedic Companies Report Results for First Quarter 2024

Stay up to date on the orthopedic market’s 1Q performance in 2024 as we update this post with company sales data and industry developments.

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