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.

Kuros Enters New Extremities Markets

CollPlant Biotechnologies Announces $2.6M Private Placement 

The gross proceeds from the private placement, before fees are deducted, are expected to be approximately $2.6 million.

The credit consists of a $15 million growth capital term loan, a $30 million undrawn line of credit, and a $5 million accordion feature.

Shoulder Innovations Closes up to $50M Credit Facility

The credit consists of a $15 million growth capital term loan, a $30 million undrawn line of credit, and a $5 million accordion feature.

CollPlant Biotechnologies Announces $2.6M Private Placement 

The gross proceeds from the private placement, before fees are deducted, are expected to be approximately $2.6 million.

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Shoulder Innovations Closes up to $50M Credit Facility

The credit consists of a $15 million growth capital term loan, a $30 million undrawn line of credit, and a $5 million accordion feature.

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What We’re Watching in 2H 2026

Checking in on U.S. knee replacement, smaller form factor technology and the outlook for the trauma segment.

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Kinomatic Announces $4M Seed Round

Funding will accelerate the development of the company’s proprietary AI-enabled surgical planning and recovery optimization.

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VB Spine Partners on Predictive Blood Test for Scoliosis

The collab will fund the next phase research to advance the scoliosis diagnostic predictor test toward commercialization.

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Stryker Gaining Ground in OUS Hip Replacement Market

Our chart of the month looks at the ten-year sales history for OUS hip replacement among Zimmer Biomet, Stryker and DePuy Synthes.

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Materialise Invests in Replasia to Support Hip Preservation Innovation

The medtech startup is developing personalized, 3D-printed solutions and anatomical analysis software for hip preservation.

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Volatile International Markets Bring Challenges in Early 2026

Healthcare strikes, shifting market share opportunities and volume-based procurement have created a dynamic OUS market in 2026.

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Garland Surgical Closes €3.5M Seed Round

The company’s TriActiv Hip is designed to support a more natural range of motion and ultra‑low wear vs. ball‑and‑socket implants.

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Shoulder Innovations’ Growth Driven by Deepening Surgeon Base

The company grew nearly 65% in the first quarter of 2026 due to rapid surgeon onboarding and expanding product indications.

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SI-BONE Progresses Toward Durable Growth Engine

The company grew double-digits in the first quarter of 2026 thanks to its broadening procedural footprint and expanding commercial scale.

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Carlsmed’s Education and Outcomes Driving Volume Growth

The company grew more than 50% in the first quarter of 2026 as its personalized lumbar and cervical systems gain adoption.

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Treace Looks to Weather Storm in 2026 as Mix Shifts

The company’s sales declined more than 10% as its mix shifts away from Lapiplasty toward lower-cost MIS bunion systems.

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Smith+Nephew’s Segment Performance Shows Promising Trends

Our chart of the month looks at Smith+Nephew’s historical segment performance, with a focus on sports medicine and hip replacement.

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Globus’ Strong 1Q Brings New Approach for Technology

The company’s base business grew 13.2% in the first quarter of 2026, driven by continued strength in spine and resurgent enabling technology.

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