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.

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.

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Carlsmed Raises Series C to Support aprevo

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

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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.

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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.

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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.

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CONMED 1Q Performance Better Than Numbers Indicate

The company’s orthopedic sales grew in the low single digits for 1Q24, but CONMED faced outsized comparisons and lingering supply issues.

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DePuy Synthes Sees Better Execution and Margins in First Quarter

The company grew in the mid-single-digits for 1Q24 but was aided by an unusually robust joint replacement market and one-time revenue items.

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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.

,
Miach Orthopaedics Raises $20 Million in Series B Extension

Funds will support commercial expansion and clinical activities for the Bridge-Enhanced ACL Restoration (BEAR) Implant.

,
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.

,
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.

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