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.

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.

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DePuy Synthes Cites Innovation in Joint Replacement Growth

The company grew in the low single digits for the second quarter of 2024 but saw strong knee and hip sales growth.

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Loci Orthopaedics Closes €12.8 Million Series A Financing

The company’s InDx Implant is designed to treat thumb base joint arthritis.

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Orthopedic Funding on Pace to Accelerate in 2024

Through the first half of 2024, orthopedic investment activity is on pace for a rebound and one of its busiest years in nearly a decade.

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11 Orthopedic Startups Announce New Funding in 2Q24

Startups representing all orthopedic market segments secured new funding to conduct clinical trials and advance commercialization efforts.

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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.

,
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.

,
Viseon Completes New Investment Round

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

,
restor3d Closes $70 Million Financing

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

,
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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