The Numbers

Orthopedic Market Report

Orthopedic Market Size and Share

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 3Q performance in 2023 as we update this post with company sales data and industry developments.

Orthopedic Market Faces Stiffer Test in Third Quarter 2023

Stay up to date on the orthopedic market’s 3Q performance in 2023 as we update this post with company sales data and industry developments.

Commercial scale, emerging segments and digital technology are driving growth in some of the market's best-performing companies.

What’s Fueling Orthopedics’ Fastest Growing Companies?

Commercial scale, emerging segments and digital technology are driving growth in some of the market’s best-performing companies.

Vericel Extends Growth Streak, Preps for Arthroscopic MACI

The company notched its fifth consecutive quarter with more than 20% growth and is on track for arthroscopic MACI delivery in 1H24.

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Orthofix Fundamentals and Merger Thesis Remain Intact

The company grew 61% as-reported in the third quarter of 2023, or 1.2% on a pro forma basis including prior year SeaSpine sales.

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Paragon 28 Delivers Strong Performance Despite Supply Pinch

The company grew in the mid-teens during the third quarter of 2022, driven by sales force and active surgeon base growth.

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Treace Medical Surprised by 3Q Seasonality

The company grew more than 23% in 3Q23 but ultimately reduced its guidance because of higher-than-expected seasonality during the summer.

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Bioventus OA Pain Business Returns to Growth Ahead of Schedule

The company grew in the low single digits in the third quarter of 2023 as its OA pain sales volume offset price declines.

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Zimmer Biomet Confident in Sustained Growth Momentum

The company grew in the mid-single-digits in the third quarter of 2023, driven by knee replacement and its SET product category.

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Globus Medical Encouraged by Early Integration Efforts

The company grew more than 50% in the third quarter of 2023 as it benefit from continued share growth and a month of NuVasive sales.

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ATEC Prepared to Leverage Unique Opportunity

The company grew more than 40% in the third quarter of 2023 as it procedural solutions continue winning significant market share.

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SI-BONE Maintains Record Revenue Pace

The company grew nearly 29% in the third quarter of 2023, notching its sixth consecutive quarter of record revenues.

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Smith+Nephew Finally Taps Into Market Upside

The company grew in the high-single-digits in the third quarter of 2023, driven by market recovery and improving operational performance.

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Anika Therapeutics Ready to Build on 2023 Milestones

The company grew in the mid-single-digits for the third quarter of 2023, driven by new products and better-than-expected orthobiologics sales.

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Stryker’s Model Drives Best-in-Class Performance

The company grew in the high-single-digits in the third quarter of 2023, driven by new products and robotic procedures.

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ZimVie’s Flagship Products Take Root Internationally

The company’s 3Q23 orthopedic sales declined by nearly 10% due to continued competitive pressure and an exit from the Chinese market.

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X-Bolt Orthopaedics Secures Additional Funding

X-Bolt Orthopaedics raised $3.5 million and seeks to raise up to $1 million more before the end of the year as it seeks to scale in the U.S.

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CONMED Diversification Brings Newfound Strength

CONMED reported 3Q23 orthopedic sales of $124.7 million, +5.1% compared to the third quarter of 2022. For the first nine…

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