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.

Along with its third quarter earnings, J&J MedTech announced its intent to separate its orthopedics business into a standalone company.

J&J MedTech Reports 3Q, Announces Ortho Spin-off

Along with its third quarter earnings, J&J MedTech announced its intent to separate its orthopedics business into a standalone company.

The number of orthopedic investments continues to fall, but the total dollar amount available to companies has actually grown since 2020.

Orthopedic Funding Remains Strong Despite Slower Pace

The number of orthopedic investments continues to fall, but the total dollar amount available to companies has actually grown since 2020.

J&J MedTech Reports 3Q, Announces Ortho Spin-off

Along with its third quarter earnings, J&J MedTech announced its intent to separate its orthopedics business into a standalone company.

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Orthopedic Funding Remains Strong Despite Slower Pace

The number of orthopedic investments continues to fall, but the total dollar amount available to companies has actually grown since 2020.

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RevBio Receives Grant to Develop TETRANITE for Spine Fractures

RevBio receives a $2.2 million phase II NIH grant to further develop the minimally invasive use of TETRANITE to treat complex spine fractures.

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What We’re Watching in the Second Half of 2025

Five things we’re watching as the orthopedic market’s competitive landscape evolves and we move into the second half of 2025.

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Spineart Raises Funding in Support of Global Growth

This new funding will fuel Spineart’s next phase of profitable growth, enabling the company to advance its innovation pipeline and strengthen its global footprint.

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Spine M&A Ticks Up As Market Evolves

Our chart of the month tracks spine M&A activity over the last decade, including the seven deals done so far in 2025.

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3 Smaller Companies with Compelling Growth Opportunities

Aurora Spine, Carlsmed and Shoulder Innovations are innovative companies with exciting growth opportunities as the orthopedic market evolves.

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State of the Trauma Market 2025

A look at the current state of the foot and ankle market, the growth of core trauma and ways that smaller players are leveraging niche subsegments.

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Orthopedic IPO Window Cracks Open for First Time in Years

We look at the recent initial public offerings by Carlsmed and Shoulder Innovations, the first orthopedic IPOs in a number of years.

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restor3d Announces Strategic Investment Partner

Under the agreement, Partners Group will acquire a significant minority stake in restor3d and provide $65 million of new equity.

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ODI Secures Funding From Orlando Health Innovation Center

The funding will accelerate ODI’s development of a fully integrated imaging platform for orthopedic surgery.

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Medtronic Spine Share Protected by Tech Moat

The company’s spine business grew in the mid-single-digits and extended its lead in placing enabling technology systems.

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Anika Makes Progress in Refocusing Business on HA Expertise

The company’s orthopedic sales declined in the high-single digits in the second quarter of 2025, but saw strong growth in regenerative.

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Zimmer Biomet Seeks to Unlock U.S. Recon Performance

Our chart of the month tracks Zimmer Biomet’s U.S. knee replacement and hip replacement sales over the last decade.

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Treace Medical Hits Strategic Milestone for Portfolio

The company grew in the mid-single digits in the second quarter of 2025 and now has a full arsenal of bunion treatment systems.

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