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.

Stay up to date on the orthopedic market's 2Q performance in 2024 as we update this post with company sales data and industry developments.

Orthopedic Companies Report Results for Second Quarter 2024

Stay up to date on the orthopedic market’s 2Q performance in 2024 as we update this post with company sales data and industry developments.

The U.S. remains the world's largest orthopedic market by revenue, but companies see significant opportunities for international growth.

Top Orthopedic Companies See Significant International Opportunities

The U.S. remains the world’s largest orthopedic market by revenue, but companies see significant opportunities for international growth.

Biocomposites Partners to Drive Growth

Additional investment and resources will accelerate Biocomposites’ international expansion and innovation in products for use in infection management.

,
Enovis Completes Transformational Year; Hits $1 Billion in Recon

The company grew in the high single digits in 2024 as it made significant progress integrating its Lima acquisition.

,
ATEC Positioned for Another Big Leap in 2025

The company grew nearly 27% in 2024 as its technology and procedural approach continued to compel surgeon adoption in the spine market.

,
Orthofix Medical to Focus on Most Profitable Opportunities

The company grew in the high single digits in 2024 and made moves to prioritize its most profitable growth opportunities in 2025.

,
Smith+Nephew Improves, Faces Mounting Headwinds in China

The company’s 12-Point Plan is producing results, but China will remain a major drag on sales and profitability in 2025.

,
Eventum Orthopaedics Raises £3.8 Million

Eventum provides the QuadSense device that helps surgeons precisely cut and place the kneecap in total knee replacements.

,
Tetrous Closes $6.5 Million Series A

Proceeds will be used to increase the company’s market penetration and develop further clinical data in support of the EnFix family of allograft products.

,
Shoulder Innovations Closes $40 Million Series E Financing

Funds will support commercialization of the InSet Total Shoulder and Reverse systems and new product development.

,
Digital and Obio Assets in Greater Demand for M&A

Over the last four years, spine M&A volume declined significantly while digital and orthobiologic assets saw increased activity.

,
Biocomposites Partners to Drive Growth

Additional investment and resources will accelerate Biocomposites’ international expansion and innovation in products for use in infection management.

,
Enovis Completes Transformational Year; Hits $1 Billion in Recon

The company grew in the high single digits in 2024 as it made significant progress integrating its Lima acquisition.

,
ATEC Positioned for Another Big Leap in 2025

The company grew nearly 27% in 2024 as its technology and procedural approach continued to compel surgeon adoption in the spine market.

,
Orthofix Medical to Focus on Most Profitable Opportunities

The company grew in the high single digits in 2024 and made moves to prioritize its most profitable growth opportunities in 2025.

,
Smith+Nephew Improves, Faces Mounting Headwinds in China

The company’s 12-Point Plan is producing results, but China will remain a major drag on sales and profitability in 2025.

,
Enabling Technology Creates a New Basis for Competition

Enabling technology is disrupting the competitive dynamics of the biggest orthopedic markets like joint replacement and spine.

,

Contact Us

0