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.

ABANZA Secures $5 Million in Pre-Series A Funding

Funds will accelerate the U.S. launch of ABANZA’s soft tissue fixation line, including the WasherCap and WasherCap Mini.

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Medtronic’s Winning Formula Driving Above Market Growth

The company drove mid-single-digit sales growth in the first quarter of its 2025 fiscal year driven by pull through from the AiBLE ecosystem.

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Treace Medical Broadens Presence in Bunion Market

The company grew in the mid-single digits during the second quarter of 2024 as it looks to expand its presence in the bunion market.

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Orthopedic Growth Rate Slows, Market Remains Robust

While orthopedic growth rates slowed in the first half of 2024, the market’s volume and demand remain healthy.

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SI-BONE Sees Strong Demand Across Markets, Raises Guidance

The company grew 20% in the second quarter of 2024 driven by an expanding portfolio and active surgeon base.

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Trauma Sales Remain Resilient Despite Choppy Market

The top players in the trauma space are growing in line with historical averages despite a choppy operating environment in recent years.

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3 Trends We’re Watching in a Changing Spine Market

Consolidation, enabling technology and implant breakthroughs are creating long term change in the spine market.

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Neo Medical Secures Equity Investment of $68 million

In part, funds will support enhanced capabilities of the AI-driven augmented reality intraoperative data platform, ADVISE.

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Busiest M&A Companies Focused on Digital Assets

The top ten most acquisitive orthopedic companies since 2016 are more focused on technology than the rest of the market.

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ABANZA Secures $5 Million in Pre-Series A Funding

Funds will accelerate the U.S. launch of ABANZA’s soft tissue fixation line, including the WasherCap and WasherCap Mini.

,
Medtronic’s Winning Formula Driving Above Market Growth

The company drove mid-single-digit sales growth in the first quarter of its 2025 fiscal year driven by pull through from the AiBLE ecosystem.

,
Treace Medical Broadens Presence in Bunion Market

The company grew in the mid-single digits during the second quarter of 2024 as it looks to expand its presence in the bunion market.

,
Orthopedic Growth Rate Slows, Market Remains Robust

While orthopedic growth rates slowed in the first half of 2024, the market’s volume and demand remain healthy.

,
SI-BONE Sees Strong Demand Across Markets, Raises Guidance

The company grew 20% in the second quarter of 2024 driven by an expanding portfolio and active surgeon base.

,
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.

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