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.

Mid-Tier Growth Companies Among Industry’s Best

Mid-tier growth companies Treace Medical, Paragon 28 and OrthoPediatrics are among the fastest-growing companies in orthopedics.

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Orthofix Well-Positioned for Sustainable Growth

The company grew in the mid-single digits, driven by its broad product portfolio and increasing U.S. market penetration.

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EpiBone Secures Funding to Support Expansion of Clinical Trials

This additional funding will propel EpiBone’s pipeline development of regenerative products for skeletal reconstruction.

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Enovis Builds Momentum After Integration Efforts

The company grew in the mid-single digits on a pro forma basis in the third quarter of 2024 as it shifted back to offense.

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Globus Turns In Complete Quarter at Merger 1-Year Mark

The company grew 63% on a reported basis in the third quarter of 2024 as it anniversaried its merger with NuVasive.

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OUS Sales a Strength for Knee Replacement in 2024

The largest joint replacement companies are averaging double-digit knee replacement sales growth outside the U.S. over the last two years.

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OSSIO Raises $27.6 Million in Funding

Proceeds will support patient access to metal-free OSSIOfiber surgical implants, which provide a fixation solution while leaving nothing permanent behind.

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Mid-Tier Growth Companies Maintain Torrid Pace in 2024

We examine the 2024 performance of three companies among the fastest-growing in orthopedics: Treace Medical, Paragon 28 and OrthoPediatrics.

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Paragon 28 Relies on Broad Portfolio to Offset Market Choppiness

The company grew in the high-teens in the third quarter of 2024, as its wide-ranging portfolio insulated it from market headwinds.

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Mid-Tier Growth Companies Among Industry’s Best

Mid-tier growth companies Treace Medical, Paragon 28 and OrthoPediatrics are among the fastest-growing companies in orthopedics.

,
Orthofix Well-Positioned for Sustainable Growth

The company grew in the mid-single digits, driven by its broad product portfolio and increasing U.S. market penetration.

,
EpiBone Secures Funding to Support Expansion of Clinical Trials

This additional funding will propel EpiBone’s pipeline development of regenerative products for skeletal reconstruction.

,
Enovis Builds Momentum After Integration Efforts

The company grew in the mid-single digits on a pro forma basis in the third quarter of 2024 as it shifted back to offense.

,
Globus Turns In Complete Quarter at Merger 1-Year Mark

The company grew 63% on a reported basis in the third quarter of 2024 as it anniversaried its merger with NuVasive.

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Smith+Nephew Structural Improvements Offset by China Headwinds

The company’s orthopedic sales grew in the mid-single digits but headwinds in China will have an ongoing impact into 2025.

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