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Chart of the Week General

Mergers and Sales Drive Device-company Revenue

Bouncing back from the pandemic, orthopaedic devices market expected to reach nearly $50 billion.

  • The orthopaedic devices market is expected to reach nearly $50 billion in 2023.
  • Two of the world's largest orthopaedic device companies (Stryker and Zimmer Biomet) expect growth this year.
  • 2023 net sales growth projection for Stryker is 9.5% to 10.5%, and Zimmer Biomet projects 6.5% to 7.0% revenue growth.
  • Recent mergers are growing companies' portfolios: Stryker acquired Gauss Surgical (2021), Orthofix and SeaSpine (2023), and Globus and NuVasive (2023).

Sources

Newmarker C. The 10 Largest Orthopedic Device Companies in the World. MassDevice. Accessed October 16, 2023.

GlobeNewswire. Globus Medical Completes Merger With NuVasive. Accessed October 16, 2023.

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