The 10 largest orthopedic device companies in the world

Robot-assisted surgery continues to generate headlines in the orthopedics space. But there is so much more going on among the world’s largest orthopedic device companies.

10. ConMed – Orthopedic Surgery

2018 revenue: $446.7 million

ConMed (NSDQ:CNMD) saw its domestic orthopedics revenue grow 4.5% in 2018, and international orthopedics revenue increased 3.5% year-over-year. Orthopedic products generating excitement at the Utica, N.Y.–based company include its MicroFree cordless small-bone power system, CEO Todd Garner said during a January earnings call transcribed by Seeking Alpha.

The MicroFree cordless, battery-powered, pencil-grip instruments for small bone are meant to provide the freedom of cordless for ortho surgeons while still delivering the necessary power.

9. Orthofix Medical

2018 revenue: $453.0 million

Orthofix Medical stock (NSDQ:OFIX) fell by nearly a fifth in value in late February and early March after the Lewisville, Texas–based company failed to meet Wall Street analysts’ expectations for its fourth-quarter and 2018 sales.

The company had some good news this week, however. An Investigational Device Exemption device study of its M6-C artificial cervical disc showed a significant improvement in neck and arm pain, function and quality of life scores. The FDA used the study results in making its decision to approve the M6-C, which has been available in the E.U. and other countries since 2006.

8. Wright Medical

2018 revenue: $836.2 million

Wright Medical (NSDQ:WMGI) used the American Academy of Orthopaedic Surgeons (AAOS) show in Las Vegas last month to tout its Revive revision shoulder system. The Revive system includes specialized extraction instruments for implant removal and a unique humeral prosthesis for joint reconstruction. Amsterdam-based Wright plans a U.S. launch of Revive in first half of this year.

By  | MassDevice

Image Credit: Unsplash

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About Peter Coffaro 629 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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