The 10 largest orthopedic device companies in the world

April 5, 2019 Medical Devices, Medical Technology, Orthopedics, Rankings

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 Chris Newmarker | MassDevice

Image Credit: Unsplash

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About Peter Coffaro 506 Articles

Peter Coffaro is a growth-driven and strategic executive with over 25 years of progressive management success in the medical device industry. With a proven track record and recognized expertise, Peter has established himself as one of the top influencers in medical sales, as acknowledged by prestigious publications such as the World Journal of Orthopedics, Exponential Healthtech, and MedReps.com. Throughout his career, Peter has accumulated 10 years of combined sales management experience, excelling in various roles including Director, General Manager, Distributor, and Vice President. He has worked for industry-leading orthopedic companies such as Zimmer, DePuy, and Stryker, solidifying his deep knowledge and network within the field. Peter’s passion for innovation and emerging technologies led him to found OrthoFeed, an award-winning blog covering digital orthopedic news and emerging medical technologies. Through this platform, he stays at the forefront of the industry and contributes to the dissemination of valuable insights. Peter is a three-time Hall of Fame award winner at Johnson and Johnson, demonstrating his exceptional contributions and impact on the organization. His expertise extends to areas such as organizational development, business development, sales management, digital marketing, and professional education. Peter earned a B.S. degree in Biology and Chemistry from Northern Illinois University, further complementing his comprehensive understanding of the medical field. With his wealth of experience, strategic mindset, and dedication to advancing healthcare, Peter Coffaro is a valuable asset and leader in the medical device industry.