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Mike Evers, ORTHOWORLD’s Senior Market Analyst, recapped 2024 by noting that the orthopedic market overperformed its historical growth rate in the third quarter and emerging tailwinds could keep the overall industry growth rate elevated compared to its historical averages. Evers believes the largest players will thrive in the international market and estimates worldwide orthopedic sales will reach $64.5 billion by the end of the year.
The joint replacement segment continues to be a sure bet for orthopedic companies and enabling technology is evolving with a focus on making robotic guidance and navigation more affordable and accessible as more cases move to ASCs. Disc replacement and motion preservation represent significant growth opportunities in spine and the regenerative medicine space is enticing investors and R&D experts.
We’re excited to see what the new year brings for orthopedics and the industry’s players who will shape what’s next in pushing technological advancements and patient care forward.
Infographic proudly sponsored by Orchid Orthopedic Solutions.
