4 medtech notes: Alphatec, Smith+Nephew and more

Here are four key developments from spine and orthopedic devicemakers since Feb. 21.

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1. Alphatec posted full year revenue of $482 million, up 37% from 2022. 

2. Medtech company Smith+Nephew surpassed $5 billion in 2023 revenue. Fourth-quarter revenue was $1.46 billion in 2023, a 6.8% increase year over year. Full-year revenue also increased in 2023, reaching $5.55 billion after recording $5.22 billion in 2022.

3. Spine devicemaker SI-Bone saw $138.9 million in revenue in 2023. Full-year sales rose 31% compared to 2022, and fourth quarter sales of $38.9 million represent a 22% year-over-year increase.

4. Aclarion, a company focused on spine pain diagnostics, listed a $3 million public offering. 

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

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