Orthopedic market share projections: Top 5 companies in 2024

Written by Laura Dyrda | September 03, 2019 | Print  |

Statista released a report projecting the top companies that will have the most orthopedic medical technology market share in 2024. 

 

The top five companies include:

1. Johnson & Johnson: 21.8 percent
2. Zimmer Biomet: 18.8 percent
3. Stryker: 18 percent
4. Medtronic: 8 percent
5. Arthrex: 6 percent

Statista also calculated market share for 2017 and found that three of the top five companies — Johnson & Johnson, Zimmer Biomet and Medtronic — are expected to lose market share during the seven-year period examined. Stryker is expected to gain 1.7 percent market share.

Stryker acquired K2M last year, improving its spine business line. Medtronic has also made key acquisitions since the report was last updated in October 2018, including the purchase of Titan Spine for an undisclosed sum in June. Titan Spine is a surface technology company focused on minimally invasive spine devices.

More articles on orthopedic devices:
4 orthopedic, spine device company launches, releases
16 spine devices receive FDA 510(k) clearance in July
Aurora Spine posts $3.2M in Q2 revenue

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