Four of the five major companies reported double-digit sales declines last year. Here is the breakdown of 2020 net sales by company:
1. Stryker: $14.4 billion (3.6 percent drop)
2. Johnson & Johnson orthopedics: $7.7 billion (12.2 percent drop)
3. Zimmer Biomet: $7 billion (12 percent drop)
4. Orthofix: $407 million (11.5 percent drop)
Smith+Nephew anticipates a 12 percent year-over-year sales drop in 2020. The company will release its annual financial report Feb. 18.
More articles on orthopedics:
11 spine device companies to watch in 2021
7 details on Zimmer Biomet’s plan to spin off spine, dental
NuVasive adds to its board of directors
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 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.
