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 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.