4 things to know about Johnson & Johnson’s Q3 report

Johnson & Johnson recently released its third quarter earnings report. Here are four things for orthopedic leaders to know:

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    1. Sales of medical devices for elective procedures like spine and knee surgery lagged behind other medical device segments, which the company partially attributed to procedural backlogs.

 

    1. Johnson & Johnson’s U.S. orthopedics sales declined 4.5 percent compared to the same period in 2020.

 

    1. Hip device sales grew 2.3 percent globally compared to last year, while knee devices grew 2 percent.

 

    1. After introducing 17 medical devices in the first half of 2021, Johnson & Johnson introduced the Inhance Shoulder System in Q3 on Aug. 13.

 

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