OrthoPediatrics’ devices helped approximately 82,000 kids in 2023, bringing its total to 710,000 since its inception, according to a March 6 press release.
The company’s total annual revenue for 2023 was a record, according to the release.
Its fourth-quarter revenue was also up 21% from the year prior, reaching $37.6 million.
The company launched eight new products in 2023, including the Response scoliosis brace and a pediatric nailing platform.
The company also acquired Boston Orthotics & Prosthetics, expanding its specialty bracing division.
OrthoPediatrics expects to see revenue between $197 million and $200 million in 2024, a growth of 32% to 34%.
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.
