Medtech: Orthopedics Leaders Watch Procedure Backlog, New Technologies in 2024

Orthopedics companies are preparing for a return to normal after a few tumultuous years influenced by the COVID-19 pandemic. Last year, the medtech industry benefited from a “huge backlog of patients and pent-up demand, particularly for knee and hip replacements,” said Ryan Zimmerman, an analyst with BTIG. The year also brought big spine mergers, including the $3.1 billion tie-up between Globus Medical and Nuvasive, as well as planned spinoffs in the sector. Going into 2024, orthopedics companies face questions about whether they expect the procedure backlog to continue, how they’re pricing equipment amid inflation and tight hospital budgets, and how new technologies will shape the market.

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Source: https://www.medtechdive.com/news/orthopedics-medtech-trends-procedures-robotic/705302

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