Change in our beloved orthopedics industry is both relentless and accelerating.
For an individual working inside the industry to comprehend the magnitude of collective change year over year can be challenging.
Below is my attempt to share the collective changes that have transpired over the last few quarters.
I see 18 changes so far.
1/ Companies Eliminated by Consolidation. Not long ago, Nuvasive and Globus were separate companies and competitors. And Orthofix and SeaSpine were separate companies and competitors. No more. Also, a 78-year old global orthopedic company, Lima, was absorbed by Enovis. Lima is gone.
2/ Companies Eliminated by Performance. The list of companies below were recently doing well. Now they are gone or dying. There will be more to come.
Accelus - asset sale
Aesculap - shut down spine business
Avail MedSystems - asset sale
Bone Biologics - IPOed too early, market cap is $4M
Carevature – asset sale
Conformis – asset sale
Intellirod Spine (fka OrthoData Inc.) – asset sale
Lima TechMah Medical – cut US office
Novum (fka Bio2) – shut down
Stryker Knee Creations – division shut down
Stryker Spine - divested
Surgalign – asset sale
Titan Medical – asset sale...
