Most companies have already published their nine months results (Q1+Q2+Q3). Which companies are growing in 2022?
What have we seen in Q1,Q2,Q3 2022?
- The spine leading companies (Medtronic, Johnson&Johnson, Nuvasive, Stryker, Globus Medical, Zimvie, Seaspine, and ATEC Spine) have grown by 1,5%.
- Of the leading companies, Medtronic, Nuvasive, Globus Medical, Seaspine, and ATEC are growing in 2022.
- Johnson&Johnson, Stryker and Zimvie have decreased in this period.
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/9-moths-2022.png)
Results:
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/q1q2q3chart-1024x572.png)
Medtronic
We estimate that Medtronic may have grown by 0,5% in this period according to the data provided by the company. Take into account the following issues:
- Spine sales data are always our estimates because the published results go together with Cranial.
- Medtronic data of the February-July period (Q4+Q1+Q2) is the one that corresponds to the January-June (Q1+Q2+Q3) of the rest of the companies.
Johnson&Johnson
In spine, we estimate a decrease of 2,1% based on the data included below:
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/jjq3q2q12022-1.png)
*Spine sales data are always our estimates since the published results go together with Sports&Others.
Nuvasive
In these nine months of 2022, NuVasive reported total net sales of $896.4 million, a 7.1% increase compared to $836.9 million in the prior year period. Total net sales were driven by further adoption of new products, higher procedural volumes in the U.S., and strong international performance.
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/nuva-q1q2q3-1.png)
Stryker
Stryker’s results in spine are slightly lower than last year. His sales in these nine months of 2022 have been 849 million (-2%). This fall has occurred mainly in international sales with a decrease of -8.5%.
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/q1q2q3-2022stryker-1-1024x332.png)
Globus Medical
Globus has reported sales of $748.6 million, which represents 5.7% compared to the first nine months of 2021. Spine’s business, with sales of 681.7 million, has grown by 4.9%, growing in the US and internationally. Enabling Technologies grew 19.1% to $66.6 million, driven by continued robotic system demand and new interest in our Excelsius3D™ imaging system.
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/globusq1q2q2.png)
ZimVie
Zimvie since his Zimmer spin-off, continues to decline in column sales. In these nine months of 2022, it has fallen by -17.6% with sales of $337.4 million.
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/zimvi3-q1-q2-q3-1024x483.png)
ATEC
ATEC Spine has grown so far this year, 29.4% reaching accumulated sales in 2022 of $244.9 million. In this period, ATEC has launched its first expandable interbody and Sigma Medialized access technology.
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/atec-2022q1q2a.png)
Seaspine
Seaspine with sales of $174.1 million in the first nine months of 2022, has grown by 28.2%. This growth is due, among other factors, to the full commercial launch of WaveForm® TA (TLIF Articulating) 3D-Printed interbody system and Mariner® MIS Wayfinder system. On October 11, Seaspine announced its 2023 merger with Orthofix.
![](https://thespinemarketgroup.com/wp-content/uploads/2022/12/SEASPINE-Q1Q2Q3.png)
Orthofix
Orthofix sales at Global Spine in the first three quarters of the year were 259.6, representing a -1.3% drop. On October 11, they announced their equal merger with Seaspine.