KIDS | Market Cap: $532.2M (07/13/26)
Industry:
Healthcare Equipment, Supplies, & Technology Healthcare Providers & Services

DESCRIPTION

OrthoPediatrics is a medical device company focused exclusively on pediatric orthopedics. The company designs, develops, and sells implants, instruments, and specialty bracing products built for children's skeletal anatomy — which differs meaningfully from adults and historically forced pediatric surgeons to repurpose adult implants. OrthoPediatrics sells to pediatric orthopedic surgeons at children's hospitals through a direct and independent rep sales force in the U.S., and through stocking distributors and agencies across 75+ countries internationally. The company operates across three product categories: Trauma & Deformity (~70% of revenue), covering plates, screws, nails, external fixation, and bracing for fractures and bone deformities; Scoliosis (~28%), covering spinal fusion implants, non-fusion correction systems, and specialty scoliosis bracing; and Sports Medicine (~2%). OrthoPediatrics also operates and is expanding a network of 40+ orthotic and prosthetic clinics that deliver non-surgical bracing and prosthetics directly to pediatric patients, billing insurance for clinical services. On the implant side, OrthoPediatrics uses a consignment model — instrument sets are deployed to hospitals at no upfront cost, and revenue is recognized when a surgeon uses an implant in a procedure, generating recurring, procedure-based revenue with domestic gross margins around 85%. The company is investing in a multi-year product launch cycle and expanding its clinic network, while also targeting international growth and adjacencies in other pediatric subspecialties.

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