WARSAW, Ind., Dec. 06, 2023 (GLOBE NEWSWIRE) — OrthoPediatrics Corp. (“OrthoPediatrics” or the “Firm”) (Nasdaq: KIDS), an organization targeted completely on advancing the sphere of pediatric orthopedics, introduced the launch of a brand new division, targeted on non-surgical intervention for pediatric orthopedics. The OrthoPediatrics Specialty Bracing division (“OPSB”) will function a flagship home of manufacturers and progressive merchandise that broaden the Firm’s Whole Addressable Market by roughly $600 million.
The Firm first entered the non-operative area via the acquisition of MD Orthopaedics, Inc. (MDO) in 2022, and their bracing product strains and the patented Mitchell Ponseti® Ankle-Foot Orthosis (AFO) system for the remedy of clubfoot. For the reason that transaction, the Firm has been aggressively constructing a portfolio of complementary merchandise to handle the massive unmet wants for specialty bracing throughout the pediatric orthopedic market. Earlier this yr, MDO acquired the belongings of Rhino Pediatric Orthopedic Designs, Inc., a San Diego primarily based firm based by two pediatric orthopedic surgeons. The Rhino™ “Kicker” and “Cruiser” braces had been designed for kids with Developmental Dysplasia of the hip.
Moreover, the Firm introduced the discharge of the DF2® Brace as a part of its enlargement within the non-surgical enterprise for treating children with musculoskeletal accidents. The DF2® Brace is meant for femur fracture fixation in pediatric sufferers from roughly 6 months to five years of age as a substitute of spica forged by offering immobilization of the femur, knee, and hip. Most not too long ago, the Firm introduced a brand new partnership with Montreal-based Ora Medical, to distribute The Levity, a gait-trainer machine designed for kids with strolling difficulties.
OrthoPediatrics’ President of Trauma & Deformity Correction, Joe Hauser may even lead the brand new non-operative enterprise, commenting, “We’re excited for the launch of the brand new OPSB division, and our continued enlargement into pediatric orthopedic non-surgical therapies for teenagers. This new addition advances our development technique of offering a broad product portfolio uniquely designed to deal with kids whereas surrounding pediatric orthopedic surgeons with essentially the most complete product providing available in the market.”
About OrthoPediatrics Corp.
Based in 2006, OrthoPediatrics is an orthopedic firm targeted completely on advancing the sphere of pediatric orthopedics. As such it has developed essentially the most complete product providing to the pediatric orthopedic market to enhance the lives of youngsters with orthopedic circumstances. OrthoPediatrics at present markets 53 merchandise that serve three of the biggest classes throughout the pediatric orthopedic market. This product providing spans trauma and deformity, scoliosis, and sports activities medication/different procedures. OrthoPediatrics’ world gross sales group is concentrated completely on pediatric orthopedics and distributes its merchandise in the USA and over 70 nations exterior the USA. For extra info, please go to www.orthopediatrics.com.
Philip Journey Taylor