OrthoPediatrics has announced a revenue of $148.7 million in 2023, up 22% from the year prior.
OrthoPediatrics' devices helped approximately 82,000 kids in 2023, bringing its total to 710,000 since its inception, according to a March 6 press release.
The company's total annual revenue for 2023 was a record, according to the release.
Its fourth-quarter revenue was also up 21% from the year prior, reaching $37.6 million.
The company launched eight new products in 2023, including the Response scoliosis brace and a pediatric nailing platform.
The company also acquired Boston Orthotics & Prosthetics, expanding its specialty bracing division.
OrthoPediatrics expects to see revenue between $197 million and $200 million in 2024, a growth of 32% to 34%.