OrthoPediatrics Corp
OrthoPediatrics Corp. is a U.S.-based medical device company focused on orthopedic products designed specifically for children. Its portfolio includes implants, surgical instruments, specialized braces, and orthotic and prosthetic clinic services used by pediatric orthopedic surgeons, orthotists, and related care providers in the United States and international markets.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueAnatomically appropriate implant systems and the instrument sets used in pediatric orthopedic procedures.
Custom and off-the-shelf pediatric braces, including scoliosis and growth-modulation products.
Clinic-based fitting and treatment services for children needing non-surgical orthopedic care.
Adjunct systems such as sports medicine, spine, and specialty procedure-specific products.
Products
Reported · share of revenue- Traumaand Deformity70.4 %
- Spine27.9 %
- Sports Medicine and Other1.7 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
The company sells primarily to pediatric orthopedic surgeons and the hospitals or medical facilities where they perform procedures. It also serves orthotists, physical therapists, and, in some cases, end customers directly through bracing and clinic-based care. Internationally, products are sold through distributors and sales agencies, while in selected markets the company uses direct sales to hospitals.
Buy implant systems, instruments, and procedure-specific tools for trauma, deformity, scoliosis, and sports medicine cases.
Host consigned implant and instrument sets and purchase products when used or shipped, depending on market structure.
Buy or fit bracing products and support non-surgical pediatric orthopedic treatment.
Receive custom braces and clinic services, especially through the company's O&P clinics.
Purchase or facilitate sales of implants and braces in overseas markets and manage local hospital relationships.
Strategy
The company is expanding its installed base of consigned implant and instrument sets to improve hospital coverage and increase procedure access. It is also broadening its pediatric orthopedic portfolio through research and development, product line extensions, and selective acquisitions, while extending its clinic network and international sales infrastructure.
Pediatric orthopedic procedures often require full implant sets on site before revenue can be realized.
A wider offering improves surgeon adoption and addresses more pediatric orthopedic conditions.
Local sales and warehouse presence improves service levels and market access outside the U.S.
Clinic services deepen the company’s role in non-surgical pediatric orthopedic care.
Geography
Q1/2026OrthoPediatrics is headquartered in Warsaw, Indiana and sells in the United States and more than 75 countries internationally. The company has direct sales programs in selected markets such as the UK, Ireland, Australia, New Zealand, Canada, Belgium, the Netherlands, Italy, Germany, Switzerland, and Austria, and it operates warehouses and local entities in Europe and Australia to support distribution. Its manufacturing footprint includes in-house bracing production in Iowa, the UK, and Boston, while most implants and instruments are produced in the United States through contract manufacturing.
Share of the revenue the company reports by geography.
Risks
The business depends on elective pediatric procedures, surgeon adoption, and hospital access, so disruptions in procedure volumes or reimbursement can affect demand. International operations add exposure to distributor credit risk, product returns, trade compliance, and foreign market execution, while the company’s inventory-heavy model requires careful management of consigned sets and working capital.
- Surgeon adoption and training riskImpact: HighLikelihood: Medium
Products require surgeon familiarity and proper technique; weak adoption can limit sales growth.
Exposure: All implant and instrument systems
- Regulatory and reimbursement riskImpact: HighLikelihood: Medium
Medicaid and other payer changes can affect reimbursement for pediatric orthopedic procedures.
Exposure: U.S. clinic and procedure reimbursement
- Elective surgery volume disruptionImpact: High
Most products are used in elective pediatric procedures, so hospital postponements reduce utilization.
Exposure - Inventory and consignment riskImpact: MediumLikelihood: Medium
The model requires substantial upfront investment in hospital consignment sets and inventory.
Exposure: Implants and instruments held on consignment
- International credit and return riskImpact: MediumLikelihood: Low
Overseas customers may return products and some distributors are thinly capitalized.
Exposure: Distributor-led international sales
Accounting
Judgemental itemsDifferent recognition points for implants, braces, and clinics affect quarter-to-quarter comparability.
Impact: Implants on consignment, shipped braces, and fitted clinic services
Clinic revenue is recorded net of expected reimbursement and later claim adjudication adjustments.
Impact: Reported revenue and accounts receivable
Inventory remains on the balance sheet until used in surgery, affecting working capital and cost timing.
Impact: Inventory, cost of revenue, and gross margin
Procedure volumes are higher in summer and holiday periods, affecting quarterly revenue patterns.
Impact: Revenue comparability across quarters
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Last updated: 24/09/2026