Zimmer Holdings has reported net sales of $1.17 billion for the fourth quarter of 2011, a 2.9 percent increase over the same period last year, according to a company news release.
Full year net sales were reported as $4.45 billion, a 5.5 percent increase over 2010. The company's success can be attributed to above-market performance in European, Middle Eastern, African and Asian Pacific businesses, according to Zimmer President CEO David Dvorak. The American market remained flat, with reported net sales at $620 million.
During the fourth quarter, the company completed its acquisition of ExtraOrtho. The knee sales were flat at $475 but experienced a 4 percent decrease in the American market. Hip sales grew by 5 percent to $458 million, and spine sales saw a 6 percent increase to $56 million.
For the full year, the American market was also flat overall. The knee business had a 2 percent increase, but sales in the American market decreased 4 percent.
Related Articles on Orthopedic Devices:
DJO Net Sales Top $1B in 2011 Preliminary Report
Costs Mount for DePuy ASR Hip Recall Program as DePuy Sees US Sales Drop
Pioneer Surgical Opens Expanded North Carolina Manufacturing Facility
During the fourth quarter, the company completed its acquisition of ExtraOrtho. The knee sales were flat at $475 but experienced a 4 percent decrease in the American market. Hip sales grew by 5 percent to $458 million, and spine sales saw a 6 percent increase to $56 million.
For the full year, the American market was also flat overall. The knee business had a 2 percent increase, but sales in the American market decreased 4 percent.
Related Articles on Orthopedic Devices:
DJO Net Sales Top $1B in 2011 Preliminary Report
Costs Mount for DePuy ASR Hip Recall Program as DePuy Sees US Sales Drop
Pioneer Surgical Opens Expanded North Carolina Manufacturing Facility