2022 Revenues ($USD) : $719,000,000
2022 R&D spend : $31,735,000
2022 Number of Employees : 3,761
Fiscal Year End : 12/31/2021
Company CEO : Sveinn Sölvason, president and CEO

Reykjavík, Iceland–based Össur was founded in 1971 by inventor Össur Kristinsson. Össur specializes in developing orthopedics such as bracing and support products, compression therapy and prosthetics.

In February, Össur launched a new Power Knee microprocessor prosthetic knee system. The “smart” Power Knee prosthesis has advanced algorithms for detecting human movement patterns. It learns and adapts to the wearer’s speed and cadence in real time. While traditional prosthetics can cause wearers to expend more energy than people with intact limbs, the Power Knee lowers the energy cost of walking compared to normal microprocessor knees. It is also designed to improve symmetry in walking, standing up and ascending and descending stairs.

In August, the company acquired Naked Prosthetics and its products for finger and partial hand amputees. –BB