9. ConMed – Orthopedic Surgery
2020 revenue: $374.7M (–19.1%)
Headquarters: Largo, Fla.
ConMed’s orthopedic surgery business includes sports medicine instrumentation and small bone, large bone and specialty powered surgical instruments. The company also sells imaging systems used with minimally invasive surgical procedures.
Sales of the company’s ortho surgery products fell nearly a fifth in 2020 as hospitals and surgery centers deferred non-urgent surgeries — and reduced capital equipment buys — to better focus on the COVID-19 pandemic, according to ConMed’s most recent annual report. ConMed officials expect sales to grow this year, though the company’s general surgery business will likely rebound faster than ortho surgery.