Arthrex, Inc., Johnson & Johnson Services, Inc., CONMED Corporation, Zimmer Biomet Holdings, Inc., Medtronic plc, Stryker Corporation, and Smith & Nephew plc, among others, are the major players in the global orthopaedic implants market.
The global orthopaedic implants market reached a value of about USD 55.8 billion in 2020. The industry is further expected to grow at a CAGR of about 5% in the forecast period of 2021-2026 to reach a value of around USD 75 billion by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by the growing geriatric population and the growing technological innovation in orthopaedic implants and musculoskeletal disorders.
The market is being positively driven by certain factors such as surging cases of osteoporosis, osteoarthritis, and obesity due to lack of exercise, increase in mean age and growing proportion of anatomic injuries globally. Furthermore, biodegradable implants and internal fixation devices for different anatomical sites are fuelling market growth. In addition, the expansion of medical and pharmaceutical industries, increasing buying power, and the presence of joint and knee problems in the Asia Pacific region are aiding the orthopaedic implants market.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global orthopaedic implants market include Arthrex, Inc. and Johnson & Johnson Services, Inc (NYSE: JNJ). Johnson & Johnson Services, Inc. in 2018 acquired Emerging Implant Technologies, a German 3-D printed spinal implant maker, for an undisclosed amount. The acquisition bolsters its interbody implants line, which includes expandable interbody devices and titanium integrated PEEK technology. Arthrex, Inc., in 2017, invested over USD 69 million in a new manufacturing facility in Anderson County, United States, for producing orthopaedic devices and implants at the facility.
Headquarters: Florida, United States of America
Arthrex, Inc. is a global therapeutic device company providing medical products and educational services for orthopaedic surgeons. The company offers more than 1,000 products and procedures annually in areas of knee arthroscopy, shoulder arthroscopy, hip arthroscopy, foot and ankle, hand and wrist, and develops surgical solutions, engineered products, and educational services. It has regional head offices in Munich, Germany, and Singapore and several subsidiaries and distribution centres worldwide.
Headquarters: New Jersey, United States of America
Johnson & Johnson Services Inc is a subsidiary of Johnson & Johnson. The company operates in more than 60 countries. It provides consumer healthcare products for hygiene, baby care, facial skin care, beauty, wound care, cough and cold, oral care, and over-the-counter products. With over 130,000 employees, the company generated annual revenue of USD 82.584 billion in 2020.
Headquarters: Florida, United States of America
CONMED Corporation is an American medical technology company that provides orthopaedic products. The company specialises in providing advanced medical technologies for orthopaedic surgery, laparoscopic, robotic, open surgery, gastroenterology, pulmonology, and patient care. CONMED Corporation generated annual revenue of USD 862 million in 2020 with a workforce of 3,400 employees globally.
Headquarters: Indiana, United States of America
Zimmer Biomet Holdings, Inc. is a US-based company that designs, manufactures and markets medical equipment for orthopaedic, dental, and spinal reconstructive implants and other related surgical products. The company operates in over 25 countries, provides services in about 100 countries and offers solutions to healthcare professionals for treating injuries and disorders to bone, joints and soft tissues. It generated net sales of USD 7.025 billion in 2020.
Headquarters: Dublin, Ireland
Medtronic plc is an American Irish multinational company engaged in providing medical technology and services. The company provides its medical devices and technologies such as cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, and patient monitoring systems to hospitals, physicians, clinicians, and patients in more than 150 countries. Medtronic plc owns about 76 manufacturing and 21 lab and research development sites employing more than 90,000 people. The company generated total revenue of USD 30.6 billion in 2020.
Headquarters: Michigan, United States of America
Stryker Corporation is a US-based multinational company and a global leader in medical technology. The company provides orthopaedics, neurotechnology and spine, medical and surgical specialities to improve healthcare and hospital services. It owns more than 8,883 patents, employs over 40,000 people as of 2019. The company earned USD 14.9 billion in 2019. The products are sold in about 100 countries worldwide.
Headquarters: London, United Kingdom
Smith & Nephew plc is a British multinational company engaged in developing, manufacturing, and selling medical equipment. The company is a manufacturer of orthopaedic reconstruction products, advanced wound management products, trauma and clinical therapy products, and arthroscopy products. It generated a revenue of USD 4,560 million in 2020.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.