In the world of orthopaedics, spinal and sports medicine markets there are some industry giants that are leading the market with their innovative product portfolios. The market is dominated by DePuy Synthes (with a 36% market share) and Stryker (20%), but there are some other huge names in this list.
Who are they?
The big names come with big reputations in terms of both products and life at work. After speaking to one of DePuy Synthes’ Regional Sales Managers he stated that they ‘have a great foundation of innovating products and continually put the patient first’. Similarly, Arthrex also get consistently excellent Glassdoor reviews with an emphasis on their innovative, ‘amazing’ products.
- DePuy Synthes (Johnson & Johnson)
- DJO Global
- Globus Medical
- Smith & Nephew
- Wright Medical Group
- Zimmer Biomet
Ones to watch
There are some smaller organisations that are taking the market by storm. Ranging from 100 to 1000 employees across the UK (and in some cases, globally) these companies are constantly developing new products and attracting talent in the industry. They’re definitely some exciting companies to watch!
- Lima Orthopaedics
It’s all go in the market…
The big names are consistent when it comes to making waves in the orthopaedics market, both in terms of products and acquisitions. In the past few years there have been some shifts in the Orthopaedics world, with the acquisition of Zimmer and Biomet in 2014 making the powerhouse we know today, and Stryker’s acquisition of numerous smaller companies such as MACO Surgical.
Some smaller companies are also doing big things! There’s been a huge talent drive recently, with companies like Orthofix expanding their presence and brand across the globe. In April of this year they completed their acquisition of Spinal Kinetics and are predicting excellent financial results for 2018.
OrthoD were acquired by Apposite Capital, a private healthequity firm, in March this year. They have stated that OrthoD’s speciality in manufacturing and distribution of joint replacement, sports medicine and surgical products have great potential upon the increase of their export channels.
Orthopaedics is certainly an interesting market to operate in, and one that shows no sign of slowing down. The smaller companies are showing that they’re on the rise and will happily compete against the industry giants.
Interested in Orthopaedics?
To find out more about the market, read my previous blog here!
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