NEW YORK, April 30, 2015 /PRNewswire/ -- Kalorama Information said that four companies, including DePuy Synthes, Stryker, Zimmer and Medtronic, lead the Orthopedic Device Market. These four device firms captured approximately 70.4% of total revenues for 2014 for the global orthopedic device market. The healthcare market research publisher made its finding in its new report, Global Orthopedic Device Market (Hip, Knee, Spine, Extremities and Trauma Devices). The report is available: http://www.kaloramainformation.com/redirect.asp?progid=87379&productid=8757580. Kalorama said that despite the large player presence, there are a good number of significant competitors in orthopedics.
"Despite market domination from a few firms, there is still thirty percent of the market with at least a dozen competitors," said Bruce Carlson, Publisher of Kalorama Information.
Leading the orthopedic device market in 2014 was DePuy Synthes with 29.4% of the orthopedic device market. The company offers a wide variety of products for orthopedic use. The company is the leader in the global orthopedic trauma device market. The merger of Johnson & Johnson (DePuy) and Synthes allows both companies to combine strengths enabling them to meet the challenging environment ahead in all world markets. It is anticipated that DePuy Synthes will continue to dominate the global orthopedic device market during the forecast period.
Stryker secured the second market position, according to the report. Stryker offers a variety of devices for the global orthopedic device market. The company participates in all areas of devices but has a particular strength in intramedullary nail group and hip fixation devices. The company has been flirting with the idea of acquiring Smith & Nephew, which would propel the company into a leading position in several orthopedic device arenas.
Zimmer held the third position. Zimmer offers a good selection of orthopedic devices. Zimmer's strongest area of sales is in the knee orthopedic devices market. The company's acquisition of Biomet will make it a leader in the large joint arena and increase its extremities standing.
Medtronic secured the fourth position of the total market. Medtronic is the undisputed leader in the global spine orthopedic device market and will likely continue to dominate this section of the market throughout the forecast period.
Other competitors are also featured in Kalorama's report. Biomet's acquisition of DePuy trauma business resulting from Johnson & Johnson's acquisition of Synthes and subsequent forced sales of DePuy's trauma segment created an opportunity for Biomet. Smith & Nephew secured a significant portion of the total orthopedic device market. Smith & Nephew offers products in both the internal fixation and external fixation markets and the large joint markets. Other companies competed, including Aescuplap, Orthofix, Tornier, Wright Medical, DJO Surgical, NuVasive, Exactech, Alphatec Spine, LDR Holding, RTI Surgical, Globus Medical, Conmed Internal Fixation systems, Merlot OrthpediX, Semprus BioSciences, and several others.
Kalorama's Global Orthopedic Device Market (Hip, Knee, Spine, Extremities and Trauma Devices) features detailed market segmentation; markets for various implant types, and other information. The report can be found at: http://www.kaloramainformation.com/redirect.asp?progid=87379&productid=8757580.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.
SOURCE Kalorama Information