Zimmer Biomet, DePuy Synthes (Johnson & Johnson Services, Inc.), and Stryker dominated the Europe Orthopedic Knee Market in 2021

Europe Orthopedic Knee Market is expected to grow with the CAGR of 5.4% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Europe orthopedic knee market is a highly consolidated market. The market has witnessed increased strategic developments owing to favorable market scenarios.

Some of the major players dealing in the orthopedic knee market are introducing strong range of product portfolios and services. This helped companies to maximize sales with enhanced product portfolio.

Zimmer Biomet is dominating player in the Europe orthopedic knee market. The other key players existing in the market includes Zimmer Biomet., DePuy Synthes (Johnson & Johnson), Stryker, Smith & Nephew, Bauerfeind AG, Medacta International, B. Braun Melsungen AG, Exactech, Inc., Otto Bock, ÖSSUR, MicroPort Orthopedics Inc. and Others.

Zimmer Biomet

Zimmer Biomet was founded in 1927 and is headquartered in Indiana, U.S. The company’s mission is to alleviate pain and improve the quality of life for their customers around the world. The company offers range of product categories including Knee, Hip, Shoulder, Sports Medicine, CMF, Restorative Therapies, Thoracic Biologics Cement, Diagnostics, Elbow, Foot & Ankle Limb Salvage Patient-Matched, Implants Pharmaceuticals, Surgical Trauma in which market focused category fall under knee . The company is taking strategic initiatives by acquisition.

  • In August 2021, Zimmer Biomet along with Canary Medical, had announced the Food and Drug Administration (FDA), Grant and Authorization to Market the World's First and Only Smart Knee Implant, which is the Persona IQ Knee Implant. The product approval received resulted in post market authorization in the Europe market and expansion of portfolio of smart implant technologies in various orthopedic surgery applications.

The company has global presence in North America, Europe, Middle East and Africa, Asia-Pacific and South America and Accelero Health Partners, LLC (Pennsylvania), Biomet 3i, LLC (Florida) among others are the subsidiary of Eurofins Scientific.

DePuy Synthes (Johnson & Johnson Services, Inc.)

DePuy Synthes (Johnson & Johnson Services, Inc.) was founded in 1895 and is headquartered in Massachusetts, the U.S. The company’s mission is to alleviate comprehensive orthopedics portfolio of the company. The company offers range of product categories Craniomaxillofacial, Digital and Enabling Technologies, Foot & Ankle, Hand and Wrist, Hip, Knee, Power Tools, Shoulder and Elbow, Spine, and Thorax and our market focused category is Knee. The company is taking strategic initiatives to increase its product portfolio.

  • In March 2022, DePuy Synthes had added two more orthopedic knee products in its portfolio, to the Attune knee portfolio. The two products which were added are the cementless fixed bearing knee and medial stabilized knee to it’s attune knee portfolio. The addition of the new orthopedic knee products increased the product segment revenue and increased the market size in Europe region.

The company has global presence in North America, Asia Pacific, South America, Europe, Latin America.

Stryker

Stryker was founded in 1941 and is headquartered in Michigan, the U.S. The company is focused on offering innovative products and services in medical and surgical, neurotechnology, orthopedics and spine that help improve patient and hospital outcomes. The company offers products in following categories Advanced Digital Healthcare, Craniomaxillofacial, Foot and Ankle, Joint Replacement, Spine, Sports Medicine, Trauma & Extremities, Upper Extremities and Joint Replacement is the market focused category. The company is taking strategic initiatives by collaboration.

  • In January 2021, Stryker had acquired OrthoSensor, a market player, which applies digital technology and big data to total joint replacements. The acquisition would allow Stryker, to purchase the shares and digital technologies of OrthoSensor, for its use in knee implant technologies and allowing the surgeons to make informed decisions on balancing the knee’s soft tissue and adjusting the implant’s placement, on the knee.

The company has global presence in North America, Europe, South America, Middle East and Africa, Asia-Pacific. The company has many subsidiaries such as Alcott Indemnity Company (Vermont), Applied Medical Recovery, Inc. (Arizona), Applied Medical Technologies, LLC (Arizona) among others.