Global Bio-Implants Market is expected to reach USD 308,837.20 million by 2025 from USD 186,162.16 million in 2018, at a CAGR of 7.5% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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The global bio-implants market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. Johnson & Johnson Services, Inc. followed by Stryker, Zimmer Biomet and Smith & Nephew. Other players in this market include are Abbott Laboratories, Medtronic, Boston Scientific Corporation, Bio-Rad Laboratories, Inc., Somnomed Limited, Edwards Lifesciences Corporation, C.R. Bard, Inc., Mimedx Group, Inc. and Biotronik Se & Co. Kg among others.
JOHNSON & JOHNSON SERVICES, INC.:
Johnson & Johnson Services, Inc. founded in 1886 and headquartered at New Jersey, U.S. The company operates through three business segments, namely, Consumer, Pharmaceutical, and Medical Devices. The pharmaceutical segment offers a wide range of products for five major therapeutic applications—immunology, infectious diseases, neuroscience, oncology, and cardiovascular & metabolic diseases. The consumer segment of the company offers various products pertaining to baby care, oral care, skin care, women’s health, and wound care. The medical devices segment of the company offers various devices to be used in therapeutic areas such as orthopedic, surgical care, specialty surgery, cardiovascular care, diagnostics, diabetes care, and vision care. The bio-implant products are sold under the medical devices segment and the products of the implants are for cardiovascular surgery, orthopedic surgery.
Johnson & Johnson has more than 265 operating companies across the United States, Europe, Western Hemisphere, Africa, and Asia-Pacific. Some of its subsidiaries include Janssen Pharmaceuticals (Belgium), Ethicon Inc. (U.S.), DePuy (U.S.), Neutrogena (U.S.), Synthes (Switzerland), Cordis Corporation (U.S.), LifeScan, Inc. (U.S.), Janssen-Cilag (U.S.), McNeil Consumer Healthcare (U.S.), Janssen Biotech, Inc. (U.S.), Ortho Clinical Diagnostics (U.S.), and Mentor Worldwide LLC (U.S.).
Founded in 1941 and headquartered in Michigan, U.S., Stryker Corporation specializes in reconstructive, medical & surgical, and neurotechnology & spine products. The company has three business segments—orthopedic implants, MedSurg, and neurotechnology and spine. The orthopedic implants segment focuses on hip, replacement systems, knee replacement systems, mako robotic-arm assisted surgery, shoulder & elbow systems, bone cement, sports medicine, bone substitutes, soft tissue repair, and computer assisted surgery.
The company is present in the U.S. (including Puerto Rico), Canada, Ireland, Europe (Germany, France, Switzerland, and the U.K.), Japan, and countries in the Pacific and Latin American regions. The company sells its products in over 100 countries through company-owned sales subsidiaries and branches as well as third-party dealers and distributors. The firm has 29 manufacturing and R&D facilities worldwide. The company operates its business through the various subsidiaries available such as Alcott Indemnity Company (Vermont), Stryker AB (Sweden), Stryker Biotech LLC (Michigan), Stryker Canada Corp. (Canada) and others.
Zimmer Biomet was established in the year 1927 and is headquartered in Warsaw, Indiana, USA; Zimmer Biomet is an overall pioneer in musculoskeletal social insurance. It manufactures, designs and market orthopedic reconstructive items; biologics, sports drug, extremities, biologics and injury products; bone mending, spine, craniomaxillofacial and thoracic items; dental embeds; and related surgical items. The company majorly operates in three different regions and four different product categories. The three major geographic operating sectors are North America EMEA and Asia Pacific. The bio-implants products are available in the hip, spine, dental, knee product categories.
Biomet, Inc. was founded in the year 1977 by four young men infused with a bold entrepreneurial spirit. Dane A. Miller, Niles L. Noblitt, Jerry L. Ferguson and M. Ray Harroff, all four of them hold experience in the orthopedic industry.
On August 6, 2001, the company spun off from their former parent and became an independent public company. On June 24, 2015, they acquired LVB Acquisition, Inc. (“LVB”), the parent company of Biomet, Inc. (“Biomet”), and LVB and Biomet became their wholly-owned subsidiaries. In connection with the merger, they changed their name from Zimmer Holdings, Inc., to Zimmer Biomet Holdings, Inc.
SMITH & NEPHEW:
Founded in 1856 and headquartered London, UK. Smith & Nephew is the manufacturer of numerous medical devices, personal care products and advanced and latest along with the traditional wound care treatments. The company operates its business across the globe using these nine product categories such as knee implants, sports medicine joint repair, hip implants, arthroscopic enabling technologies, trauma & extremities, other surgical businesses, advanced wound care, advanced wound bioactives, and advanced wound devices. The product offered by the company comes under the trauma and extremities product category. The soft tissue category offers arthroscopy, carpel tunnel release, ligament repair, and TFCC repair.
Smith & Nephew has a presence in more than 100 countries across Africa, Americas, Asia, Australasia, Europe, and Middle East. The subsidiaries of the company are as follows: A2 Surgical (France), Exogen, Inc. (U.S.), Smith & Nephew B.V. (Netherlands) and more.