DePuy Synthes (The Orthopaedic Company of Johnson & Johnson Services, Inc.), Stryker and Zimmer Biomet are Dominating the Global Surgical Power Tools Market in 2020

Surgical Power Tools Market is expected to grow with the CAGR of 6.0% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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Surgical power tools market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global surgical power tools market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In December 2020, Medtronic received the U.S. FDA approval for Midas Rex high-speed drills with the Mazor Robotic Guidance System. The new integrated system offered high predictability and enhanced the precision of a broader range of procedures leading to better patient outcomes. This approval allowed the company to penetrate its roots in the global surgical power tools market by allowing surgeons to quickly visualize spinal structures and anatomy structures with each other in 3D

DePuy Synthes (The Orthopaedic Company of Johnson & Johnson Services, Inc.)  is a dominating player in global surgical power tools market. The other key players existing in the market includes Medtronic, Stryker, Zimmer Biomet, OrthoPromed, NOUVAG AG, Medical Bees Gmbh, Exactech, Inc., B. Braun Melsungen AG, CONMED Corporation, Adeor Medical AG, Arthrex, Inc., Shanghai Bojin Medical Instruments CO., Ltd, Chongqing Xishan Science & Technology Co., Ltd., Sharma Orthopedic India Pvt Ltd, gpcmedical, NSK LTD., Sharplinegroup, MatOrtho Limited, IMEDICOM, maxon, PUSM MEDICAL, Komet Medical, Wuhu Ruijin Medical Instrument & Device Co., ltd., Aygun co., Inc., 3M, De Soutter Medical, AlloTech Co., LTD  among others.

Surgical Power Tools Market Depuy Synthes (The Orthopedic Company of Johnson & Johnson Services, Inc.)

Depuy Synthes (The Orthopedic Company of Johnson & Johnson Services, Inc.) has it base headquarters in New Jersey, the U.S. and was founded in 1886. The company is focused on becoming the most innovative solutions for most of the disease in various therapeutic areas such as cardiovascular, orthopaedic and others. The company deals in CMF, Early Intervention, Foot & Ankle, Hip, Joint Reconstruction, Knee, Mitek Sports Medicine, Power Tools, Shoulder, Spine, Trauma, Trauma-Pediatrics out of which power tools is the market focused product portfolio.

  • In October 2019,  Johnson & Johnson Services Inc. announced that they has entered in a co-marketing and distribution agreement, as well as an R&D agreement, with TINAVI, the market leader in orthopaedic robotics in China. This have helped the company to bring the robotic solutions for spine and trauma surgery in china market and raise the sales and production.

The company has presence in Asia, Europe, America, Middle East & Africa. The company has its base subsidiaries in "Janssen Pharmaceutica (Belgium), Neutrogena (U.S.), DePuy Synthes Companies (U.S), Ethicon Inc. (U.S.), ALZA Corporation (U.S.) among others.

Stryker

Stryker is headquartered U.S. and was founded in 1941. The company is a global leader in innovative products and services in orthopaedic, medical and surgical, and neurotechnology & Spine. The company has multiple product categories such as medical and surgical equipment, orthopaedics and neurotechnology out of which medical and surgical equipment, are the market focused category.  

  • In June 2021, Stryker announced their partnership with Texas Health Hospital Mansfield. The hospital will be adopting the full suite of Stryker products to support their journey to eliminate harm for healthcare providers and patients in the operating room. This will help the company to increase sale in future.

The company has wide global presence across Asia, Australia and New zealand, Europe, Middle east and Africa, North and Latin America. The company has subsidiaries including Berchtold + Fritz GmbH (Germany) Berchtold Corporation (USA) - Delaware Berchtold GmbH & Co. KG (Germany), Berchtold Holding Switzerland GmbH (Switzerland) BioMimetic Therapeutics Pty Ltd (Australia) among others.

Zimmer Biomet

Zimmer Biomet is headquartered in Indiana. U.S, was founded in year 1927. The company is focused treating disorders, injuries to bone, joints and soft tissues through their innovative products to make life better. The company offers wide range of product categories such as ASC Solutions, Mymobility, OrthoIntel, Robotics Solutions, Zimmer Biomet Link Financial Solutions, ZB Edge, Intelligent Integration, Biologics, Bone Healing, cement, CMF, dental, Diagnostics, Elbow, foot, ankle, knee, Surgical, Trauma, Thoracic, spine and shoulder. The market focused category is Surgical.

  • In December 2020, Zimmer Biomet announced that they had completed the acquisition of A&E Medical Corporation. This deal had provided an immaterial impact on the net earnings in 2020 of the company.

The company has wide global presence across the world in Europe, Asia-Pacific, Middle East and Africa, South America and North America. Subsidiaries include Biomet Biologics, LLC (Indiana), Biomet CV Holdings, LLC (Delaware) Biomet Fair Lawn LLC (Indiana) Biomet Finance US, LLC (Delaware), and Biomet Holdings US, Inc. (Delaware) among others.