DePuy Synthes Companies, Stryker and Zimmer Biomet are Dominating the Global Trauma Devices Market in 2019

Global Trauma Devices Market is expected to grow with the CAGR of 7.5% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global trauma devices 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 trauma devices market are introducing strong range of products provider along with receiving large number of CE mark approvals for launching new products into the market. For instance, in November 2019, DePuy Synthes Companies introduced SYMPHONY Occipito-Cervico-Thoracic (OCT) System which offers surgical treatment for neck and upper back. The SYMPHONY System is designed to improve the areas in alignment, targeting, fixation and extensions. The new product helped the company in expanding its profit along with revenue for the company.

DePuy Synthes is the dominating player in global trauma devices market. The other key players existing in the market includes Shanghai Kinetic Medical Co. Ltd, Weigao group, MicroPort Scientific Corporation, Orthofix Medical Inc., CONMED Corporation, Wright Medical Group N.V., NuVasive, Inc, Corin, Colfax Corporation,  OsteoMed, Invibio Ltd., gpcmedical, Medtronic, Smith & Nephew, Integra LifeSciences Corporation, Zimmer Biomet, B. Braun Melsungen AG, Stryker among others. 

DePuy Synthes Companies:

DePuy Synthes Companies, headquartered in NewJersey, U.S. was founded in 1895. The company is engaged in research and development, manufacturing, and sale of a wide range of products in health care field. The company also has wide product portfolio access, adjunctive hemostats, CMF, energy sealing & dissecting, foot & ankle, hernia mesh & fixation, hip, joint reconstruction, knee, ligation, magnetic spinctor augmentation, microwave ablation, mitek sports medicine, power tools, shoulder, spine, surgical stapling, trauma, uterine & pelvic, vascular access & infection control, wound closure in which knee, foot and ankle, shoulder, spine and trauma are the market focused category. 

For instance,

• In October 2019, a strategic collaboration has been signed by DePuy Synthes Companies and TINAVI in order to expand digital survey footprint for the spine and trauma surgery. This agreement with TINAVI is going to expand the innovation ecosystem in the field of technological and digital medical innovation.

The company also has wide global presence across Asia-Pacific, Europe, Middle East and Africa, and Americas.

Stryker:

Stryker, headquartered in Michigan, U.S. was founded in 1941. The company is engaged in offering products and services in medical imaging and surgical, orthopaedics, and neurotechnology and spine for enhancing the healthcare sector. The company has multiple business segments such as medsurg, orthopaedics, neurotechnology & spine, in which orthopaedics is the market focused segment. The company also has wide product portfolio including medical and surgical equipment, orthopaedics, neurotechnology in which orthopaedics is the market focused product category.

For instance,

• In November 2019, Wright Medical which is a global medical devices focussed on biologics and extremities has been acquired by Stryker. The acquisition helped Stryker in gaining market value as a global player of extrimities & trauma which increases the number of patients with customers.

The company has wide presence across Americas, Europe, Middle East and Africa, Eastern Europe, and Asia. The company also has various subsidiary companies such as Physio control (U.S.), Invuity (U.S.), Entellus Medical, Inc .(U.S.), Stryker India Pvt. Ltd. (India) among others.

Zimmer Biomet:

Zimmer Biomet, headquartered in Indiana, U.S. was founded in 1927. The company is engaged in designing, manufacturing, and marketing effective and innovative solutions which support the orthopaedic surgeons and the clinicians for alleviating pain and enhancing the quality of life for the people across the world. The company offers wide product portfolio including knees, hip, S.E.T, spine & CMF, dental and other in which the market focused categories are knees, spine & CMF.

For instance:

• In September, Zimmer Biomet launched Persona Partial Knee System. The new product helps in expanding Zimmer Biomet and will lead to its expansion along with the growth in terms of revenue and profit.

The company has wide presence across North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The company also has various subsidiary companies such as Zimmer Knee Creations, Inc. (U.S.), Compression Therapy Concepts, Inc. (U.S.), Zimmer Germany GmbH (Germany), Zimmer (Shanghai) Medical International Trading Co., Ltd. (China), Zimmer Switzerland Holdings Ltd (Switzerland) and among others.