Stryker, Johnson & Johnson Services Inc. and Medtronic are Dominating the U.S. Spinal Implants Market in 2020

U.S. Spinal Implants Market is expected to grow with the CAGR of 5.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.

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U.S. spinal implants 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 U. spinal implants market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio.

For instance,

  • In October 2020, Stryker announced that it has been named among the top five best workplaces by Fortune, in partnership with Great Place to Work (GPTW). This recognition received by the company has increased its credibility in the market leading to increased demand for the product of the company

Stryker is dominating player in U.S. spinal implants market. Some of the other players operating in the U.S. spinal implants market are Medtronic, Canwell Medical Co., Ltd., NuVasive, Inc., SeaSpine, Globus Medical, RTI Surgical, MW Industries, Inc. (MWI), Captiva Spine, Inc., XTANT MEDICAL, SINTX Technologies, Inc, Orthofix Medical, Inc., Alphatec Holdings, Inc., Wenzel Spine, Inc., Johnson & Johnson Services, Inc., Tecomet, Inc., and Zimmer Biomet among others.

U.S. Spinal Implants MarketStryker

Stryker has headquartered in Michigan, U.S. was founded in 1946. The company focuses on offering innovative products and services in orthopaedics, medical and surgical, and neurotechnology and spine that helps improve patient and hospital outcomes.

  • In November 2020, Stryker announced that it has acquired the Wright Medical Group N.V., a medical devices company focused on extremities and biologics across globe. This acquisition done by the company has increased the product portfolio of the company leading to increased sales and demand for its products in future.

The company has presence in North America, South America, Europe, and Middle East & Africa. The company has various subsidiaries that are Aimago SA (Switzerland), Berchtold + Fritz GmbH (Germany), Jiangsu Chuangi Medical Instrument Company Limited (China), among others.

Johnson & Johnson Services, Inc.

 Johnson & Johnson Services, Inc., headquartered in New Jersey, U.S., was founded in year 1957. The company is focused on elevating the standard of care-working to expand patient access, improve outcomes, reduce health system costs and drive value. The company offers Joint Reconstruction, Trauma, Spine, Sports Medicine, Power Tools, CMF, and Biomaterials.

For instance,

  • In November 2017, Medical Devices Business Services, Inc. (a subsidiary of Johnson & Johnson Services, Inc.) announced a new 180-million-dollar Ethicon factory opening at Suzhou Industrial Park. This expansion has boosted the market growth and increased the demand and sales of products in the market.

The company has wide global presence across the world as North America, Europe, South America, Middle East and Africa.

Medtronic

Medtronic is headquartered in Dublin, Ireland, was founded in 1949. The company focuses on treatment of various health conditions and include cardiac devices, cranial and spine robotics, insulin pumps, surgical tools, patient monitoring systems, and more by providing product in domains such as cardiovascular, diabetes among others. The company offers Advanced Surgical Technology, Cardiac Rhythm, Cardiovascular, Diabetes, Digestive & Gastrointestinal, Ear, Nose & Throat, General Surgery, Gynecological, Neurological, Oral, Maxillofacial & Dental, Patient Monitoring, Renal Care, Respiratory, Spinal & Orthopaedic, Surgical Navigation & Imaging and Urological.

For instance,

  • In February 2021, Medtronic announced that major surgeons across the U.S. has utilized Medtronic’s newly approved Midas Rex and Mazor Robotic guidance system for successfully performing  minimally invasive spinal procedures. This has become next step in spine surgeries thereby increased credibility and revenue over the market.

The company has wide global presence across North America, Europe, Middle East and Africa, South America, Asia-Pacific. The company has various subsidiaries such as A&E Hangers Taiwan Co., Ltd. (Taiwan), A&E Products Group, Inc. (Delaware), Accucomp (Pty.) Ltd. (Delaware), Airox, Inc. (France) and Arterial Vascular Engineering UK Limited (U.K.) among others.