The biggest orthopedic device companies in the market today are DePuy Synthes, Stryker, Zimmer and Medtronic, according to a new Kalorama Information report, but will they remain there in the future?
Here are eight key notes on the biggest players in the orthopedic device space:
1. These four companies accounted for around 70 percent of the total revenue for 2014 in the global orthopedic device market.
2. The remaining 30 percent of the market has at least a dozen competitors.
3. DePuy Synthes led the market last year with nearly 30 percent of the space; Stryker was second, Zimmer third and Medtronic fourth.
4. Kalorama estimates DePuy Synthes will continue to dominate the global orthopedic device market over the next few years.
5. If Stryker acquires Smith & Nephew — a much-rumored move — the company would take a leading position in several orthopedic device arenas.
6. When Zimmer's acquisition of Biomet is final, the merged company will be a leader in the large joint arena and increase it's standing in extremities.
7. Medtronic leads the orthopedic spine device market and will likely continue as a leader there over the next few years.
8. Smith & Nephew has secured a portion of the total orthopedic device market as well.