LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global sports medicine market report. This research report also lists 15 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The market is characterized by the presence of diverse international and regional vendors. With international players consistently increasing their footprint in the market, regional vendors are finding it increasingly difficult to compete with larger players, especially on features such as quality, pricing, market reach, and financial resources. Companies with better-skilled workforces and financial resources can manufacture products that may render competitors' merchandise non-competitive even before it is launched. This makes it difficult for the latter to recover R&D and commercialization costs. As a result, vendors have to develop new products and stay abreast of emerging market trends that have a bearing on their product lines.
“Access to capital and advances in product innovations are major barriers to the entry of new players. Therefore, vendors must expand geographically and revive domestic demand to achieve sustained growth over time. Vendors can boost profitability by practicing efficient production techniques to minimize product costs and prevent cost overruns,” says Amber Chourasia, a lead analyst at Technavio for health and wellness research.
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Top five sports medicine market vendors
Arthrex
Arthrex was incorporated in 1981 and is headquartered in Naples, Florida, US. It is a medical device company that engages in the design, manufacture, and marketing of a wide range of medical devices globally. The company has developed more than 7,500 different products in the field of arthroscopy and surgical equipment. Its products help surgeons to treat their patients better by prioritizing patient safety and clinical results. Arthrex also specializes in orthobiologics and arthroplasty, and surgical breakthroughs for the treatment of arthritis. In addition, the company is developing new technologies for multi-specialty applications. It markets its products in more than 100 countries worldwide.
CONMED
CONMED was incorporated in 1970 and is headquartered in Utica, New York, US. The company develops and manufactures surgical devices and equipment for minimally invasive procedures. These have specialty applications such as orthopedics, general surgery, gynecology, neurosurgery, and gastroenterology. CONMED established its presence in the global sports medicine market with a wide range of sports medicine products through its orthopedic surgery segment. A significant portion of the company's business is derived from sales of its orthopedic surgery product lines. The company has a strong operational presence and international facilities in more than 20 locations across APAC, EMEA, and the Americas.
DePuy Synthes
DePuy Synthes was founded in 1895 and is headquartered in Warsaw, Indiana, US. It designs, manufactures, and distributes a comprehensive range of orthopedic and neuro products and services for various conditions, including trauma, cranio-maxillofacial and spine surgeries, and joint reconstruction. It also provides sports medicine and power tools and biomaterials. The company operates as a subsidiary of Johnson & Johnson.
DePuy Synthes established its presence in the global sports medicine market with its pain management and minimally invasive solutions as well as sports medicine and soft-tissue repair products. The company offers implants and instruments used for the surgical treatment of fractures, deformities, and tumor diseases of long bones, including arms and legs. In addition, the company designs, manufactures, and sells trauma devices for internal and external fixation. DePuy Synthes also specializes in spinal care solutions for cervical, arthroplasty, aging spine, interbody fusion, thoracolumbar, and other minimally invasive surgeries.
Smith & Nephew
Smith & Nephew was formed in 1856 and is headquartered in Watford, Hertfordshire, UK. It is an advanced medical technology business that offers products for orthopedic reconstruction; sports medicine; wound management; trauma and extremities; ear, nose, and throat surgeries; and gynecology. Smith & Nephew has established its presence in the global sports medicine market with its key offerings such as knee implants, hip implants, and sports medicine joint repair. The company is supported by a strong customer base in more than 100 countries.
Stryker
Stryker was formed in 1941 and is headquartered in Kalamazoo, Michigan, US. It is a medical technology company. The company's product portfolio includes implants, surgical equipment and surgical navigation systems, neurosurgical, spinal, and neurovascular devices, endoscopic and communications systems and patient handling and emergency medical equipment.
The company offers a wide range of new sports medicine implants, instrumentation, visualization, resection, and biologic solutions. Its key solutions focus on minimally invasive and open approaches to the knee, shoulder, hip, and small joints. The company's sports medicine division delivers a full and innovative portfolio of products and business solutions to the customers.
Browse Related Reports:
- Global Moist Wound Dressings Market 2016-2020
- Global Sports Medicine Devices Market 2015-2019
- Global Joint Repair Devices in Sports Medicine Market 2015-2019
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About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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