The Future of the Orthopedic Devices Market to 2012

The global orthopedic devices market, over the years, has emerged as one of the most dynamic industries in the medical equipment sector. The industry in the recent past has seen a mega private equity transaction, multiple large mergers, some super large acquisition attempts, heavy patent infringement payouts and multiple high value product launches.
Global Markets Direct’s “The Future of the Orthopedic Devices Market to 2012” report provides key data, information and analysis on the global orthopedic devices market. The report provides market landscape, competitive landscape and market trends information on 7 market categories including joint reconstruction, spinal surgery, trauma fixation, orthobiologics, orthopedic braces and supports, orthopedic accessories, and orthopedic diagnostic devices. The report provides comprehensive information on the key trends affecting these categories, and key analytical content on the market dynamics. The report reviews the competitive landscape in terms of mergers and acquisitions, pipeline products and technology offerings.

Report Highlights

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1 Table Of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Introduction 14
2.1 What is this Report About? 14
2.2 Global Markets Direct Report Coverage 15
2.3 Definitions 16
2.4 Orthopedic Devices 16
2.5 Orthobiologics 16
2.5.1 Bone Allografts 16
2.5.2 Bone Graft Substitutes 16
2.5.3 Bone Growth and Spinal Stimulation 16
2.5.4 Viscosupplementation 16
2.6 Joint Reconstruction 17
2.6.1 Ankle Replacement 17
2.6.2 Digits Replacement 17
2.6.3 Elbow Replacement 17
2.6.4 Hip Replacement 17
2.6.5 Knee Replacement 18
2.6.6 Shoulder Replacement 18
2.6.7 Wrist Replacement 19
2.7 Spinal Surgery 19
2.7.1 Spinal Fusion 19
2.7.2 Spinal Non-Fusion 19
2.8 Trauma Fixation 20
2.8.1 Internal Fixators 20
2.8.2 External Fixators 20
2.9 Arthroscopy 20
2.10 Orthopedic Accessories 21
2.10.1 Bone Cement 21
2.10.2 Cast Application and Removal Systems 21
2.11 Orthopedic Braces and Supports 21
2.11.1 Ankle Braces and Supports 21
2.11.2 Knee Braces and Supports 21
2.11.3 Wrist and other Braces and Supports 21
2.12 Market Segmentation 22
3 Executive Summary 23
3.1 Orthopedic Devices: Technology Insight 23
3.2 Orthopedic Devices Market – Trends, Strategies and Analysis 23
3.3 Joint Reconstruction – Market Outlook 23
3.4 Spinal Surgery – Market Outlook 24
3.5 Orthobiologics – Market Outlook 24
3.6 Trauma Fixation – Market Outlook 24
3.7 Orthopedic Braces and Supports – Market Outlook 24
3.8 Orthopedic Accessories – Market Outlook 24
3.9 Arthroscopy – Market Outlook 24
3.10 Orthopedic Devices M&A Landscape 24
4 Orthopedic Devices: Future Outlook 25
4.1 Market Overview 25
5 Orthopedic Devices: Technology Insight 26
5.1 Nucleus Replacement - Next Big Opportunity in the Spinal Surgery Market 26
5.1.1 Background 26
5.1.2 Types of Nucleus Implants 26
5.1.3 Nucleus Replacement – Key Drivers over the Existing Technologies 26
5.1.4 Future Outlook 27
5.2 Biodegradable Implants – Technology Set to Drive Trauma Fixation, Spinal Surgery and Joint Reconstruction Market 28
5.2.1 Background 28
5.2.2 Biodegradable Implants 28
5.2.3 Future Outlook 29
6 Orthopedic Devices Pipeline Product Analysis 30
6.1 Pipeline Products by Category and Geography 30
6.2 Pipeline Products by Category and Development Stage 31
6.3 Key Orthopedic Pipeline Devices 33
6.3.1 Inion OptimaPLUS 34
6.3.2 Prestige LP 35
6.3.3 Flexicore Lumbar Artificial Disc 36
6.3.4 Anatomic Facet Replacement System (AFRS) 37
6.3.5 Percutaneous Disc Nucleus 38
6.3.6 Neodisc 39
6.3.7 Wallis System 40
6.3.8 OTPS Biodegradable Fixation System 41
6.3.9 Kineflex Lumbar Disc 42
6.3.10 MOBILITY Total Ankle System 43
7 Orthopedic Devices Market – Trends, Strategies and Analysis 44
7.1 Market Drivers 44
7.1.1 Rising Orthopedic Disease Incidence and Prevalence 44
7.1.2 Research and Development (R&D) Spending By Companies 45
7.1.3 Regulatory Aspects 46
7.1.4 Rising Healthcare Expenditure 46
7.1.5 Emerging markets 47
7.1.6 Minimally Invasive Surgeries 54
7.1.7 Start Up Companies with Devices of the Future 55
7.2 Market Restraints 57
7.2.1 Regulatory environment 57
7.2.2 Device recalls and safety concerns 58
7.3 Orthopedic Devices Market - Portfolio Analysis 59
7.4 Orthopedic Devices Market – Cross Country Analysis 61
7.5 Orthopedic Devices Market – Market Attractiveness Analysis 62
8 Joint Reconstruction – Market Outlook 64
8.1 Market Overview 64
8.2 Joint Reconstruction Market – Trends, Strategies and Analysis 66
8.2.1 Joint Reconstruction Market Dynamics 66
8.2.2 Joint Reconstruction Cross Country Analysis 68
8.2.3 Joint Reconstruction Portfolio Analysis 69
8.3 Joint Reconstruction Market – Competitive Landscape 71
9 Spinal Surgery – Market Outlook 72
9.1 Market Overview 72
9.2 Spinal Surgery Market – Trends, Strategies and Analysis 73
9.2.1 Spinal Surgery Market Dynamics 73
9.2.2 Spinal Surgery Cross Country Analysis 75
9.2.3 Spinal Surgery Portfolio Analysis 76
9.3 Spinal Surgery Market – Competitive Landscape 78
10 Orthobiologics – Market Outlook 79
10.1 Market Overview 79
10.2 Orthobiologics Market – Trends, Strategies and Analysis 81
10.2.1 Orthobiologics Market Dynamics 81
10.2.2 Orthobiologics Cross Country Analysis 83
10.2.3 Orthobiologics Portfolio Analysis 84
10.3 Orthobiologics Market – Competitive Landscape 86
11 Trauma Fixation – Market Outlook 87
11.1 Market Overview 87
11.2 Trauma Fixation Market – Trends, Strategies and Analysis 88
11.2.1 Trauma Fixation Market Dynamics 88
11.2.2 Trauma Fixation Cross Country Analysis 90
11.2.3 Trauma Fixation Portfolio Analysis 91
11.3 Trauma Fixation Market – Competitive Landscape 93
12 Orthopedic Braces and Supports – Market Outlook 94
12.1 Market Overview 94
12.2 Orthopedic Braces and Supports Market – Trends, Strategies and Analysis 96
12.2.1 Orthopedic Braces and Supports Market Dynamics 96
12.2.2 Orthopedic Braces and Supports Cross Country Analysis 97
12.2.3 Orthopedic Braces and Supports Portfolio Analysis 98
12.3 Orthopedic Braces and Supports Market – Competitive Landscape 100
13 Orthopedic Accessories – Market Outlook 101
13.1 Market Overview 101
13.2 Orthopedic Accessories Market – Trends, Strategies and Analysis 102
13.2.1 Orthopedic Accessories Market Dynamics 102
13.2.2 Orthopedic Accessories Cross Country Analysis 104
13.2.3 Orthopedic Accessories Portfolio Analysis 105
13.3 Orthopedic Accessories Market – Competitive Landscape 107
14 Arthroscopy – Market Outlook 108
14.1 Market Overview 108
14.2 Arthroscopy Market – Trends, Strategies and Analysis 109
14.2.1 Arthroscopy Market Dynamics 109
14.2.2 Arthroscopy Cross Country Analysis 110
14.3 Arthroscopy Market – Competitive Landscape 111
15 Orthopedic Devices M&A Landscape 112
15.1 Past, Present and Future 112
15.2 M&A Analysis 114
15.2.1 Mergers 116
15.2.2 Acquisitions 118
16 Company Performance Analysis 123
16.1 Situation Analysis: Past, Present and Future 123
16.2 Zimmer Holdings, Inc. 125
16.2.1 Financial Overview 125
16.2.2 Ratio Analysis 127
16.2.3 SWOT Analysis 128
16.2.4 Value Chain Analysis 134
16.2.5 M&A Analysis 135
16.2.6 Pipeline Analysis 137
16.3 Stryker Corporation 138
16.3.1 Financial Overview 138
16.3.2 Ratio Analysis 139
16.3.3 SWOT Analysis 140
16.3.4 Value Chain Analysis 145
16.3.5 M&A Analysis 146
16.3.6 Pipeline Analysis 148
16.4 Smith & Nephew PLC 149
16.4.1 Financial Overview 149
16.4.2 Ratio Analysis 150
16.4.3 SWOT Analysis 151
16.4.4 Value Chain Analysis 156
16.4.5 M&A Analysis 157
16.4.6 Pipeline Analysis 158
16.5 Depuy, Inc. 159
16.5.1 M&A Analysis 160
16.5.2 Pipeline Analysis 162
16.6 Biomet, Inc. 163
16.6.1 Financial Overview 163
16.6.2 Ratio Analysis 164
16.6.3 SWOT Analysis 165
16.6.4 Value Chain Analysis 170
16.6.5 M&A Analysis 171
16.6.6 Pipeline Analysis 172
16.7 Medtronic, Inc. 173
16.7.1 Financial Overview 173
16.7.2 Ratio Analysis 174
16.7.3 SWOT Analysis 175
16.7.4 Value Chain Analysis 180
16.7.5 M&A Analysis 181
16.7.6 Pipeline Analysis 183
16.8 Synthes GmbH 184
16.8.1 Financial Overview 184
16.8.2 Ratio Analysis 185
16.8.3 SWOT Analysis 186
16.8.4 Value Chain Analysis 191
16.8.5 M&A Analysis 192
16.8.6 Pipeline Analysis 193
17 Appendix 194
17.1 Methodology 194
17.1.1 Coverage 195
17.1.2 Secondary Research 195
17.1.3 Primary Research 196
17.1.4 Models 196
17.1.5 Forecasts 196
17.1.6 Expert Panels 197
17.2 Contact Us 197
17.3 Disclaimer 197
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1.1 List of Tables
Table 1: Key Pipeline Products in the Global Nucleus Replacement Market, 2008 27
Table 2: Key Pipeline/Marketed Products in the Global Biodegradable Implants Market, 2008 29
Table 3: Pipeline Products by Category, Global Orthopedic Devices Market, 2008 31
Table 4: Pipeline products by Category and Development Stage, Global Orthopedic Devices Market, 2008 32
Table 5: Key Pipeline Products in the Orthopedic Devices Sector, Global, 2008 33
Table 6: Inion OptimaPLUS Product Details 34
Table 7: Prestige LP Product Details 35
Table 8: Flexicore Lumbar Artificial Disc Product Details 36
Table 9: Anatomic Facet Replacement System (AFRS) Product Details 37
Table 10: Percutaneous Disc Nucleus Product Details 38
Table 11: Neodisc Product Details 39
Table 12: Wallis System Product Details 40
Table 13: OTPS Biodegradable Fixation System Product Details 41
Table 14: Kineflex Lumbar Disc Product Details 42
Table 15: MOBILITY Total Ankle System Product Details 43
Table 16: Hip Resurfacing Implants, Revenues ($ m), 2006-2012 48
Table 17: Knee Resurfacing versus Total Knee Replacement Procedure 49
Table 18: Knee Resurfacing Market, Global , Revenue ($ m), 2006-2012 50
Table 19: Small Joint Replacement Market, Revenue by Segment ($ m), 2000-2012 51
Table 20: Artificial Disc Replacement, Global, Revenues ($ m), 2000-2012 52
Table 21: Dynamic Stabilization, Global, Revenues ($ m), 2000-2012 53
Table 22: Joint Reconstruction, Revenues by Segment, ($ m), 2000-2007 65
Table 23: Joint Reconstruction, Revenues by Segment, ($ m), 2007-2012 65
Table 24: Spinal Surgery, Revenues by Segment, ($ m), 2000-2007 73
Table 25: Spinal Surgery, Revenues by Segment, ($ m), 2007-2012 73
Table 26: Orthobiologics, Revenues by Segment, ($ m), 2000-2007 80
Table 27: Orthobiologics, Revenues by Segment, ($ m), 2007-2012 80
Table 28: Trauma Fixation, Revenues by Segment, ($ m), 2000-2007 88
Table 29: Trauma Fixation, Revenues by Segment, ($ m), 2007-2012 88
Table 30: Orthopedic Braces and Supports, Revenues by Segment, ($ m), 2000-2007 95
Table 31: Orthopedic Braces and Supports, Revenues by Segment, ($ m), 2007-2012 95
Table 32: Orthopedic Accessories, Revenues by Segment, ($ m), 2000-2007 102
Table 33: Orthopedic Accessories, Revenues by Segment, ($ m), 2007-2012 102
Table 34: Arthroscopy, Revenues by Segment, ($ m), 2000-2007 109
Table 35: Arthroscopy, Revenues by Segment, ($ m), 2007-2012 109
Table 36: Key Mergers in the Global Orthopedic Devices Market Space, Jan 2004 – May 2008 116
Table 37: Key Acquisitions in the Global Orthopedic Devices Market Space, Jan 2004 – Sept 2008 118
Table 38: Overall Company Share in the Global Orthopedic Devices Market ($ m), 2005 - 2006 124
Table 39: Zimmer Holdings, Inc., Financial Overview, 2000 – 2007 125
Table 40: Zimmer Holdings, Inc., Ratio Analysis, 2003-2007 127
Table 41: Stryker Corporation, Financial Overview, 2003 – 2007 138
Table 42: Stryker Corporation, Ratio Analysis, 2003-2007 139
Table 43: Smith & Nephew PLC, Financial Overview, 2003 – 2007 149
Table 44: Smith & Nephew PLC, Ratio Analysis, 2003 – 2007 150
Table 45: Biomet, Inc., Financial Overview, 2003 – 2007 163
Table 46: Biomet, Inc., Ratio Analysis, 2003 – 2007 164
Table 47: Medtronic, Inc., Financial Overview, 2003 – 2007 173
Table 48: Medtronic, Inc., Ratio Analysis, 2003-2007 174
Table 49: Synthes GmbH, Financial Overview, 2003 – 2007 184
Table 50: Synthes GmbH, Ratio Analysis, 2003 – 2007 185
1.2 List of Figures
Figure 1: Orthopedic Devices Market Segmentation 22
Figure 2: Orthopedic Devices Market, Revenue by Category ($ m), 2007 25
Figure 3: Pipeline Products by Category, Global Orthopedic Devices Market, 2008 30
Figure 4: Pipeline Products by Category and Development Stage, Global Orthopedic Devices Market, 2008 31
Figure 5: Arthritis Disease Incidence Comparison, 2007 44
Figure 6: Research and Development Expenditure, By Company, 2007 45
Figure 7: Hip Resurfacing Implants, Revenues ($ m), 2007-2012 47
Figure 8: Comparison of Total and Partial Knee Replacement 49
Figure 9: Small Joint Replacement Market, Revenue by Segment ($ m), 2000-2012 50
Figure 10: Artificial Disc Replacement, Global, Revenues ($ m), 2000-2012 52
Figure 11: Dynamic Stabilization, Global, Revenues ($ m), 2000-2012 53
Figure 12: Joint Replacement , Procedures by Segment, Units, 2007 54
Figure 13: ConforMis Company Details 55
Figure 14: Orthopedic Device Recalls by Key Market Player, 2004 – 2007 58
Figure 15: Global Orthopedic Devices Market, Portfolio Analysis, 2007 59
Figure 16: Global Orthopedic Devices Market, Cross Country Analysis, 2007 61
Figure 17: Global Orthopedic Devices Market, Market Attractiveness Analysis, 2007 62
Figure 18: Joint Reconstruction, Revenues by Segment, ($ m), 2000-2012 64
Figure 19: Joint Reconstruction Cross Country Analysis, 2007 68
Figure 20: Joint Reconstruction Portfolio Analysis, 2007 69
Figure 21: Joint Reconstruction, Global, Company Share (%), 2007 71
Figure 22: Spinal Surgery, Revenues by Segment, ($ m), 2000-2012 72
Figure 23: Spinal Surgery Cross Country Analysis, 2007 75
Figure 24: Spinal Surgery Portfolio Analysis, 2007 76
Figure 25: Spinal Surgery, Global, Company Share (%), 2007 78
Figure 26: Orthobiologics, Revenues by Segment, ($ m), 2000-2012 79
Figure 27: Orthobiologics Cross Country Analysis, 2007 83
Figure 28: Orthobiologics Portfolio Analysis, 2007 84
Figure 29: Orthobiologics, Global, Company Share (%), 2007 86
Figure 30: Trauma Fixation, Revenues by Segment, ($ m), 2000-2012 87
Figure 31: Trauma Fixation Cross Country Analysis, 2007 90
Figure 32: Trauma Fixation Portfolio Analysis, 2007 91
Figure 33: Trauma Fixation, Global, Company Share (%), 2007 93
Figure 34: Orthopedic Braces and Supports, Revenues by Segment, ($ m), 2000-2012 94
Figure 35: Orthopedic Braces and Supports Cross Country Analysis, 2007 97
Figure 36: Orthopedic Braces and Supports Portfolio Analysis, 2007 98
Figure 37: Orthopedic Braces and Supports, Global, Company Share (%), 2007 100
Figure 38: Orthopedic Accessories, Revenues by Segment, ($ m), 2000-2012 101
Figure 39: Orthopedic Accessories Cross Country Analysis, 2007 104
Figure 40: Orthopedic Accessories Portfolio Analysis, 2007 105
Figure 41: Orthopedic Accessories, Global, Company Share (%), 2007 107
Figure 42: Arthroscopy, Revenues by Segment, ($ m), 2000-2012 108
Figure 43: Arthroscopy Cross Country Analysis, 2007 110
Figure 44: Arthroscopy, Global, Company Share (%), 2007 111
Figure 45: Orthopedic Devices M&A Landscape, Key M&A Transactions 112
Figure 46: Global Orthopedic Devices Market, Financial Deals By Type, 2007 – 2008 114
Figure 47: Global Orthopedic Devices Market, Financial Deals By Volume and Value, 2004-2008 115
Figure 48: Regeneration Therapeutics Merges with Tutogen Medical, Details, 2008 117
Figure 49: Zimmer’s Acquisition of Abbott Spine, Details, 2008 119
Figure 50: Integra’s Acquisition of Theken, Details, 2008 120
Figure 51: Medtronic’s Acquisition of Kyphon, Details, 2007 121
Figure 52: Overall Company Share in the Global Orthopedic Devices Market (%), 2006 123
Figure 53: Overall Revenues in the Global Orthobiologics Market ($m), 2000 – 2012 126
Figure 54: Zimmer Holdings, Inc., SWOT Analysis 128
Figure 55: Zimmer Holdings, Inc., Value Chain Analysis 134
Figure 56: Zimmer Holdings, Inc., M&A Analysis 135
Figure 57: Zimmer Holdings, Inc., Key Pipeline Analysis 137
Figure 58: Stryker Corporation, SWOT Analysis 140
Figure 59: Stryker Corporation, Value Chain Analysis 145
Figure 60: Stryker Corporation, M&A Analysis 146
Figure 61: Stryker Corporation, Key Pipeline Analysis 148
Figure 62: Smith & Nephew PLC, SWOT Analysis 151
Figure 63: Smith & Nephew PLC, Value Chain Analysis 156
Figure 64: Smith & Nephew PLC, M&A Analysis 157
Figure 65: Smith & Nephew PLC, Key Pipeline Analysis 158
Figure 66: Depuy, Inc., M&A Analysis 160
Figure 67: Depuy, Inc., Key Pipeline Analysis 162
Figure 68: Biomet, Inc., SWOT Analysis 165
Figure 69: Biomet, Inc., Value Chain Analysis 170
Figure 70: Biomet, Inc., M&A Analysis 171
Figure 71: Biomet, Inc., Key Pipeline Analysis 172
Figure 72: Medtronic, Inc., SWOT Analysis 175
Figure 73: Medtronic, Inc., Value Chain Analysis 180
Figure 74: Medtronic, Inc., M&A Analysis 181
Figure 75: Medtronic, Inc., Key Pipeline Analysis 183
Figure 76: Synthes GmbH, SWOT Analysis 186
Figure 77: Synthes GmbH, Value Chain Analysis 191
Figure 78: Synthes GmbH, M&A Analysis 192
Figure 79: Synthes GmbH, Key Pipeline Analysis 193
Figure 80: Global Markets Direct Methodology 194
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