Written by Laura Dyrda
EvaluateMedTech released the “World Preview 2014, Outlook to 2020” report with details on the top companies in the worldwide orthopedics market in 2013, with projections for 2020 market share. The top companies are listed by highest worldwide orthopedics sales.
The device company landscape is always changing, especially in orthopedics. Two huge mergers/acquisitions rocked the orthopedic device industry so far in 2014: Zimmer’s acquisition of Biomet and Medtronic’s acquisition of Covidien. Stryker may be next in line for a big transaction, although the company backed away from a potential offer on Smith & Nephew earlier this year. Instead, Stryker has acquired several smaller orthopedics companies over the past 18 months, including MAKO Surgical and more recently Small Bone Innovations.
All 10 top companies are expected to see worldwide sales growth over the next five years. However, how much growth varies. The top three companies are expected to maintain their spots — pending acquisitions aside — but there may be some shake-up among companies five through 10.
Here are the top 10 companies:
1. Johnson & Johnson
• 2013 worldwide orthopedics sales: $8.9 billion
• 2020 projected worldwide orthopedics sales: $11.3 billion
• 2020 market share projection: 27.7 percent