The globalZimmer Biomet marketsize is expected to reach USD 9.41 Billion in 2028 and register a CAGR of 8.1% over the forecast period, according to the latest report by Reports and Data. Major factors driving market revenue growth are major prevalence of degenerative bone diseases such as osteoarthritis and rheumatoid arthritis, increasing global geriatric population, rising investment by private investors and governments in development of medical devices and high preference for minimally invasive surgeries.
Market Dynamics:
The pharma and healthcare sector has significantly advanced in the recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery and growing investments by public and private sectors are expected to drive global market growth in the coming years.
Some Key Highlights From the Report:
- In March 2020, Acumed signed an agreement with Vivorte. This agreement helped Acumed to distribute Vivortes products such as calcium phosphate-based bone allograft (Trabexus) and calcium phosphate-based biocement (Fortera).
- Internal fixators segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing global geriatric population and rising application of internal fixators.
- North America is expected to register significantly larger revenue share over the forecast period. Robust presence of key market players and increasing application of advanced Zimmer Biomet are some major factors driving revenue growth of the market in this region.
Leading companies operating in the market are:
Acumed LLC, Arthrex Inc., B. Braun Melsungen AG, Citieffe s.r.l., CONMED Corporation, DePuy Synthes, Double Medical Inc., Integra LifeSciences Corporation, Orthofix Holdings Inc., and Smith Nephew.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product service portfolio. The Zimmer Biomet market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in RD, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Zimmer Biomet Market Segmentation:
TypeOutlook (Revenue, USD Billion; 2018-2028)
- External Fixators
- Unilateral
- Circular
- Hybrid
- Internal Fixators
- Plates
- Nails
- Screw
- Pins
- Staples
Surgical Site Outlook(Revenue, USD Billion; 2018-2028)
- Lower Extremities
- Thigh
- Hip Pelvic
- Lower Leg
- Knee
- Foot Ankle
- Upper Extremities
- Hand Wrist
- Elbow
- Shoulder
- Arm
End-Use Outlook(Revenue, USD Billion; 2018-2028)
- Clinical Laboratories
- Biotechnology Industries
- Others
Regional Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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