Zimmer Biomet, Depuy Synthes, Stryker Premium Products Overtake Domestic Competitors in Chinese...
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Transcript of Zimmer Biomet, Depuy Synthes, Stryker Premium Products Overtake Domestic Competitors in Chinese...
Z IMMER B IOMET PREM IUMPRODUCTS OVERTAKE DOMEST ICCOMPET I TORS I N CH INESEORTHOPED IC SMALL BONE ANDJO INT DEV ICE MARKET
I DATA RESEARCH I NC .
SEPTEMBER 20 1 6
CH INA MARKET REPORT SU I TE FOR SMALL BONE AND JO INT
ORTHOPED IC DEV ICES
I DATA RESEARCH I NC .
$ 135 MILL ION BY 2022
The Chinese small bone and joint
orthopedic device market is
expected to increase, forecasted
to reach over $135 million by 2022.
I DATA RESEARCH I NC .
CHINESE COMPANIESSTRENGTH IN PLATES AND
SCREWS , NOT IN FULLJOINT REPLACEMENTS
Zimmer Biomet leads the Chinese market due to their strong balance across
all segments. In particular, their premium Trabecular Metal line of products
secured a lot of their market overall share. Similarly, Depuy Synthes also have
significant market share across the entire Chinese small joint market. The foot
and ankle market was their strongest thanks to their Distraction Osteogenesis
Ring System which is a multifaceted foot and ankle external fixation system.
I DATA RESEARCH I NC .
CHINESECOMPETITORS
Amongst the multitude of domestic companies, there are
some companies, such as Kanghui and Weigao, which are
larger, more organized and generally considered to be of
higher quality than many other domestic manufacturers.
There are also smaller domestic competitors such as Suzhou
Xinrong Best Medical Instruments Co. and Tianjin Walkman
Biomaterial Co., which are small companies that
manufacture budget products which allow the average
selling price for said products to be low..
“AS IDE FROM Z IMMER B IOMET ANDSTRYKER , THERE ARE OTHER FORE IGNCOMPET I TORS SUCH AS SM ITH &NEPHEW , ACUMED , ARTHREX ,EXACTECH AND WRIGHT MED ICAL . ”
I DATA RESEARCH I NC .
- - KAMRAN ZAMAN IAN ( I DATA RESEARCH I NC . CEO )
“THESE COMPAN IES OFTEN PROV IDE H IGHER PR ICED DEV ICES AND AS
SUCH , GARNER LESS MARKET SHARE I N THE PR ICE SENS I T I VE CH INESE
MARKET . ”
V I S I TIDATARESEARCH .COMFOR MORE I N FORMAT ION
I DATA RESEARCH I NC .
SEPTEMBER 20 1 6
CH INA MARKET REPORT SU I TE FOR SMALL BONE AND JO INT
ORTHOPED IC DEV ICES