Cartilage Repair/ Cartilage Regeneration Market

Acquisition is the Key Growth Strategy Adopted by Players Operating in the Cartilage Repair/ Cartilage Regeneration Market

Zimmer Biomet Holdings, Inc. (U.S.) and DePuy Synthes- J&J Company (U.S.) are the leading players in the global cartilage repair/ cartilage regeneration market. The strong position of these companies in the market can primarily be attributed to their global presence and broad product portfolio. Other major players in the market include Vericel Corporation (U.S.), Osiris Therapeutics, Inc. (U.S.), Smith & Nephew plc (U.K.), and Arthrex Inc. (U.S.).

In 2016, Zimmer Biomet Holdings, Inc. (U.S.) held the largest market share of ~33%. Over the past three years, the company preferably adopted the strategy of acquisition to maintain its position in the global cartilage repair/ cartilage regeneration market. In May 2016, Zimmer Biomet Holdings Inc. (U.S.) acquired Cayenne Medical Inc. (U.S.), provider of advanced soft tissue repair and reconstruction solutions for the knee, shoulder and extremities. This acquisition is aimed to strengthen company's offering for repair and reconstruction of knee, shoulder and extremities. In June 2015, Zimmer Holdings Inc. (U.S.) acquired Biomet Inc. (U.S.), provider of surgical and non-surgical products for orthopedic and musculoskeletal applications changing its corporate name to Zimmer Biomet Holdings, Inc. With this acquisition company is expected to achieve increased competitiveness in core franchises and a stronger presence in emerging markets.

DePuy Synthes, another major player operating in this market, held the second largest market share of ~18%. In order to maintain its dominance in the global cartilage repair/ cartilage regeneration market, the company primarily adopted the strategy of expansion. In March 2016, DePuy Synthes Companies of Johnson & Johnson (U.S.) received IndustryWeek's 2015 North America Best Plants Award for its manufacturing facility in Raynham, Massachusetts. The award recognizes world-class facilities in North America that perform with excellence in the areas of quality, employee engagement, operational excellence, new product introductions, customer satisfaction and financial performance. In June 2015, DePuy Synthes, Companies of Johnson & Johnson (U.S.) expanded its manufacturing site in Cork, Ireland. This expansion created the largest single manufacturing plant for its joint reconstruction portfolio which comprises more than 200 products.

Companies in the cartilage repair/ cartilage regeneration market are majorly focusing on acquisition for strengthening their market share; this strategy accounted for ~45% of the total number of strategic developments undertaken by key players in this market.

Related Reports:

Cartilage Repair/ Cartilage Regeneration Market by Treatment modalities (Chondrocyte Transplantation, Growth Factor Technology, Tissue Scaffolds, Cell-free composites), Application (Hyaline Cartilage, Fibrocartilage), Region - Forecast to 2021

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Report Code
BT 4781
Published ON
Nov, 2016
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