TechNavio recognizes the following companies as the key players in the Global Orthopedic Contract Manufacturing Market: Bradshaw Medical Inc., Greatbatch Inc., In’Tech Medical S.A.S., Orchid Orthopedic Solutions LLC, Paragon Medical Inc., RTI International Metals Inc., Symmetry Medical Inc., and Tecomet Inc.
Commenting on the report, an analyst from TechNavio’s team said: “Many major vendors and emerging contenders in the Global Orthopedic Contract Manufacturing market are looking for mergers and acquisitions to enhance their market presence. In addition, OEMs are expected to create alliances with regional, small, and large orthopedic contract manufacturers. Mergers and acquisitions help vendors survive in this competitive market, and the consolidation among the vendors in the market is expected to play a major role in the coming years. For instance, in February 2012, Greatbatch Medical acquired NeuroNexus Technologies Inc., a dynamic neurotechnology company. Additionally, in December 2011, the company acquired Micro Power Electronics Inc. Tecomet acquired Teleflex Medical’s OEM orthopedic business in August 2012.”
According to the report, the need to optimize resources is one of the major drivers in the market. The OEMs outsource their manufacturing so that they can focus on and improve their core production and business processes such as product development and R&D.
Further, the report states that the increased threat from in-house manufacturing is one of the major challenges in the market. Some OEMs have begun manufacturing in-house to differentiate their products from those of other OEMs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-orthopedic-contract-manufacturin…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Orthopedic Contract Manufacturing Market 2012-2016
