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An article on our latest research regarding the European orthopedic Small Bone and Joint market was recently published on Med Device Online written by iData Research Analyst Steven Zhu, and CEO Kamran Zamanian. Steven was the lead researcher for the report on European Markets for Small Bone & Joint Orthopedic Devices. He is currently conducting research on the U.S. market for hip and knee reconstruction implants.
Significant growth in unit sales of key segments is counteracting across-the-board price cuts that are caused by competition and tendering processes in many EU countries. These price declines are causing many niche markets in extremity reconstruction to shrink, despite otherwise stable unit sales.
The overall competitive landscape for small bone and joint devices in Europe has been transformed by two significant mergers of large multinational companies: Biomet Inc., which received the DePuy trauma line as part of the DePuy Synthes merger, was merged with Zimmer for about $13.4 billion in cash and stock on June 23, 2015 to form Zimmer Biomet Holdings Inc. Wright and Tornier, with 2013 revenues of $242 million and $311 million, respectively, will combine to create Wright Medical Group N.V., valued at $3.3 billion. The full transaction, pending regulatory approval, is expected to occur in late 2015 and will be fully dedicated to both the upper and lower extremities.
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