Global orthopedic contract manufacturing market: 11% CAGR growth between 2012-2016
Global Orthopedic Contract Manufacturing Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-29 03:36:02
The Global Orthopedic Contract Manufacturing market is to grow at a CAGR of 11.05 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to optimize resources. The Global Orthopedic Contract Manufacturing market has also been witnessing an increasing number of mergers and acquisitions. However, increasing threat of in-house manufacturing could pose a challenge to the growth of this market.
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.
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.
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 key vendors dominating this space Greatbatch Inc., Orchid Orthopaedic Solutions LLC, Paragon Medical Inc., Symmetry Medical Inc., and Tecomet Inc. The other vendors mentioned in the report are Bradshaw Medical Inc., In´Tech Medical S.A.S, and RTI International Metals Inc.
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