Home Merger Between Wright And Tornier Resulted In Increased Profits

Merger Between Wright And Tornier Resulted In Increased Profits

Press Release: February 05, 2019

The minor orthopedic implants replacement market size is expected to grow around $2 billion by 2022 growing at more than 5% compound annual growth rate (CAGR). The growth in the minor orthopedic implants replacement market is mainly due to rising incidence of arthritis among elderly population, growing awareness towards replacement surgery and utilization of advanced materials such as cobalt, chromium and titanium for implant manufacturing.

Major trends in the minor orthopedic devices market include growing investments by major orthopedic implant manufacturing companies in emerging economies such as Brazil, India and China, increasing use of reverse shoulder arthroplasty and rising awareness for minor joint procedures among customers.

Download Sample Report On Minor Orthopedic Implants Replacement Market At

Wright Medical group strategy is to completely focus in high growth extremities and biologic market through innovative products and technologies. To focus exclusively on extremities and biologic market, Wright had divested its large joint (hip/knee) business to Corin Orthopaedics Holdings Limited. Further Wright Medical group in 2017, acquired IMASCAP SAS, which develops software-based solutions for preoperative planning of shoulder replacement surgery

Wright Medical group had net revenues of $317.1 million from the minor orthopaedic implants segment for the financial year 2016, a 70% increase from the previous year, mainly due to the impact of the Wright/Tornier merger. Wright Medical group had a market capitalization of $ 2.4 billion as of January 2018.

Order Minor Orthopedic Implants Replacement Market Report At

About The Business Research Company

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information.

The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]
Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company

Notes to editors

For more information, please contact:

Visit the newsroom of: praneethtbrc