Albany, NY -- (SBWIRE) -- 08/10/2016 -- The global market for small bone and joint orthopedic devices is largely consolidated, limiting the competition between Depuy Synthes, Wright Medical Group, and Zimmer Biomet Holdings Inc., the top three manufacturers of small bone and joint orthopedic devices across the world, finds Transparency Market Research (TMR) in a recent report. According to TMR, in 2014, these players collectively occupied a share of more than 70% in the overall market. Their wide-ranging product portfolios have helped them immensely in gaining a strong foothold in this market.
Going forward, TMR recommends these manufacturers to focus on increasing research and development activities to introduce innovative and highly advanced products at minimal costs in order to gain a competitive edge.
