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For the first time in 2011, LISI MEDICAL contributed
independently to the Group’s business activity and results as a
division. A subcontractor for medical implants and instruments
(ancillary) for the treatment of bone diseases, LISI MEDICAL
designs, manufactures and packages machined products
in titanium, cobalt chrome, stainless steel and/or very high
technology injected plastic. The division’s major customers
specialize in the design and marketing of implants used in
rebuilding joints (hips, knees, shoulders), the craniomaxillofacial
area, dentistry (dental implants), the extremities (hands and feet),
the spine, and in traumatic surgery in the broadest sense.
The worldwide bone surgery market within which LISI MEDICAL
is developing, recorded 4% growth in 2011, at $22.4 billion. This
relative dynamism is based on three main structural factors:
global population growth, lengthening of life expectancy, and the
desire of people in the major, developed markets to maintain as
high a quality of life for as long as possible.
Contrasted developments depending
on the segments
While this development remains positive, and probably well
oriented in the long term, it nevertheless remains contrasted
between segments. The reconstruction market – the most
mature – grows at a consistent pace of 1 to 2% in terms of value.
The segment of dental implants, by contrast, has tended to
stagnate in recent years. Treated as an elective surgery, strongly
linked to the erosion of the purchasing power, it is impacted by
the economic slowdown affecting the major Western countries
hit by the crisis.
The growth in value of the segment of products for the spine
was also smaller than in previous years. Policies to cut health
spending, initiated by Western countries to lower the thresholds
Meeting the
complexity of the
healthcare markets
LISI MEDICAL continues to benefit
from the outsourcing movement
conducted by the industry’s major
distributors.
The trend, favorable to
LISI MEDICAL’s integrated model,
now comes along with greater
demand in terms of service.
MEDICAL