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LISI 2015
2015 highlights
Concentration
Harnessing the new deal
Themarkets for bone surgeryhave experienced, like last year, veryheterogeneous
growth, with rising levels ranging, according to the relevant universe from
3% to over 10%. Being mature, the market for bone joint reconstruction (hips,
knees) increased at the mercy of developments among an aging population.
Obesity also plays an important role in the developed countries. The increase
in living standards in the emerging countries (China, India) finally constitutes
an important growth factor.
Mass destocking in US markets
Themarkets concerned by the spine and traumatology have also benefited from
themassive destocking carried out in 2014 by themajor customers in the US. The
latter have indeed anticipated the establishment of the Excise Tax on inventories
of implants manufactured by the OEMs, intended to finance the health reform
in the US (Obama Care). Themarkets for extremity implants (shoulders, hands),
have also experienced high levels of growth in 2015, with rebounds greater than
10%. These increases are related to the progress in operating techniques and to
the emergence of new implantation solutions.
An active year in Mergers & Acquisitions
The year 2015 also sawa strong recovery inmergers and acquisitions transactions
in the OEM sectors and in subcontracting in bone surgery. The number one
worldwide, Zimmer has bought its competitor Biomet, among the top 5
worldwide; Wright Medical acquired the Tornier Company and Tecomet finally
got its hands on the orthopedic branch of Symmetry Medical, becoming the
leading subcontractor on the market. These reconciliations have led to some
rationalizations of the ranges and increases in volumes that are favorable to
the market. The players are continuing their restructuring in order to support,
both upstream and downstream, a dynamic market in full reconfiguration. A
favorable environment for LISI MEDICAL, which subcontracts implants for the
entire human body.
The markets for bone surgery have remained dynamic
in 2015. Driven in the US by a strong destocking movement,
they also benefited from the concentration movement
that the sector is experiencing and that is causing
a reconfiguration of supplies and ranges.
LISI MEDICAL
+10
%
growth on average
of the markets for
extremities implants
in 2015
+
4
1
%
sales growth
for LISI MEDICAL
in the United States
LISI MEDICAL Fasteners Neyron