LISI GROUP - 2016 Activity report

38 I

LISI 2016 ANNUAL REPORT

Taking part

in sector consolidation

till dynamic, themarkets for bone surgery – supported

by continued progress in operating techniques –

experienced relatively high levels of growth this year.

LISI MEDICAL’s core activity – orthopaedic medical

equipment – joint reconstruction, end of spine –

does not escape the rule with a rise of around 4% over 12 months

for all joints combined. Progress in reconstructive surgery, the

appearance of new implant solutions and the extension of lifetime

represent active and durable growth factors.

World calls for tenders

At work for several years, the trend for concentration that affects

the sector continued in 2016. Transactions – sometimes large –

have concerned the major players on the market. These mergers,

which have accompanied the rapid growth of the market, have

had repercussions at subcontracting level. In particular by virtue

of the generalization of global calls for tenders relating to very

large series – and for which LISI MEDICAL must

be able to tender and gain visibility in the

(much broader) area of medical equipment.

The concentration continued in 2016 for bone surgery and more generally medical

equipment. The buyout of REMMELE Medical Operations enables LISI MEDICAL

to reach critical mass and acquire strong positions on growing market segments.

MARKETS & CHALLENGES

LISI MEDICAL

Profiting from growing markets

This latter field of activities, covering highly diverse fields such as

cardiovascular surgery, neurosurgery, visceral surgery, thoracic

surgery and urology is undergoing strong expansion today. The

acquisition of REMMELE Medical Operations in the US (read

page 40) is just part of this LISI MEDICAL expansion strategy. This

buyout, which makes it possible for the division to double its sales

revenue and gain visibility, also provides an opportunity to enter

the market of minimally invasive surgery (MIS). This specialty –

increasingly present in operating theaters – covers a number of

different surgical fields and represents a tremendous lever for

growth on the new medical markets that are growing strongly.

PROGRESS ON THE MARKET

FOR ORTHOPAEDIC MEDICAL

EQUIPMENT IN 2016