• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Opinions
    • Top 30
    • Research
    • Supply Chain
    • Device Sectors
    • Directory
    • Events
    • Resources
    • Microsites
    • More
  • Magazine
  • News
  • Opinions
  • Top 30
  • Research
  • Supply Chain
  • Device Sectors
  • Directory
  • Events
  • Resources
  • Microsites
  • Current / Back Issues
    Features
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Reprints
    Subscribe Now
    Advertise Now
    Top Features
    Parylene Coatings for Medical Device Technologies

    The Big Shift: Nearshoring Trends in Medtech Manufacturing

    OEMs Seek Molders Offering Timely Techniques

    Robotic Surgery: Cutting Through to the Latest

    Packaging, Sterilization Considerations Go Part and Parcel with Product Development
    OEM News
    Supplier News
    Service / Press Releases
    Online Exclusives
    Press Releases
    People in the News
    Product & Service Releases
    Supplier News
    Medtech Makers
    Technical Features
    International News
    Videos
    Product & Service Releases
    Live From Shows
    Regulatory
    Financial/Business
    Top News
    BD Recalls Intraosseous Products Over Multiple Issues

    Rapid Medical Expands U.S. Portfolio

    MMS Holdings Partners With Lindsay Goldberg

    ENDRA Life Sciences Issued 28th Patent

    Levita Magnetics Closes $26M Series C
    From the Editor
    Blogs
    Guest Opinions
    Top Opinions
    Parylene Coatings for Medical Device Technologies

    The Big Shift: Nearshoring Trends in Medtech Manufacturing

    OEMs Seek Molders Offering Timely Techniques

    Robotic Surgery: Cutting Through to the Latest

    Packaging, Sterilization Considerations Go Part and Parcel with Product Development
    Top 30 Medical Device Companies
    Market Data
    White Papers
    Top Research
    Cooling and Melting the Pain Away

    What Are the Fundamentals of Go-To-Market Strategy in Medical Devices?

    Minding the Gap: How Harmonizing Quality Systems Pays Off

    Building Strong Partnerships Between Medtech and Surgeon-Learning Platforms

    Four Key Considerations for OEMs Transferring a Product Program
    3D/Additive Manufacturing
    Contract Manufacturing
    Electronics
    Machining & Laser Processing
    Materials
    Molding
    Packaging & Sterilization
    R&D & Design
    Software & IT
    Testing
    Tubing & Extrusion
    Cardiovascular
    Diagnostics
    Digital Health
    Neurological
    Patient Monitoring
    Surgical
    Orthopedics
    All Companies
    Categories
    Company Capabilities
    Add New Company
    Outsourcing Directory
    Cirtec Medical

    Fusion Biotec Inc.

    Xact Wire EDM Corp.

    JBC Technologies

    Trademark Plastics Inc.
    MPO Summit
    Industry Events
    Webinars
    Live From Show Event
    Industry Associations
    Videos
    Career Central
    eBook
    Slideshows
    Top Resources
    Medical Computing: COM Express Processes Real-Time Data at the Edge

    The Importance of Building Successful Supplier Relationships

    The Benefits of Outsourcing Innovation in Medtech Manufacturing

    Patching Healthcare Cybersecurity Risks in the Internet of Medical Things

    Leveraging Open Healthcare Data Standards to Improve Medical Device Manufacturing
    Companies
    News Releases
    Product Releases
    Press Releases
    Product Spec Sheets
    Service Releases
    Case Studies
    White Papers
    Brochures
    Videos
    Outsourcing Directory
    Cirtec Medical

    Fusion Biotec Inc.

    Xact Wire EDM Corp.

    JBC Technologies

    Trademark Plastics Inc.
    • Magazine
      • Current/Back Issues
      • Features
      • Editorial
      • Columns
      • Digital Editions
      • Subscribe Now
      • Advertise Now
    • News
    • Directory
      • All Companies
      • ALL CATEGORIES
      • Industry Associations
      • Company Capabilities
      • Add Your Company
    • Supply Chain
      • 3D/Additive Manufacturing
      • Contract Manufacturing
      • Electronics
      • Machining & Laser Processing
      • Materials
      • Molding
      • Packaging & Sterilization
      • R&D & Design
      • Software & IT
      • Testing
      • Tubing & Extrusion
    • Device Sectors
      • Cardiovascular
      • Diagnostics
      • Digital Health
      • Neurological
      • Patient Monitoring
      • Surgical
      • Orthopedics
    • Top 30 Company Report
    • Expert Insights
    • Slideshows
    • Videos
    • eBook
    • Resources
    • Podcasts
    • Infographics
    • Whitepapers
    • Research
      • White Papers
      • Case Studies
      • Product Spec Sheets
      • Market Data
    • MPO Summit
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Microsite
      • Companies
      • Product Releases
      • Product Spec Sheets
      • Services
      • White Papers / Tech Papers
      • Press Releases
      • Videos
      • Literature / Brochures
      • Case Studies
    • About Us
      • About Us
      • Contact Us
      • Advertise with Us
      • eNewsletter Archive
      • Privacy Policy
      • Terms of Use
    Top30

    20. Smith & Nephew

    ...

    20. Smith & Nephew
    Related CONTENT
    • Accu-Tube Appoints Matthew Haddle as CEO
    • Minnesota Rubber and Plastics Announces New Innovation Center
    • HIMSS 2021: Siemens Healthineers Showcases Medicalis Patient Self-Scheduling
    • Study: Human Oversight ECG Monitors Outperform AI-Dependent Monitoring
    • Confluent Medical Expanding Costa Rica Manufacturing Facility
    07.19.16
    $4.7 Billion

    KEY EXECUTIVES:
    Olivier Bohuon, CEO
    Roberto Quarta, Chairman of the Board
    Julie Brown, Chief Financial Officer
    Rodrigo Bianchi, President, Asia Pacific and Emerging Markets
    Michael Frazzette, Chief Commercial Officer
    Diogo Moreira-Rato, President, Europe and Canada
    Cyrille Petit, Chief Corporate Development Officer and President, Global Business Services
    Matthew Stober, President, Global Operations
    Glenn Warner, President, U.S.

    NUMBER OF EMPLOYEES: 15,644

    GLOBAL HEADQUARTERS: London, United Kingdom

    As an encore to the company’s purchase of ArthroCare in 2014, Smith & Nephew plc announced in October 2015 that it was acquiring Blue Belt Technologies for $275 million. This investment thrust Smith & Nephew into the business of next-generation robotics-assisted technologies that would further expand the company’s breadth of orthopedic surgical innovations.

    The primary technology windfall for Smith & Nephew was Blue Belt Technologies’ Navio surgical system, which offers robotics-assistance in unicondylar or partial knee replacement surgery. The system features computed tomography-free navigation software and a unique hand-held, robotic bone-shaping device. It can also be easily moved throughout a hospital as it was developed to be a portable solution.

    In its rationale for the acquisition, Smith & Nephew representatives cited several reasons for the transaction:
    • It creates a strong combined partial knee portfolio from which to accelerate growth in the attractive area of partial knee replacement surgery.
    • Significant further upside anticipated from a range of new product launches that will expand Navio into indications beyond partial knees.
    • Additional opportunities from using Smith & Nephew’s global commercial infrastructure to widen adoption of robotics-assisted technology outside of the United States.
    At the time of the announcement, CEO Olivier Bohuon said, “This acquisition is a compelling strategic move, with the combination of complementary products and R&D programs creating a platform from which we can shape this exciting new area of surgery. It reinforces our distinctive orthopedic reconstruction strategy, which combines cutting edge innovation, disruptive business models, and a strong emerging markets platform to drive outperformance.”

    The company demonstrated that focus on emerging markets two more times during 2015. First, in March, Smith & Nephew announced the acquisition of a Colombian distributor, EuroCiencia Colombia. The firm had been the sole distribution channel in the country for Smith & Nephew since 2006. The move reflected similar transactions made by Smith & Nephew in emerging regions such as Turkey and Brazil in 2013.

    Later in the year, Smith & Nephew bought the trauma and orthopedics business of DeOst LLC, as well as DC LLC, a manufacturing company in the DeOst group. The firm had been a distributor of Smith & Nephew’s products in Russia since 2009. In a July press release announcing the transaction, Bohuon said the company made the acquisition to better support its Russian customers. Financial terms of the deal were not disclosed.

    These moves mirror statements made by Roberto Quarta, chairman of the board, in his overview statement, “We have continued to pursue the same strategy as in previous years, building a strong position in Established Markets, focusing on Emerging Markets, innovating for value, simplifying and improving our operating model, and supplementing organic growth with acquisitions.”

    Financial Performance
    Smith & Nephew reported $4.63 billion in sales in 2015, a slight increase over 2014. Looking closer at the numbers from the company, $715 million (15 percent, an increase of 11 percent over 2014) of its total revenue was credited as coming from the aforementioned emerging markets (China, Asia, India, Russia, Middle East, Africa, and Latin America). The United States, its largest market, contributed $2.21 billion, while other established markets (Australia, Canada, Europe, Japan, and New Zealand) provided $1.7 billion in revenue. Combined, the established markets saw a 3 percent increase over 2014 (individually, the United States boasted 5 percent growth).

    While the company seeks to devote approximately 5 percent to its research and development expenditure each year, 2015’s final number was slightly off from that at 4.8 percent. That figure still reflects a healthy $222 million investment, but still fell short of its numbers in 2014 and 2013.

    In terms of individual product group revenues, the company saw moderate fluctuation compared to 2014’s numbers (after adjusting for the effects of currency translation and the inclusion of the comparative impact of acquisitions and exclusion of disposals) with a few favorable increases. Knee implants provided $883 million in revenue, a 5 percent increase. The company’s Journey II Total Knee System along with a strong marketing campaign for its Verilast technology drove the growth, primarily localized in the United States. Also up over the prior year, sports medicine joint repair provided $606 million in revenue, reflecting a 7 percent increase. The growth was largely due to the enhanced portfolio as a result of the ArthroCare purchase in that prior year.

    Also seeing gains, the trauma and extremities ($497 million in revenue; 2 percent increase), advanced wound bioactives ($344 million in revenue; 7 percent increase), advanced wound care ($755 million in revenue; 8 percent increase), and other surgical business ($205 million in revenue; 10 percent increase) were all up over 2014. These positives were the result of a combination of factors including continued success among proven product brands, expansion of offerings from the ArthroCare acquisition, and new product releases (several of which are featured in the next section).

    Not all divisions, however, enjoyed gains. If it wasn’t for the voluntary removal of certain sizes of its Birmingham Hip resurfacing System, the company’s hip implants division would have seen a 1 percent increase. As a result, however, it was flat with $604 million in revenue. Similarly flat over 2014 was arthroscopic enabling technologies ($573 million in revenue), but continued trends in minimally invasive surgical procedures should see growth in this area. The only product division to see a decrease was advanced wound devices, which saw a 3 percent drop ($167 million in revenue). Challenges in the distribution of the Renasys system negatively impacted the overall results for this area.

    New Technologies
    While a company’s mature product lines are what keep the lights on today, the new innovations it launches to the industry are what will keep those lights bright in the years to come. With this in mind, Smith & Nephew made several new product announcements in 2015 that will do just that. Growing its orthopedic device portfolio to address needs in both its established and emerging markets continues to be an obvious priority for the firm. Following are some of the new product highlights that were launched in 2015.
    • Addressing needs for rotator cuff and labrum repair where anatomic space is limited, the Q-Fix All-Suture Anchor was announced. Repeatable, consistent performance in the expanding anchor and its indication for deployment in tight spaces should help this product to become a long-term success for the company.
    • Suturefix offered surgeons an ultra-soft suture anchor for hip and shoulder labral repair. “When the design team started working on this anchor, surgeons were very clear with what they wanted—a small, soft anchor that is easy to deploy and delivers excellent fixation in a variety of bone qualities,” said Scott Schaffner, vice president of the Global Sports Medicine Franchise.
    • At the Orthopaedic Trauma Association’s annual meeting in San Diego, Calif., Smith & Nephew announced the launch of its Trigen Meta-Tan, representing an expansion of the company’s femoral nail portfolio. The product’s design enables it to be used to address a number of femoral fractures, from specific hip fractures to mid-shaft fractures and fractures near the knee.
    • Following the medical device industry trend toward resorbable technologies, the Nasastent Dissolvable Nasal Dressing was launched. Following sinus surgery, this device—made from a plant-based material—is used to minimize bleeding and prevent post-op adhesions. Unlike other dressing alternatives, this product does not need to be removed by a physician after breaking down. Instead, it converts into a gel after absorbing sufficient nasal fluid and drains with the natural outflow.
    In addition to its own new product innovation announcements, Smith & Nephew acquired the Zimmer Unicompartmental High Flex Knee (ZUK) system in the U.S. market. The deal was related to the merger between Zimmer and Biomet and provided a clinical proven system for knee replacements that grew Smith & Nephew’s offerings in that space. While financial terms were not disclosed, all existing inventory and certain intellectual property were involved in the transaction.

    Further expanding its overall offerings, in July, Smith & Nephew announced a distribution agreement with Scopis GmbH, a German developer and manufacturer of surgical navigation systems. The arrangement made Smith & Nephew the exclusive provider of the Scopis TGS Target Guided Surgery system for ENT procedures in the United Kingdom, Ireland, and Belgium. According to Scopis, the system is a “next-generation” solution for navigated functional endoscopic sinus surgery that offers surgeons highly advanced image guidance and visualization capabilities in a single system.
    Related Searches
    • navio
    • acquisition
    • research
    • surgery
    Related Knowledge Center
    • Contract Manufacturing
    • Software & IT
    • R&D & Design
    Suggested For You
    Accu-Tube Appoints Matthew Haddle as CEO Accu-Tube Appoints Matthew Haddle as CEO
    Minnesota Rubber and Plastics Announces New Innovation Center Minnesota Rubber and Plastics Announces New Innovation Center
    HIMSS 2021: Siemens Healthineers Showcases Medicalis Patient Self-Scheduling HIMSS 2021: Siemens Healthineers Showcases Medicalis Patient Self-Scheduling
    Study: Human Oversight ECG Monitors Outperform AI-Dependent Monitoring Study: Human Oversight ECG Monitors Outperform AI-Dependent Monitoring
    Confluent Medical Expanding Costa Rica Manufacturing Facility Confluent Medical Expanding Costa Rica Manufacturing Facility
    Metal Injection Molding and Metal 3D Printing Examination Metal Injection Molding and Metal 3D Printing Examination
    New miniature drives for medical robots and multi-axis systems New miniature drives for medical robots and multi-axis systems
    Now available: new DRIVEN magazine and maxon’s product catalog Now available: new DRIVEN magazine and maxon’s product catalog
    Kerecis Introduces Fish Skin Product for Healing Burns Kerecis Introduces Fish Skin Product for Healing Burns
    Aspen Surgical Buys Stork Labor and Delivery Products Aspen Surgical Buys Stork Labor and Delivery Products
    Qosina Expands Class VI Tubing Portfolio for Single-Use Medical Device and Bioprocess Applications Qosina Expands Class VI Tubing Portfolio for Single-Use Medical Device and Bioprocess Applications
    BioBeat Rolls Out Wearable Continuous Ambulatory Blood Pressure Monitoring Device BioBeat Rolls Out Wearable Continuous Ambulatory Blood Pressure Monitoring Device
    Four Considerations for Manufacturers When Applying Digitization Four Considerations for Manufacturers When Applying Digitization
    Leveraging Your Outsourcing Relationship for Success—A Medtech Makers Q&A Leveraging Your Outsourcing Relationship for Success—A Medtech Makers Q&A
    NeuroLogica Debuts Next-Generation SmartMSU with OmniTom Elite NeuroLogica Debuts Next-Generation SmartMSU with OmniTom Elite

    Related Breaking News

    • Tubing & Extrusion
      Accu-Tube Appoints Matthew Haddle as CEO

      Accu-Tube Appoints Matthew Haddle as CEO

      Haddle has a track record of leading organizations through strategic expansions across the medical device, aerospace, and industrial sectors.
      Accu-Tube 09.22.21

    • Minnesota Rubber and Plastics Announces New Innovation Center

      Minnesota Rubber and Plastics Announces New Innovation Center

      Will offer customers an engineer-to-engineer collaboration experience designed to improve product performance and enhance speed-to-market.
      Minnesota Rubber and Plastics 08.13.21

    • Diagnostics
      HIMSS 2021: Siemens Healthineers Showcases Medicalis Patient Self-Scheduling

      HIMSS 2021: Siemens Healthineers Showcases Medicalis Patient Self-Scheduling

      Enables patients to schedule their own imaging exams based on the time and location that is most convenient to them.
      Siemens Healthineers 08.10.21


    • Cardiovascular
      Study: Human Oversight ECG Monitors Outperform AI-Dependent Monitoring

      Study: Human Oversight ECG Monitors Outperform AI-Dependent Monitoring

      Results show ECG monitor is over 200 percent more effective in detecting arrhythmias.
      Heart Rhythm Society 08.05.21

    • Confluent Medical Expanding Costa Rica Manufacturing Facility

      Confluent Medical Expanding Costa Rica Manufacturing Facility

      Company is adding capacity for nitinol processing and catheter manufacturing.
      Business Wire 07.29.21

    Loading, Please Wait..

    Trending
    • Cardinal Health CEO Mike Kaufmann Steps Down
    • Medidata Unveils New Tech To Improve Clinical Trial Oversight
    • How To Overcome The Top 6 Medical Device Manufacturing Challenges
    • TruArc Expands Medical Portfolio With Acquisition Of Molded Devices Inc.
    • Chronic, Infectious Disease Prevalence To Benefit Vital Signs Monitoring Market
    Breaking News
    • BD Recalls Intraosseous Products Over Multiple Issues
    • Rapid Medical Expands U.S. Portfolio
    • MMS Holdings Partners With Lindsay Goldberg
    • ENDRA Life Sciences Issued 28th Patent
    • Levita Magnetics Closes $26M Series C
    View Breaking News >
    CURRENT ISSUE

    July/August 2022

    • Parylene Coatings for Medical Device Technologies
    • Nearshoring Trends in Medtech Manufacturing
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Charlotte’s Web Sports Product Line to Undergo NSF Certification Process
    ADM and Benson Hill Partner to Scale High Protein Soy for U.S. Market
    Tazo Transitions to Regenerative Organic Agriculture
    Coatings World

    Latest Breaking News From Coatings World

    Valspar Reveals Fresh Lineup of New Shades in 2023 Colors of the Year
    Evonik Grows Strongly in 1H 2022
    PPG Chairman and CEO Joins Disability:IN Effort to Advance Disability Inclusion
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    BD Recalls Intraosseous Products Over Multiple Issues
    Rapid Medical Expands U.S. Portfolio
    MMS Holdings Partners With Lindsay Goldberg
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Almac Invests $65M to Expand North American HQ
    Pace Appoints Nisheet Gupta as EVP and Chief Financial Officer
    West Pharmaceutical Makes Strategic Investment in Latch Medical
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Arkay Chairman Emeritus Howard Kaneff Has Died
    Nutricosmetics Market to Hit $13.7 Billion by 2030
    Estée Lauder Pledges 100% Electric Fleet of Vehicles by 2030
    Happi

    Latest Breaking News From Happi

    Murad Unveils Supplement Product Lineup to Combat Acne, Aging
    R+Co Launches New Hairstyling Products
    Clinique Launches Pop Plush Creamy Gloss in its Iconic Black Honey Hue
    Ink World

    Latest Breaking News From Ink World

    Evonik Enjoys 31% Growth in 1H 2022
    Sun Chemical Returns to Labelexpo Americas 2022
    DIC Reports Consolidated Financial Results 1H 2022
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Hybrid Software joins The Flexo Xperience Center
    Flexo Wash LLC and Mike Potter celebrate 20 years
    Colordyne hosts open house featuring hybrid print technology
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Focke & Co. to Host Destination: Your Hygiene Hub on August 31
    Exports Dominate Chinese Trade of Tissues, Hygiene Products and Wipes
    Freudenberg to Present Friction Inserts for Wind Energy
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Study Results Released for Abbott's Concussion Blood Test
    Bone Growth Stimulators Market to Top $3B by 2030
    Surgalign, RTI Settle Lawsuit Over OEM Biz Sale
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Zebra Technologies’ Emission Reduction Targets Validated by SBTi
    Identiv Delivers Impressive 41% Year-over-Year Growth in RFID Business
    Stratasys Signs Agreement to Acquire Covestro’s Additive Manufacturing Materials Business

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login