• Market Insights

Orthopaedic Implants Sector Snapshot

We are pleased to share our findings on the Orhopaedic Implants sector.

It comprises manufacturers of a broad range of medical devices used to replace or support damaged bones, joints, and soft tissues and which are used in surgical interventions for musculoskeletal conditions. Hospitals, specialty orthopaedic clinics, and ambulatory surgical centres need a complete solution, including:

  • The implants, e.g. hip and knee joint replacements, trauma plates, screws and rods, intervertebral discs and fusion devices for spine, bone grafts

  • Specialized surgical instruments for implant installation

  • Software for planning and performing surgeries

The global Orthopaedic Implant market is valued at USD 47.4 bn in 2024, and is projected to reach USD 72 bn by 2032, growing at a CAGR of 5.3%. The factors driving the growth include:

  • aging population

  • improved access to healthcare

  • technological advancements

  • growing adoption in minimally invasive procedures

There is substantial ongoing M&A activity in the sector, and we observe the following factors influencing the scene:

  • Non-organic innovation, aiming at companies with differentiated, protected solutions that offer improvements in safety, efficiency, best-in-class outcomes. These may include new materials, such as biocompatible & resorbable materials or antibiotic coatings, 3D Printing for patient-specific implants and porous structures to improve bone ingrowth, smart and sensor-enabled implants

  • Consolidation of contract manufacturers, aiming to provide OEMs with a one-stop shop to handle overall supply chain, from earlier-stage design and development to post-market regulatory assistance

  • Commoditization of orthopaedic implants with increasing focus on cost-efficiency

  • Continued interest of private equity in the sector, pursuing opportunities created by sector transformation and consolidation

Interested in talking more about the sector or specific transaction opportunities? Get in touch with us!

Link zum Sector Snapshot (EN)

Christian Berkhoff

Managing Partner/Co-Founder

Christian Berkhoff is Managing Partner at ARGONAS und has more than 20 years of experience in Corporate Finance Advisory und Investment Banking. 

At ARGONAS, Christian leads M&A and financing projects across a broad spectrum of industries, sectors and company situations. Christian’s focus areas are businesses in the Industrial & Automotive and Business Services space as well as complex financing solutions and M&A situations. 

Selected transaction references comprise inter alia the sale of the Siemens subsidiary Symeo to US-listed Analog Devices, the sale of Tecno Plast to Swedish Indutrade Group in the context of a succession solution, the carve-out and sale of a business segment for the international Auria Solutions Group as well as multiple financing and M&A projects for Feuer powertrain. 

Prior to co-founding ARGONAS, Christian inter alia worked for J.P. Morgan in London and Dresdner Kleinwort Wasserstein in Frankfurt, where he predominantly advised multinational corporations and large midmarket companies on structured debt and hybrid capital solutions.

Christian holds a degree in business administration from Goethe-University Frankfurt and a Masters in Finance degree from London Business School.

 

 

Egor Kapustin

EXECUTIVE DIRECTOR

Egor Kapustin, CFA is Executive Director at ARGONAS and has more than 15 years of experience in Corporate Finance and Investment Banking.

At ARGONAS, Egor leads and supports M&A and financing projects across a wide range of industries, sectors and company situations. Egor’s focus areas include Industrial, Deep Tech, Healthcare and Fintech.

Before joining ARGONAS, Egor worked at UniCredit Bank in Moscow, where he advised companies from Germany, Russia and Turkey on cross-border and domestic M&A transactions. Egor previously also worked at UBS, Renaissance Capital and PwC.

Egor is a CFA® charterholder, he holds a Specialist degree in Economics from Plekhanov Russian Academy of Economics.