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Wright Medical Group N V's Business Segments
Wright Medical Group N V's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q3 FY2020
Reportable Segments
3
Largest Segment
Upper Extremities
Total Revenue
$ 223
Regions Reported
1
Revenue Share by Reportable Segment - Q3 FY2020
- Upper Extremities39.7%
- Lower Extremities Biologics29.8%
- Extremities Biologics9.9%
Revenue by Reportable Segment - Q3 FY2020
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Upper Extremities | $ 89 | 39.7% |
| Lower Extremities Biologics | $ 66 | 29.8% |
| Extremities Biologics | $ 22 | 9.9% |
Revenue Share by Region - Q3 FY2020
- EMEA14.1%
Revenue by Geographic Region - Q3 FY2020
| Region | Revenue (Millions) | % of Total |
|---|---|---|
| EMEA | $ 32 | 14.1% |
Revenue by Product & Service Category - Q3 FY2020
- Sports Med and Other0.8%
Revenue by Product & Service Category - Q3 FY2020
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Sports Med and Other | $ 2 | 0.8% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Wright Medical Group N V
Wright Medical Group N.V.
is a global medical device company that specializes in orthopedic products for the treatment of musculoskeletal conditions.
The company has its headquarters in Amsterdam, Netherlands, and has operations in various parts of the world.
The company designs, manufactures, and markets medical devices for joint replacement and sports medicine applications.
These devices include implants, instruments, and surgical solutions for knee, hip, shoulder, and ankle surgeries.
Wright Medical Group N.V.
is also known for its biological solutions for orthopedic procedures, such as bone grafts, tissue repair, and collagen matrix products.
Wright Medical Group N.V.
was founded in 1950 and has grown through various mergers and acquisitions over the years.
The company has a strong commitment to innovation and research and development, and has collaborations with academic institutions and healthcare professionals to advance orthopedic healthcare.
The company has faced legal challenges in the past related to its metal-on-metal hip implants, which were recalled due to high rates of failure and complications.
Wright Medical Group N.V.
has since redesigned its hip implants to reflect new technologies and improved safety standards.
In 2020, the company became a subsidiary of Stryker Corporation, a leading medical technology company, which acquired Wright Medical Group N.V.
for approximately $5.4 billion.
This acquisition has expanded Stryker's portfolio of orthopedic medical devices and furthered the company's global reach.
is a global medical device company that specializes in orthopedic products for the treatment of musculoskeletal conditions.
The company has its headquarters in Amsterdam, Netherlands, and has operations in various parts of the world.
The company designs, manufactures, and markets medical devices for joint replacement and sports medicine applications.
These devices include implants, instruments, and surgical solutions for knee, hip, shoulder, and ankle surgeries.
Wright Medical Group N.V.
is also known for its biological solutions for orthopedic procedures, such as bone grafts, tissue repair, and collagen matrix products.
Wright Medical Group N.V.
was founded in 1950 and has grown through various mergers and acquisitions over the years.
The company has a strong commitment to innovation and research and development, and has collaborations with academic institutions and healthcare professionals to advance orthopedic healthcare.
The company has faced legal challenges in the past related to its metal-on-metal hip implants, which were recalled due to high rates of failure and complications.
Wright Medical Group N.V.
has since redesigned its hip implants to reflect new technologies and improved safety standards.
In 2020, the company became a subsidiary of Stryker Corporation, a leading medical technology company, which acquired Wright Medical Group N.V.
for approximately $5.4 billion.
This acquisition has expanded Stryker's portfolio of orthopedic medical devices and furthered the company's global reach.
Wright Medical Group N.V. is a renowned global medical device company that specializes in the design, manufacture, and marketing of innovative extremity and biologic solutions aimed at preventing and managing musculoskeletal disorders. The companys robust portfolio spans across various solutions specifically tailored for the upper extremities (shoulder, elbow, wrist, and hand) and lower extremities (foot and ankle). With a focus on joint reconstruction, trauma, sports medicine, and biologics, Wright Medical Group N.V. has established itself as a leader in this specialized field.
Segments
Wright Medical Group N.V. operates primarily within two main segments: Upper Extremities and Lower Extremities. Each segment is dedicated to developing and commercializing high-quality products for the treatment of musculoskeletal ailments, catering to the needs of both patients and healthcare professionals.
1. Upper Extremities
The Upper Extremities segment targets individuals dealing with pain and restricted mobility in their shoulder, elbow, wrist, and hand joints. This segment encompasses a diverse array of products including implants, instruments, and biologic materials. Key offerings in this segment include:
- Shoulder:
- Total Shoulder Arthroplasty Systems: Designed to restore the natural function of the shoulder joint.
- Reverse Shoulder Arthroplasty Systems: Specifically tailored for patients with severe rotator cuff damage.
- Humeral Heads: Components used in shoulder replacement surgeries.
- Plates and Screws: Essential hardware for stabilizing shoulder fractures.
- Elbow:
- Radial Head Replacement Systems: Used to replace the radial head, commonly affected in elbow injuries.
- Total Elbow Arthroplasty Systems: Solutions for patients with severe elbow joint degeneration.
- Elbow Fracture Fixation Systems: Instruments designed to secure fractured elbow bones for healing.
- Wrist and Hand:
- Total Wrist Arthroplasty Systems: Allow for full wrist joint replacement, restoring function and mobility.
- Wrist Fusion Systems: Used when stabilization of the wrist joint is required.
- Joint Implants for Carpometacarpal and Proximal Interphalangeal Joints: Innovative solutions for arthritis and degenerative conditions in the hand.
Lower Extremities
The Lower Extremities segment focuses on patients experiencing discomfort and mobility issues in their foot and ankle regions. The product line encompasses a variety of solutions, including:
- Foot and Ankle:
- Total Ankle Arthroplasty Systems: Allow for replacement of the ankle joint, restoring motion and alleviating pain.
- Hindfoot Fusion Systems: Designed to fuse the bones in the hindfoot for stability.
- Forefoot Reconstruction Systems: Used to address complex deformities of the forefoot.
- Ankle Arthrodesis Plates and Screws: Hardware designed for fusing the ankle joint, providing pain relief.
- Biologics:
- A significant aspect of the product offering includes biologic solutions that promote tissue healing and regeneration. The biologics portfolio features:
- Bone Graft Substitutes: Materials that support bone growth and healing.
- Cellular Allografts: Donor tissues that provide cellular support for regeneration.
- Synthetic Scaffolds: Engineered materials that facilitate cell attachment and tissue formation.
Products
Wright Medical Group N.V. provides a comprehensive and diverse collection of products devised to address a wide array of musculoskeletal disorders. These products span across various categories, including:
1. Implants
The implant segment consists of a variety of solutions including:
- Joint Replacement Systems: Devices built for replacing damaged joints and restoring mobility.
- Fracture Fixation Systems: Products designed to stabilize and promote the healing of broken bones.
- Fusion Devices: Implants employed to fuse bones together, relieving pain by limiting movement.
The materials used in these implants range from titanium and cobalt-chrome to stainless steel, chosen for their biocompatibility and durability to ensure stability and comfort for the patient.
Instruments
Wright Medical Group N.V. offers a comprehensive collection of surgical instruments that enhance the efficiency and accuracy of orthopedic procedures. These instruments are meticulously designed to streamline surgical processes and improve overall outcomes for patients.
Biologics
The company’s innovative biologics solutions, aimed at enhancing tissue repair, include:
- Bone Graft Substitutes
- Cellular Allografts
- Synthetic Scaffolds
These biologic products are increasingly utilized in orthopedic surgeries to foster recovery and enhance the effectiveness of surgical interventions.
Services
In addition to cutting-edge products, Wright Medical Group N.V. provides a variety of complementary services aimed at optimizing surgical outcomes:
1. Patient-Specific Surgical Planning
The company offers tailored surgical planning services that assist surgeons in strategizing complex orthopedic procedures. This service enhances surgical accuracy and reduces overall operating time, allowing for more efficient interventions.
Surgeon Education
With a commitment to continuous improvement, Wright Medical Group N.V. conducts educational and training programs for surgeons, ensuring they are equipped with the latest techniques and product knowledge. These programs aim to keep healthcare professionals attuned to current practices in orthopedic surgery.
Clinical Support
A dedicated clinical support team is available to healthcare providers to deliver expert product support and guidance. This service encompasses assistance during the surgical planning phase, in-theatre implementation, and follow-up care, striving to optimize patient outcomes and satisfaction.
In summary, Wright Medical Group N.V. has established a well-rounded portfolio of products and services tailored to addressing musculoskeletal disorders, positioning itself as a critical player in the global orthopedic medical device market. Through its dedicated segments and innovative offerings, the company continues to advance the standard of care for patients with extremity-related concerns.
Segments
Wright Medical Group N.V. operates primarily within two main segments: Upper Extremities and Lower Extremities. Each segment is dedicated to developing and commercializing high-quality products for the treatment of musculoskeletal ailments, catering to the needs of both patients and healthcare professionals.
1. Upper Extremities
The Upper Extremities segment targets individuals dealing with pain and restricted mobility in their shoulder, elbow, wrist, and hand joints. This segment encompasses a diverse array of products including implants, instruments, and biologic materials. Key offerings in this segment include:
- Shoulder:
- Total Shoulder Arthroplasty Systems: Designed to restore the natural function of the shoulder joint.
- Reverse Shoulder Arthroplasty Systems: Specifically tailored for patients with severe rotator cuff damage.
- Humeral Heads: Components used in shoulder replacement surgeries.
- Plates and Screws: Essential hardware for stabilizing shoulder fractures.
- Elbow:
- Radial Head Replacement Systems: Used to replace the radial head, commonly affected in elbow injuries.
- Total Elbow Arthroplasty Systems: Solutions for patients with severe elbow joint degeneration.
- Elbow Fracture Fixation Systems: Instruments designed to secure fractured elbow bones for healing.
- Wrist and Hand:
- Total Wrist Arthroplasty Systems: Allow for full wrist joint replacement, restoring function and mobility.
- Wrist Fusion Systems: Used when stabilization of the wrist joint is required.
- Joint Implants for Carpometacarpal and Proximal Interphalangeal Joints: Innovative solutions for arthritis and degenerative conditions in the hand.
Lower Extremities
The Lower Extremities segment focuses on patients experiencing discomfort and mobility issues in their foot and ankle regions. The product line encompasses a variety of solutions, including:
- Foot and Ankle:
- Total Ankle Arthroplasty Systems: Allow for replacement of the ankle joint, restoring motion and alleviating pain.
- Hindfoot Fusion Systems: Designed to fuse the bones in the hindfoot for stability.
- Forefoot Reconstruction Systems: Used to address complex deformities of the forefoot.
- Ankle Arthrodesis Plates and Screws: Hardware designed for fusing the ankle joint, providing pain relief.
- Biologics:
- A significant aspect of the product offering includes biologic solutions that promote tissue healing and regeneration. The biologics portfolio features:
- Bone Graft Substitutes: Materials that support bone growth and healing.
- Cellular Allografts: Donor tissues that provide cellular support for regeneration.
- Synthetic Scaffolds: Engineered materials that facilitate cell attachment and tissue formation.
Products
Wright Medical Group N.V. provides a comprehensive and diverse collection of products devised to address a wide array of musculoskeletal disorders. These products span across various categories, including:
1. Implants
The implant segment consists of a variety of solutions including:
- Joint Replacement Systems: Devices built for replacing damaged joints and restoring mobility.
- Fracture Fixation Systems: Products designed to stabilize and promote the healing of broken bones.
- Fusion Devices: Implants employed to fuse bones together, relieving pain by limiting movement.
The materials used in these implants range from titanium and cobalt-chrome to stainless steel, chosen for their biocompatibility and durability to ensure stability and comfort for the patient.
Instruments
Wright Medical Group N.V. offers a comprehensive collection of surgical instruments that enhance the efficiency and accuracy of orthopedic procedures. These instruments are meticulously designed to streamline surgical processes and improve overall outcomes for patients.
Biologics
The company’s innovative biologics solutions, aimed at enhancing tissue repair, include:
- Bone Graft Substitutes
- Cellular Allografts
- Synthetic Scaffolds
These biologic products are increasingly utilized in orthopedic surgeries to foster recovery and enhance the effectiveness of surgical interventions.
Services
In addition to cutting-edge products, Wright Medical Group N.V. provides a variety of complementary services aimed at optimizing surgical outcomes:
1. Patient-Specific Surgical Planning
The company offers tailored surgical planning services that assist surgeons in strategizing complex orthopedic procedures. This service enhances surgical accuracy and reduces overall operating time, allowing for more efficient interventions.
Surgeon Education
With a commitment to continuous improvement, Wright Medical Group N.V. conducts educational and training programs for surgeons, ensuring they are equipped with the latest techniques and product knowledge. These programs aim to keep healthcare professionals attuned to current practices in orthopedic surgery.
Clinical Support
A dedicated clinical support team is available to healthcare providers to deliver expert product support and guidance. This service encompasses assistance during the surgical planning phase, in-theatre implementation, and follow-up care, striving to optimize patient outcomes and satisfaction.
In summary, Wright Medical Group N.V. has established a well-rounded portfolio of products and services tailored to addressing musculoskeletal disorders, positioning itself as a critical player in the global orthopedic medical device market. Through its dedicated segments and innovative offerings, the company continues to advance the standard of care for patients with extremity-related concerns.