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Zimmer Biomet SWOT & PESTLE Analysis

ID : 52716053| Jun 2020| 15 pages

COMPANY PROFILE -Zimmer Biomet

Business Sector :Healthcare

Operating Geography :USA, North America Global

About Zimmer Biomet :

Zimmer Biomet was founded in the year 1927 and is currently headquartered in Warsaw, Indiana. The company has emerged as a global leader in musculoskeletal healthcare. The company operates in designing, manufacturing and marketing orthopedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants; and related surgical products. The company has also collaborated with different healthcare professionals around the world so as to ensure its pace of innovation. The different products and services the company offers help in treatment of patients suffering from disorders of, or injuries to, bones, joints or supporting soft tissues. Through its initiatives, the company helped millions of people live better lives along with the healthcare professionals. The company has its operations in over 25 countries and its products are sold in more than 100 countries. Zimmer Biomet has approx. 20,000 employees as of January 2020.
Zimmer Biomet corporate mission is “To alleviate pain and improve the quality of life for people around the world.”

Zimmer Biomet Revenue :


$7982.2 million - FY ending 2019 (y-o-y growth 0.6%)
$7932.9 million - FY ending 2018

Competitive Analysis of Zimmer Biomet

SWOT
PESTLE
The SWOT analysis of Zimmer Biomet is presented below:
Strengths
Weaknesses
1. World leader in musculoskeletal and oral healthcare
2. Quality and operational excellence
3. Continuous innovation and new product development
4. Differentiated ecosystem of solutions
1. Dependency on third party patent and proprietary rights
Opportunities
Threats
1. Development of new products and technologies
2. Enhanced goodwill from Biomet and LDR merger

1. Low cost Chinese entrants
2. Hos
1. Dependence on third party payers for major raw materials
2. Trade-off between loss of sales margins and group purchasing behavior
3. Threat from global competitors
4. Potential risk of Products getting obsolete
5. Business risks associated with operations outside the United States
tile takeover and acquisition by other competitors
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Detailed SWOT Analysis of Zimmer Biomet

 

Strength

1. World leader in musculoskeletal and oral healthcare: The parent companies Zimmer Dental, Inc. and BIOMET 3i, LLC combined their strengths together and emerged as the leader in musculoskeletal and oral healthcare. The company has its implant offerings which are accepted widely by both patients and clinicians. The company has implemented the new advancements that helped it in developing and designing the products that led to the widespread acceptance of the dental implants as regular treatment option. For example, BIOMET 3i T3® Implant is designed so as to deliver aesthetic results using tissue preservation. The key elements such as a contemporary hybrid surface, a stable and tight implant/abutment interface, and integrated platform switching

2. Quality and operational excellence: The company has solidified progress in its supply recovery by creating reduction in back orders and increasing levels of safety stock. Through its efforts, company has removed supply as a barrier for its financial commitments. In order to maintain its quality standards, company has executed a detailed remediation plan at the Warsaw North Campus. The company is focused on delivering its guiding principles i.e. patient safety, quality and integrity. The company has also shifted its focus from supply recovery efforts to supply efficiency programs and also from quality remediation to building best-in class quality systems.

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Weakness

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Opportunity

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Threat

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TABLE OF CONTENTS
DELIVERY AND FORMAT
WHY CHOOSE US?
References used in Zimmer Biomet Analysis Report

1. Zimmer Biomet Annual report 2019 -https://investor.zimmerbiomet.com/~/media/Files/Z/ZimmerBiomet-IR/documents/annual-reports/zimmer-biomet-2019-annual-report.pdf

2. Zimmer Biomet Annual report 2018 -https://investor.zimmerbiomet.com/~/media/Files/Z/ZimmerBiomet-IR/documents/annual-reports/2018-annual-report.pdf

3. Zimmer Biomet company profile - https://in.reuters.com/finance/stocks/company-profile/ZBH.N

4. Zimmer Biomet company website - https://www.zimmerbiomet.com/

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Zimmer Biomet SWOT & PESTLE Analysis - SWOT & PESTLE.COM

SWOT & PESTLE.com (2020). Zimmer Biomet SWOT & PESTLE Analysis - SWOT & PESTLE.com. [online] Available at: https://www.swotandpestle.com/zimmer-biomet/ [Accessed 09 Jul, 2020].

In-text: (SWOT & PESTLE.com, 2020)

Copyrights and Disclaimer

Zimmer Biomet SWOT and PESTLE analysis has been conducted by Saurav Gera and reviewed by senior analysts from Barakaat Consulting.

Copyright of Zimmer Biomet SWOT and PESTLE Analysis is the property of Barakaat Consulting. Please refer to the Terms and Conditions and Disclaimer for usage guidelines.

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Zimmer Biomet SWOT & PESTLE Analysis
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