Executive Summary
Smith & Nephew is a global business engaged in the development, manufacture and marketing of medical devices in the sectors of orthopaedics, endoscopy and advanced wound management. Its pioneering technologies enable nurses, surgeons and other medical practitioners to provide effective treatment more quickly and economically. The Company currently operates in 32 countries and generate annual sales of $3.4 billion.
Company History
In 1856, Thomas James Smith opened a pharmaceutical chemist shop in Hull, England. For over 150 years, Smith & Nephew has developed advanced medical devices for healthcare professionals around the world.
Current Events
- Smith & Nephew and its competitors agreed in September 2007 to pay a combined $310 million to settle allegations that they used sham consulting contracts and other techniques to persuade surgeons to use their artificial hips and knees.[1]
Business Model
Smith & Nephew is an industry leader in each of our three main Global Business Units - Orthopaedic Reconstruction and Trauma, Endoscopy and Advanced Wound Management. Smith & Nephew is one of the fastest growing orthopaedics businesses in the world. These businesses jointly offer over 1,000 product ranges.
Products/Services
- Orthopaedic Reconstruction - In joint reconstruction, hip and knee implants, the company's growth in recent years has been driven by a unique material in orthopaedics – oxidized zirconium. The company sells hip and knees components made of this strong, hardwearing material, branded OXINIUM™.
- Orthopaedic Trauma & Clinical Therapies - This business produces products for treating complex broken bones; and clinical therapy products – low frequency ultrasound bone stimulation devices and joint fluid therapy products for the knee.
- Endoscopy - Smith & Nephew is the global market leader in athroscopy or minimally invasive surgery of the joint, including the knee, shoulder, hip, wrist and ankle. Endoscopy’s products vary from repair products for reattaching soft tissue to bone to the Digital OR, an integrated and fully customisable operating room solutionthat combines key product platforms and offers them from one trusted source.
- Woundcare - Smith & Nephew is the world-leading provider of wound care treatment and prevention products used to treat
hard-to-heal wounds such as leg ulcers, pressure sores and burns. Smith & Nephew has a history of launching innovative
products – beginning with the first moist wound dressing, OPSITE™, launched worldwide in the mid 1970s, through to
the extensive range of ALLEVYN™ foam dressings offering new product lines with significantly enhanced…
