Published by MBA Skool Team, Last Updated: April 12, 2020
SWOT analysis of Synthes analyses the brand by its strengths, weaknesses, opportunities & threats. In Synthes SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
SWOT Analysis is a proven management framework which enables a brand like Synthes to benchmark its business & performance as compared to the competitors. Synthes is one of the leading brands in the pharma and healthcare sector.
The article below lists the Synthes SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Synthes SWOT Analysis:
For Synthes, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.
The strengths of Synthes looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Synthes :
1. Most of the market for sales of screws, plates, bone grafts and other products to treat skeletal injuries 2. Acquisition with J & J giving greater scope of economies 3. Presence across all major continents – Asia, America, Europe and Africa 4. Market leader in treatment of trauma victims
5. Strong brand equity with loyal customers
The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Synthes SWOT Analysis:
1. Inspite of acquisition, customers would still have sufficient alternative suppliers in all of the markets concerned 2.Controversy regarding allegations of shipping “adulterated and misbranded” products as part of unlawful clinical trials 3.Limited presence in emerging economies and limited brand recall
The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Synthes SWOT Analysis:
1.Improve product portfolio with newer technologies 2.Trauma market is less vulnerable to other markets with respect to economic pressure or more scrutiny from health insurers 3. exclusive relationship between Synthes and the surgeon-led AO Foundation
The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Synthes are as mentioned:
1.With acquisition by J&J, other medical firms will respond aggresively 2.Integration complications with acquired firm and acquiring firm 3.Price wars and substitute products
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Synthes:
Physical trauma, spine, craniofacial, mandible and chest implants, medical power tools, biomaterials
Trauma, Spine, Craniomaxillofacial (CMF), Biomaterials and Power Tools
Patient driven , Surgoen focus, innovation ,highest quality standards, education of customers, leveraging insights of surgeons, acting ethically and respectfully at all times
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
Browse marketing analysis of more brands and companies similar to Synthes. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.
The brand names and other brand information used in the SWOT Analysis section are properties of their respective companies. The companies are not associated with MBA Skool in any way. Edit the brand or add a new one to SWOT Analysis section : Contribute