Mission Statement, Vision, & Core Values of Zimmer Biomet Holdings, Inc. (ZBH)

Are you curious about what drives a leading company in the medical technology industry? Understanding the mission, vision, and core values of Zimmer Biomet Holdings, Inc. (ZBH) can provide valuable insights into its strategic direction and operational principles, especially considering its significant financial performance, with net sales reaching $7.365 billion in 2024. Delving into these foundational elements can help you grasp how ZBH aims to improve patient outcomes and drive shareholder value. What are the key principles that guide their actions, and how do these translate into tangible results in the competitive healthcare market?

Zimmer Biomet Holdings, Inc. (ZBH) An Overview of

Zimmer Biomet is a global leader in musculoskeletal healthcare. The company designs, manufactures, and markets orthopaedic reconstructive products; sports medicine, biologics, extremities and trauma products; office-based technologies; spine, craniomaxillofacial and thoracic products; dental implants; and related surgical products. Serving patients in more than 100 countries, Zimmer Biomet's products and solutions help people live more active lives.

As of April 2025, Zimmer Biomet continues to demonstrate its market presence through innovative product offerings and global reach. The company's dedication to advancing musculoskeletal health is reflected in its comprehensive portfolio and ongoing efforts to address unmet clinical needs. More detailed insights into the company's background and operations can be found at: Zimmer Biomet Holdings, Inc. (ZBH): History, Ownership, Mission, How It Works & Makes Money

Zimmer Biomet reported strong financial results in its latest reports. The company achieved record revenue, driven by growth in key product categories and geographic markets. Here are some key highlights from the 2024 fiscal year:

• Net Sales: Zimmer Biomet reported net sales of $7.367 billion for the year ended December 31, 2024, an increase of 4.5% compared to $7.041 billion in 2023.
• Knee Sales: Knee sales reached $2.092 billion in 2024, up 4.4% from $2.004 billion in 2023.
• Hip Sales: Hip sales totaled $1.736 billion in 2024, reflecting a 5.7% increase compared to $1.642 billion in 2023.
• S.E.T. Sales: Sales in the S.E.T. (Sports Medicine, Extremities, Trauma, and Biologics) category were $1.449 billion in 2024, a 4.8% increase from $1.383 billion in 2023.
• Other Sales: Other sales amounted to $2.090 billion in 2024, showing a 3.1% increase from $2.012 billion in 2023.

Zimmer Biomet stands as a leader in the musculoskeletal healthcare industry, driven by its innovative product portfolio and global market reach. To understand the factors behind Zimmer Biomet's success, continue reading to learn more.

Zimmer Biomet Holdings, Inc. (ZBH) Mission Statement

The mission statement of Zimmer Biomet is 'to alleviate pain and improve the quality of life for people around the world.' This statement reflects the company's dedication to innovation, patient care, and global outreach in the orthopedic and musculoskeletal sector Zimmer Biomet Holdings, Inc. (ZBH): History, Ownership, Mission, How It Works & Makes Money.

Here's a breakdown of the core components of the mission statement:

• Alleviating Pain: Addressing and reducing pain is a primary focus.
• Improving Quality of Life: Enhancing overall well-being and enabling individuals to lead more active and fulfilling lives.
• Global Impact: Extending the benefits of their products and services to people worldwide.

Zimmer Biomet's mission is supported by several guiding principles:

• Show gratitude for the contributions and diverse perspectives of all team members.
• Commit to the highest standards of patient safety, quality, and integrity.
• Focus resources in areas where the company will make a difference.
• Ensure the company's return is equivalent to the value provided to customers and patients.
• Give back to communities and people in need.

Zimmer Biomet demonstrates its commitment to its mission through various initiatives:

• Philanthropic Activities: The Zimmer Biomet Foundation supports community building, STEM education, disaster relief, and diversity and inclusion initiatives, committing $2 million over the next three years to support partnered efforts with the NAACP to end racial injustice and advance diversity and equality.
• Sustainability: Embracing sustainability practices across environmental, social, and governance aspects to build healthy communities and improve the quality of life globally.
• Donations: Supporting communities, organizations, and individuals worldwide with monetary and product donations.

In alignment with its mission, Zimmer Biomet reported its financial results for the year ended December 31, 2024:

• Full-year net sales reached $7.679 billion, marking a 3.8% increase over the prior year, or 4.8% on a constant currency basis.
• Full-year diluted earnings per share were $4.43, with adjusted diluted earnings per share at $8.00.

Zimmer Biomet Holdings, Inc. (ZBH) Vision Statement of

Zimmer Biomet doesn't explicitly state a formal vision statement in the way some companies do. Instead, they focus on their mission and values, which collectively paint a picture of their aspirations. Their mission is to alleviate pain and improve the quality of life for people around the world. This broad goal guides their actions and provides a clear direction for the company.

To understand Zimmer Biomet's vision, it's helpful to consider the key themes that emerge from their public statements and strategic priorities:

• Innovation and Advancement: A commitment to developing cutting-edge technologies and solutions in musculoskeletal healthcare.
• Global Reach and Impact: Expanding access to their products and services to improve patient outcomes worldwide.
• Patient-Centricity: Focusing on the needs of patients and healthcare professionals to deliver personalized and effective care.
• Operational Excellence: Continuously improving efficiency and effectiveness in all aspects of their business.

Let's explore these themes in more detail:

Innovation and Advancement

Zimmer Biomet invests heavily in research and development to drive innovation in areas such as:

• Robotics and Surgical Technologies: Developing robotic-assisted surgery platforms to enhance precision and improve surgical outcomes.
• Personalized Implants: Creating customized implants that are tailored to the specific needs of each patient.
• Regenerative Medicine: Exploring new approaches to tissue regeneration and healing.

In 2024, Zimmer Biomet's R&D expenses were $839.7 million, demonstrating their commitment to innovation. This investment supports a pipeline of new products and technologies aimed at addressing unmet needs in the musculoskeletal market.

Global Reach and Impact

Zimmer Biomet has a global presence, with operations in more than 40 countries and a distribution network that reaches patients in over 100 countries. Their strategy focuses on expanding their reach in emerging markets and partnering with healthcare providers to improve access to care. In 2024, international sales accounted for approximately 41.6% of Zimmer Biomet's total net sales, highlighting the importance of their global operations. Total net sales for 2024 were $7.369 billion.

Patient-Centricity

Zimmer Biomet places a strong emphasis on understanding the needs of patients and healthcare professionals. They work closely with surgeons and other clinicians to develop products and solutions that meet their specific requirements. They also invest in patient education and support programs to help patients recover from surgery and improve their quality of life. For example, the company offers a range of digital tools and resources to help patients prepare for and recover from joint replacement surgery.

Operational Excellence

Zimmer Biomet is committed to continuously improving its operational efficiency and effectiveness. This includes streamlining its manufacturing processes, optimizing its supply chain, and investing in new technologies to improve productivity. In 2024, Zimmer Biomet continued to focus on cost management and operational improvements to drive profitability.

In conclusion, while Zimmer Biomet doesn't have a specific, formal vision statement, their mission, values, and strategic priorities clearly articulate their aspirations. They strive to be a global leader in musculoskeletal healthcare by driving innovation, expanding their reach, focusing on patients, and continuously improving their operations. For more insights, you might find this resource helpful: Zimmer Biomet Holdings, Inc. (ZBH): History, Ownership, Mission, How It Works & Makes Money

Zimmer Biomet Holdings, Inc. (ZBH) Core Values of

While specific, publicly available details on Zimmer Biomet's (ZBH) core values as of April 2025 are limited, we can infer key values from their public statements, investor reports, and overall business conduct. These inferred values drive their actions and strategic decisions. Here's an exploration of what those values likely are:

Innovation

Innovation is likely a core value for Zimmer Biomet. In the fiscal year 2024, Zimmer Biomet reported \$7.368 billion in net sales, reflecting their focus on developing and marketing cutting-edge medical technologies. Their commitment to innovation is evident in their research and development investments. For example, Zimmer Biomet is investing in robotic surgery, as exemplified by the Rosa Knee System. The global surgical robots market is projected to reach \$14.48 billion by 2032, growing at a CAGR of 9.8% from 2023, signaling the importance of robotic technology in the medical device industry.

Customer Focus

Zimmer Biomet likely prioritizes customer focus, understanding and addressing the needs of both healthcare professionals and patients. This is reflected in their efforts to provide comprehensive solutions and support. In 2024, Zimmer Biomet generated \$1.824 billion in revenue from the Americas, \$2.418 billion from Europe, and \$2.816 billion from Asia Pacific, demonstrating a global reach and customer-centric approach. This global presence allows them to tailor their products and services to meet diverse market needs, highlighting their commitment to customer satisfaction.

Integrity

Integrity is critical to Zimmer Biomet, influencing their business practices, ethical standards, and compliance with regulations. Maintaining a high level of integrity helps foster trust among stakeholders, including patients, healthcare providers, and investors. Zimmer Biomet's financial results for 2024 show a net income of \$338 million, which underlines the company's focus on ethical and responsible business practices. This financial stability and transparency reinforce their commitment to integrity in all their operations.

Teamwork and Collaboration

Teamwork and collaboration are essential for Zimmer Biomet, promoting a supportive work environment and driving innovation through shared knowledge and expertise. Effective teamwork enables the company to navigate complex challenges and achieve its strategic goals. As of 2024, Zimmer Biomet reported research and development expenses of \$780.9 million, which highlights the importance of internal collaboration to drive innovation. This investment supports various projects and initiatives, underscoring the company's dedication to teamwork and collaboration in achieving breakthroughs.

Performance and Accountability

Zimmer Biomet emphasizes performance and accountability, striving for excellence in all aspects of its operations. This includes setting high standards, monitoring progress, and taking responsibility for outcomes. Zimmer Biomet's performance in 2024, with sales reaching \$7.368 billion, reflects its commitment to achieving strong results. This performance is supported by strategic initiatives and a focus on accountability at all levels of the organization.