Stryker Corp - Company Profile
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Business Description
Stryker Corp (Stryker) designs, develops, manufactures and distributes orthopedic, medical and surgical, and neurotechnology and spinal products. Its major products include implants used in joint replacement and trauma surgeries; endoscopic and communications systems; surgical equipment and surgical navigation systems; patient handling, emergency medical equipment and intensive care disposable products; and neurosurgical, neurovascular and spinal devices.
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R&D Overview
Stryker is focused on research and development of proprietary products and improve existing product portfolio to complement its growth strategy. It focuses on developing products to serve the changing needs of the healthcare industry. In FY2022, Stryker spent US$1,230 million on its R&D activities, which as a percentage of revenue stood at 6.6%, and grew 8.6% YoY. The company has R&D facilities in the US, China, Ireland, Puerto Rico, Sweden, Germany, Switzerland, the UK, India and France. As of December 31, 2022, it had a patent portfolio of 4,800 US patents and 7,300 international patents. It works in collaboration with physicians and medical personnel in hospitals and universities for product development to meet unmet medical needs.
Business Segments
Overview
Provides surgical equipment and surgical navigation systems (Instruments category), endoscopic and communications systems (Endoscopy category), patient handling, emergency medical equipment and intensive care disposable products (Medical products category), reprocessed and remanufactured medical devices (Sustainability category), neurosurgical, neurovascular and spinal implant devices and other medical devices used in various medical specialties. Neurotechnology products for minimally invasive endovascular techniques; for the treatment of acute ischemic and hemorrhagic stroke; traditional brain and open skull based surgical procedures; and orthobiologic and biosurgery. Key products include bed frames, cleaners and disinfectants, clinical seating and transport chairs, emergency medical equipment, navigation products, orthopedic disposables, patient room furniture, personal protection equipment, stretchers, support surfaces, power tools, surgical suction products and temperature management. Views product innovation as a critical growth driver for the segment.
Performance
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Overview
Provides implants used in hip and knee joint replacements and trauma and extremities surgeries. Major maxillofacial surgical solutions include rigid bone fixation systems, porous polyethylene implants, biomaterials, microdissection needles and patient-specific implants. Key foot and ankle products include products related to ankle distraction, ankle fracture, Charcot neuroarthropathy, tibio-talo-calcaneal arthrodesis, total ankle replacement, brachymetatarsia closing wedge osteotomy, interphalangeal joint arthrodesis, hammertoe correction and Morton's neuroma procedures; Edintrak II system, endoscopic gastrocnemius recession, endoscopic plantar fasciotomy system, circular external fixation system, adjustable fixation system, bioresorbable anchoring system, plating system, screw system, and hindfoot and midfoot products. Key joint replacement products include robotic-arm assisted surgery system, knee replacement implants for partial knee and total knee arthroplasty, hip replacement implants for total hip arthroplasty. Major spine products include biomaterials, cervical fixation systems, disc solutions, integration and connectivity solutions, interbody devices, spinal access and decompression products, spine navigation surgery solutions, surgical visualization solutions, thoracolumbar fixation system, vertebral body replacements and products for vertebral compression fractures. Also offers cervical, thoracolumbar and interbody systems for spinal injury, deformity and degenerative therapies. Trauma and extremities products include products related to upper extremities, hip fracture and pelvis plating and instruments, lower extremities, foot and ankle products, small joint solutions and trauma navigation surgery systems.
Performance
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Geographical Segments
Performance
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Performance
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Target Markets
Canada and Latin American countries.
Performance
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Target Markets
Includes operations in the US and Puerto Rico.
Performance
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