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Stryker

Company Intelligence Report

Stryker Corporation is one of the world's leading medical technology companies with a broad base of products in orthopaedics and a significant presence in other areas of the medical device industry.

The company was incorporated in Michigan in 1946 as the successor company to a business founded in 1941 by Dr Homer Stryker, a leading orthopaedic surgeon and the inventor of several orthopaedic products.

In 2011, Stryker began segregating its reporting into three business segments: Reconstructive, MedSurg and Neurotechnology & Spine. Prior to 2011, the company segregated its operations into two segments: Orthopaedic Implants and MedSurg Equipment. Stryker believes this change more accurately reflects the way it monitors performance, aligns strategies and allocates resources in the current environment.

• The Reconstructive segment consists mainly of implants used in hip and knee joint replacements and trauma surgeries.

• MedSurg products include surgical equipment and surgical navigation systems (Instruments); endoscopic communications systems (Endoscopy); patient handling and emergency medical equipment (Medical); pre-processed and remanufactured medical devices; and other products used in a variety of medical specialties.

• Stryker’s Neurotechnology & Spine business consists of neurosurgical and neurovascular devices, as well as systems for the treatment of spinal injury, deformity and degeneration.

Recent key acquisitions have added to Stryker’s capabilities and opened up new markets. The most recent and noteworthy is the company’s acquisition of the Neurovascular business unit of Boston Scientific. Alongside the acquisition of Concentric Medical, a manufacturer of products for the treatment of acute ischaemic stroke, Stryker increased its Neurovascular & Spine revenue by almost 50% in 2011.

In March 2010, Stryker also completed the purchase of assets used to manufacture, market and sell Sonopet Ultrasonic Aspirator technology, which includes precision microsurgical instruments used in neurological and spine procedures.

Stryker’s principal operations are located in the US and it has additional manufacturing facilities in several other countries including Ireland, Germany, France, Switzerland, Puerto Rico, Canada and China. Its products are sold in more than 100 countries through local dealers and direct sales efforts.

The {Company name} Medical Device Company Report provides a full review of the company's medical device activities, from its origins to its latest corporate activity, including mergers and acquisitions, agreements, divestitures and litigation. Sections are also included on products, corporate strategy and R&D.

Whatever your interest or involvement, evaluating the performance, success, failures and developments of medical companies is critical. Espicom’s Medical Device Company Reports have been regularly published for over 20 years, and these critically acclaimed and respected management reports provide a complete review of leading players in the field.

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Coverage Overview

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• Summary of its financial performance
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Strategic Focus

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Financial Review

• Current year and annual financial data, including revenue breakdowns by product area and geographic region (if available)
• Table providing in-depth five-year financial analysis
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Product Overview

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Research and Development

• How much has been invested in R&D?
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Manufacturing and Distribution

• Identifying the company’s manufacturing locations
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Agreements

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• Key contracts awarded

Mergers and Acquisitions

Minority Divestments

Litigation

Key Corporate Events

The report was produced as part of Medical Device Companies Analysis (MDCA). For more information on MDCA, click here.