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 2007, Stryker sold its out-patient physical therapy business, Physiotherapy Associates, and now segregates its operations into two business segments: Orthopaedic Implants and MedSurg Equipment.
The Orthopaedic Implants segment produces orthopaedic reconstructive (hip, knee and shoulder), trauma, craniomaxillofacial and spinal implant systems; bone cement; and the bone growth factor, OP-1. The MedSurg Equipment segment manufactures surgical equipment; surgical navigation systems; endoscopic, communications systems; as well as patient handling and emergency medical equipment. Recent key acquisitions have added to Stryker’s capabilities and opened up new markets. In 2009, Stryker’s most prominent acquisition was Ascent Healthcare Solutions, which claims to be the market leader in the reprocessing and remanufacturing of medical devices in the US. The company also acquired OtisMed, a software technology company that will focus on customisable instrumentation. In March 2010, Stryker completed the purchase of assets used to manufacture, market and sell the 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.
In 2009, Stryker generated net earnings of US$1.1 billion on sales of US$6.7 billion. As at 31st December 2009, the company had 18,582 employees worldwide.
This company report provides
Overview Key contact information Introduction to the company and its current activities Summary of its financial performance Who are the company’s major competitors? Key recent events in an “at a glance” format
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 Employee data, including breakdown by company division and geographic location
Strategic Focus Investigates the company’s aims and its areas of focus
Products Core product areas, key brands, product approvals and launches
Research and Development How much has been invested in R&D? Where is the research based? What alliances and agreements does the company have and with whom? Manufacturing and Distribution Identifying the company’s manufacturing locations Sales and marketing facilities
Agreements With whom has the company reached agreements and what do they involve? Key contracts awarded
Mergers, Acquisitions and Divestments
Key Corporate Events
Table Of Contents
Stryker Medical Device Company Intelligence Report Contents
FINANCIAL REVIEW 6 2012 Financial Results 6 Sales by Geographic Area 7 Sales by Business Segment 8 Reconstructive 9 MedSurg 9 Neurotechnology and Spine 9 Five-Year Financial Data 10 Outlook 11 Employees 11
PRODUCTS 12 Competition 13 Reconstructive 14 Orthopaedic Implants 15 Hip Replacement Systems 15 Primary Femoral Hip Systems 16 Primary Acetabular Systems 16 Hip Fracture Systems 16 Revision Hip Systems 16 Resurfacing Hip Systems 16 Knee Implant Systems 16 Other Joint Replacement Products 18 Sports Medicine and Joint Preservation 18 Trauma Implant Systems 18 Bone Cement 19 Orthobiologics 19 MedSurg 20 Surgical Equipment 21 Surgical Navigation Systems 21 Computer-assisted Surgery 22 Endoscopy 22 Visualisation Systems 23 Arthroscopy, Laparoscopy, Gynaecology and Urology 23 Patient Handling and Emergency Medical Equipment 23 Neurotechnology and Spine 24 Craniomaxillofacial (CMF) 25 Spinal Systems 26 Cervical Spine Systems 26 Thoracolumbar Spine Systems 27 Interventional Spine Systems 27 Minimally-invasive Spine Surgery 27 Interbody/Vertebral Body Replacement 28 Neurovascular Intervention 28 Medical Device Reprocessing and Manufacturing 29
RESEARCH AND DEVELOPMENT 30 RandD Expenditure 30 RandD Facilities and Activities 30 RandD Alliances 31 NeuroLogica 31 Cleveland Clinic 31 Trials and Studies 31 SCENT 31 TREVO 2 32 TREVO 32 MAPS 32 National Joint Registry for England and Wales 33
MANUFACTURING AND DISTRIBUTION 34 Manufacturing 34 Distribution 34