Medtronic, Johnson & Johnson MedTech and Siemens Healthineers again lead the Medtech Big 100 list of largest medical device companies. However, there is so much more to Medical Design & Outsourcing and MassDevice‘s 2023 edition of the Medtech Big 100 report. We pulled thousands of data points to provide information on annual revenue, R&D spending, […]
Stryker
The 10 largest orthopedic device companies in the world
Two of the world’s largest orthopedic device companies expect accelerated revenue growth this year. Stryker and Zimmer Biomet both upped their 2023 guidance during recent earnings calls, a sign that orthopedic procedures are bouncing back from the COVID-19 pandemic. GlobalData predicted earlier this year that the recovery will lift the ortho devices market to nearly $50 […]
Stryker launches direct-to-patient marketing campaign for Mako surgical robot
Stryker announced today that it launched a nationwide, direct-to-patient marketing campaign. The “Scan. Plan. Mako Can.” marketing campaign aims to drive patient awareness of its Mako SmartRobotics platform. The surgical robotic system offers an option for those who need joint replacement surgery due to arthritis of the knee or hip. “‘Scan. Plan. Mako Can.’ is […]
Stryker surpasses Q2 forecasts, boosts full-year outlook
Stryker this evening reported second-quarter results that beat the Wall Street consensus forecast, prompting it to up its full-year guidance. The Kalamazoo, Michigan–based orthopedic device giant reported an 11.2% year-over-year increase in Q2 sales to $5.0 billion, surpassing the analysts’ anticipated revenue of $4.82 billion. Earnings were up 12.% to $738 million for the quarter […]
Stryker launches Q Guidance with cranial guidance software
Stryker announced today that it launched its Q Guidance System with cranial guidance software. The Kalamazoo, Michigan-based orthopedic giant began surveillance cases for the image-based planning and intraoperative platform in May. The company previously launched the system for spinal applications in September 2022. The latest iteration offers support for cranial surgeries. Stryker received FDA clearance […]
Stryker launches Ortho Q fully autonomous guidance system
Stryker announced today that it launched its Ortho Q guidance system. Kalamazoo, Michigan-based Stryker says Ortho Q is the only fully autonomous system in the industry. Surgeons can easily control the platform from the sterile field. It combines new optical tracking options through a redesigned, state-of-the-art camera. According to a news release, Ortho Q features […]
Stryker announces first completed cases with brain surgery guidance platform
Stryker (NYSE:SYK) announced today that surgeons began early product surveillance cases for its Q Guidance system with cranial guidance software. Kalamazoo, Michigan-based Stryker designed the Q Guidance System as an image-based planning and intraoperative platform. The company launched the system for spinal applications in September 2022. This latest iteration offers support for cranial surgeries. Stryker received […]
Stryker faces another bribery investigation
Stryker says the U.S. Justice Dept. and Securities and Exchange Commission contacted the company over potential anti-bribery law violations. The Kalamazoo, Michigan-based orthopedic device maker disclosed these contacts in its first-quarter earnings report released on Tuesday. It said it’s cooperating with both agencies as an investigation ensues. Stryker engaged outside counsel to conduct the investigation. […]
Stryker completes acquisition of Cerus Endovascular
Stryker today announced it completed the acquisition of Cerus Endovascular. The financial details of the deal were not disclosed. Cerus Endovascular designs and develops neurointerventional devices for the treatment of intracranial aneurysms. Cerus Endovascular’s CE marked products, the Contour Neurovascular system and Neqstent could assisted flow diverter, will expand Stryker’s portfolio of aneurysm treatment solutions. […]
Stryker boosts guidance — but perhaps not enough — after Street-beating Q1
Stryker handily beat Wall Street expectations during its first quarter, though its guidance range increase may have disappointed investors. The morning after Stryker’s earnings announcement, SYK shares were down more than 1% to $294.12 apiece. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was up slightly. The orthopedic and surgical […]
22 MedTech Innovator all-stars will pitch at DeviceTalks Boston
Nearly two dozen MedTech Innovator portfolio startups will pitch their technology to medtech industry innovators, executives and engineers at DeviceTalks Boston on May 10-11. The MedTech Innovator accelerator program picked the 22 all-stars from hundreds of applicants. The all-stars who will be featured over the two-day event at the Boston Convention and Exhibition Center are: […]