Stryker (NYSE:SYK) today reported first-quarter results that exceeded Wall Street expectations, even in what CEO Kevin Lobo described as a “challenging macroeconomic environment.” “We are encouraged by the steady improvement of surgery volumes and the robust demand for our capital products; however, we expect supply chain challenges to persist for much of the year,” Lobo […]
Stryker
How Stryker is advancing digital healthcare
Count Stryker among the big medical device companies that have pioneered the transition toward digital, becoming medtech companies offering an array of software and services around their products. The company’s popular Mako robotic surgery systems are more than just the robot when it comes to knee and hip surgeries. There’s the preoperative data modeling and […]
Stryker launches new hip stem that’s compatible with the Mako robot-assisted surgery system
Stryker (NYSE:SYK) announced today that it launched the Insignia hip stem for total hip and hemiarthroplasty procedures. Presenting at the American Academy of Orthopaedic Surgeons (AAOS) 2022 Annual Meeting in Chicago, Stryker introduced the Insignia hip stem for optimizing patient fit and surgeon ease of implantation in muscle-sparing approaches for total hip and hemiarthroplasty procedures. Insignia […]
These 10 medtech companies’ stocks performed best in 2021
Following a year like no other in 2020, 2021 was when many looked to rebound — including the medtech industry. A number of medtech companies followed up a challenging, pandemic-enveloped year with impressive performances. Plenty of them had already proven in 2020 that they were capable of a quick bounce-back. Here are 10 medtech companies […]
Stryker closes Vocera Communications acquisition
Stryker (NYSE:SYK) announced today that it has completed its Vocera Communications acquisition, a deal previously pegged at $3.1 billion. Vocera is a provider of digital care coordination and communication offerings, including the hands-free Vocera Smartbadge. “This acquisition provides significant opportunities to advance innovations and accelerate our digital aspirations,” Stryker CEO Kevin Lobo announced in a […]
Stryker launches procedure guide for minimally invasive bunion procedures
Stryker (NYSE:SYK) announced today that it launched its new Prostep MICA Solo Guide for minimally invasive bunion procedures. Kalamazoo, Michigan-based Stryker designed the Prostep MICA all-in-one procedure guide for use by a solo surgeon, potentially eliminating the need for additional surgical assistance during a minimally invasive bunion operation. According to a news release, surgeons have […]
The top 10 catheter innovations of 2021
Last year was a big year for catheter innovation as medtech companies large and small received regulatory approvals for devices ranging from TAVR to single-use endoscopes. Catheter innovations weren’t limited to just adults; Catheter-deployed devices for premature babies and toddlers were also approved and released. And catheter-based devices made up nearly half of last year’s Prix […]
Collagen Matrix appoints former Stryker president Scannell to its board
Collagen Matrix announced today that it appointed former Stryker President Timothy J. Scannell to its board of directors. Oakland, New Jersey–based Collagen Matrix develops regenerative medicine and manufactures collagen- and mineral-based medical devices. Scannell, a veteran of 30 years in leadership positions, joins the company after serving as president and COO of Stryker, a position […]
Stryker earnings miss by a penny in Q4
Stryker (NYSE:SYK) posted mixed fourth-quarter results, with the COVID-19 omicron variant pressuring elective procedure volumes in December. The Kalamazoo, Michigan–based ortho device giant reported profits of $662 million, or $1.73 per share, on sales of $4.701 billion for the three months ended Dec. 31, 2021. The results, posted yesterday evening, represented a bottom-line gain of […]
First implantation performed with Stryker’s patient-matched glenoid for shoulder arthroplasty
Stryker (NYSE:SYK) announced today that its Tornier Perform patient-matched glenoid was used in a surgical procedure for the first time. Kalamazoo, Michigan-based Stryker touts its limited-market release, patient-matched primary reversed glenoid as the first surgeon-driven, primary patient-specific implant available in shoulder arthroplasty. The company planned the implant on its Blueprint 3D planning software. According to […]
Stryker CEO Lobo talks success of Wright Medical merger, increasing competitiveness of surgical robotics
CEO Kevin Lobo has a lot to be excited about at Stryker — the world’s largest orthopedic device company. Kevin Lobo has seen many successful acquisitions at Stryker’s helm in the last 10 years. The Kalamazoo, Michigan medtech giant’s recent acquisition of Wright Medical has positioned the company to expand its orthopedics range – adding […]