Stryker

Stryker Overview

Company Headquarters: Michigan, US

Founded: 1941

Workforce: ~51,000

Company Working: Stryker is engaged in developing, manufacturing, and marketing specialty surgical and medical products. Its products include implants, biologics, surgical, neurologic, ear, throat, interventional pain equipment, endoscopic, surgical navigation, communications, and digital imaging systems. The company also offers products for patient handling and emergency medical equipment. It operates through three major segments: medical & surgical equipment (MedSurg), orthopedics, and neurotechnology & spine. Stryker has been focused on providing automation solutions in its product portfolio. It has a presence in over 75 countries across the globe.

Strategy

Stryker focuses on investing in product developments and enhancing the customer experience to boost engagement. The company emphasizes acquisitions to develop a vast product line, capture the maximum market share, and successfully grow its global footprint in the market. It also focuses on acquisitions to address new sectors and maintain its products' innovativeness in all the segments.

Company Snapshot

$11,325M

Revenue

51,000

Employees

1941

Founded

Michigan, US

Headquarters

SWOT Analysis

Strengths

Brand value
Wide distribution channel
Loyal consumers due to the company’s successful track record
Wide geographical presence
Skilled workforce
High employee satisfaction
Strong R&D base
Large geographical presence with 44 manufacturing and R&D locations worldwide
Large and well trained force of 33000
High employee satisfaction. Stryker is consistently ranked high by many associations
Extensive regional presence and R&D locations worldwide
Large and well-trained workforce
High employee satisfaction (Consistently ranked high by many associations

Weaknesses

Lack of innovations compared to global players
Product recalls in the recent years can hamper Stryker's image
Revenue dependent on the US
Discrepancy in management
Large size may cause management issues and complexities
Large revenue dependence on the US
Major dependency on the US for revenue generation

Opportunities

Geographical expansion to increase the market penetration in untapped markets
Investments in mergers and acquisitions
Lowering the cost of new product launches
Local collaboration
Large pool of resources which improves project feasibility
Stryker moved up the fortune 500 list by thirty five spots to the 252nd rank which improves the public image of the company
Increasing demand for advanced technology
Collaborations and joint ventures to increase company’s footprint in the global market

Threats

Intense competition from leading medical device companies
Fluctuating exchange rates
Government regulations for product approvals
Increasing stringency of regulations
Worsening regulatory environment on the US
Stiff competition

Key Developments

Date	Approach	Development
March 2019	Acquisition	Stryker acquired OrthoSpace, Ltd. This acquisition helps Stryker’s existing portfolio with highly differentiated technology products for the treatment of massive irreparable rotator cuff tears.
February 2019	Acquisition	Stryker acquired Arrinex, Inc, thereby enhancing its neurotechnology business.
October 2018	Acquisition	Stryker acquired Invuity, Inc, which helps the former deliver enhanced visualization for a wide variety of clinical applications, including orthopedic and spine surgery, general surgery, and women's health procedures.
March 2017	Product Launch	Stryker launched the Mako robotic arm-assisted total knee application system. This system performs total knee, total hip, and partial knee replacements.

Product Offering

Stryker
- Portable Medical Devices
- Biopsy System

Financial Performance

What our clients say

Trusted by forward-thinking businesses
for data-driven intelligence

Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.

Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.

Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.

Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.

Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.