Stryker Corp

Description

Stryker Corp (NYSE:SYK) is a leading American multinational company dealing in medical technologies, surgical equipment, and neurotechnology.

The company was incorporated in 1946 in Michigan. It is a successor to a business founded by Dr. Homer Stryker in 1941.

The healthcare technology company manufactures, markets, and develops medical products for ortho biologic, implants, surgical, ear aids, neurologic, throat, and nose interventional pain equipment, surgical navigation, endoscopy, digital image and communication system, emergency medical equipment, etc.

It claims to be one of the five leading names in the global neurotechnology sector, including Johnson & Johnson, Medtronic, Penumbra, and Terumo Corporation.

The company operates through consolidated subsidiaries, including Stryker Foreign Sales Corporation, Stryker Healthcare Products Co. Ltd (Beijing), Stryker Biotech LLC, Stryker Canada Holding Company, Osteo France SARL, Stryker AB, BG Newco SAS, Benoist Girard SAS, SpineCore, Inc, Stryker GmbH, etc.

The medical tech firm claims to provide various add-on benefits like commission, bonuses, insurance benefits, discount purchase programs, wellness programs, tuition reimbursement, etc.

In addition, it claims to provide various training and learning opportunities for medical students and healthcare professionals through an online learning portal, FocusRN.

Stryker’s Learn, launched in 2014, reportedly provides educational grants for perioperative nurses.

The company also provides various solutions such as Flex financials, managed services, repair and service solutions, clinical solutions, and reprocessing & remanufacturing services.

In 2020, Stryker claimed to have owned 10,452 patents globally.

The company operates under three business divisions:
• Orthopedics
• MedSurg
• Neurotechnology and Spine

Through the first segment, the company caters to patients requiring total joint replacements such as the knee, hip, shoulder, etc. In addition, it acquired Wright Medical Group NV in 2020 to reportedly expands its portfolio of extremities and trauma.

Stryker Corp provides various medical surgery products for use in endoscopy, intensive care disposable products, patient and caregiver technologies, etc.

The company provides neurotechnology and spine products for traditional skull and brain surgeries, synthetic bone grafts, cervical and degenerative therapies.