Medical Design and Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech

The 10 largest orthopedic device companies in the world

April 27, 2021 By Chris Newmarker

Stryker largest orthopedic device companies1. Stryker

2020 revenue: $14.351B (–3.6%)

Headquarters: Kalamazoo, Mich.

The world’s largest orthopedic device company performed better during the COVID-19 pandemic than other top competitors, many of which saw double-digit percentage drops in revenue in 2020.

Stryker even closed a major M&A deal — its  $4.7 billion purchase of Wright Medical, which CEO Kevin Lobo said “helps us toward our goal of achieving category leadership in all areas of our business.” (Lobo described how he managed Stryker through the pandemic during a DeviceTalks Weekly podcast in December.)

When Stryker announced Q4 earnings in January, it predicted that its 2021 organic net sales growth would be in the range of 8% to 10% from 2019 — a projection that Stryker officials thought the company could meet even if the pandemic stays strong through the second quarter.

“We have enough confidence now with the hospitals being ready to do these procedures as soon as the pandemic starts to subside, as soon as the vaccines start to become more prevalent,” Lobo said at the time.

Stryker saw more COVID headwinds in Q1 2021 as another wave of cases hit the U.S. But even as the company missed the Wall Street consensus for the full quarter, it stuck by the 8–10% sales growth projection and even upped its earnings prediction for 2021. Lobo said business picked up meaningfully in the latter part of the quarter.

It helps that Stryker is arguably the dominant player in the robotic ortho surgery space, with the company passing the 1,000 mark for Mako robotic system installations last year. Mako has proven to be a significant growth engine for Stryker as health providers buy all the tools and accessories around the system.

Stryker is also seeking to catch up with Zimmer Biomet in the smart ortho implants space, announcing in January that it had bought privately held OrthoSensor and its Verasense intraoperative sensor tech that could further enhance Mako robots.

Overall, Stryker is facing increased competition from Zimmer Biomet, but it remains in a good spot, according to Newitter at SVB Leerink. “Stryker is still by far the market leader, and it has the leading robotic system on the market.”

9 medical devices you should keep an eye out for in 2021>>

Pages: 1 2 3 4 5 6 7 8 9 10 11

Related Articles Read More >

Engineer inspecting artificial hip joint parts in quality control department in orthopaedic factory
Deburring and finishing for beautiful, functional medical devices
A portrait of Stryker executive Siddarth Satish
How Stryker includes users for product design in the digital age
A portrait of Stryker executive Tracy Robertson
Stryker leaders talk medtech trends at DeviceTalks Boston: ‘If you’re slow, you’re going to lose’
Stryker Mako robotic-arm assisted surgery robotic digital health medtech
How Stryker is advancing digital healthcare

DeviceTalks Weekly.

July 1, 2022
Boston Scientific CEO Mike Mahoney on building a corporate culture that drives high growth results
See More >

MDO Digital Edition

Digital Edition

Subscribe to Medical Design & Outsourcing. Bookmark, share and interact with the leading medical design engineering magazine today.

MEDTECH 100 INDEX

Medtech 100 logo
Market Summary > Current Price
The MedTech 100 is a financial index calculated using the BIG100 companies covered in Medical Design and Outsourcing.
DeviceTalks

DeviceTalks is a conversation among medical technology leaders. It's events, podcasts, webinars and one-on-one exchanges of ideas & insights.

DeviceTalks

New MedTech Resource

Medical Tubing

Enewsletter Subscriptions

Enewsletter Subscriptions

MassDevice

Mass Device

The Medical Device Business Journal. MassDevice is the leading medical device news business journal telling the stories of the devices that save lives.

Visit Website
MDO ad
Medical Design and Outsourcing
  • MassDevice
  • DeviceTalks
  • MedTech 100 Index
  • Medical Tubing + Extrusion
  • Drug Delivery Business News
  • Drug Discovery & Development
  • Pharmaceutical Processing World
  • R&D World
  • About Us/Contact
  • Advertise With Us
  • Subscribe to Print Magazine
  • Subscribe to E-newsletter
  • Attend our Monthly Webinars
  • Listen to our Weekly Podcasts
  • Join our DeviceTalks Tuesdays Discussion

Copyright © 2022 WTWH Media, LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. Site Map | Privacy Policy | RSS

Search Medical Design & Outsourcing

  • Home
  • Medical Device Business
    • Mergers & Acquisitions
    • Financial
    • Regulatory
  • Applications
    • Cardiovascular
    • Devices
    • Imaging
    • Implantables
    • Medical Equipment
    • Orthopedic
    • Surgical
  • Technologies
    • Contract Manufacturing
    • Components
    • Electronics
    • Extrusions
    • Materials
    • Motion Control
    • Prototyping
    • Pumps
    • Tubing
  • Med Tech Resources
    • DeviceTalks Tuesdays
    • Digital Editions
    • eBooks
    • Manufacturer Search
    • Medical Device Handbook
    • MedTech 100 Index
    • Podcasts
    • Print Subscription
    • The Big 100
    • Webinars / Digital Events
    • Whitepapers
    • Video
  • 2022 Leadership in MedTech
    • 2022 Leadership Voting!
    • 2021 Winners
    • 2020 Winners
  • Women in Medtech