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Product / Company Performance
Stryker Reports 2016 Revenue
ORTHOWORLD estimates Stryker’s 2016 orthopaedic revenue at US $6,330.8MM, +4.9% from 2015, with 4Q16 revenue of $1,686.5MM, +6.5% vs. 4Q15.
ORTHOWORLD estimates 2016 segment sales and growth on an as-reported basis, as follows.
- Joint Reconstruction $3,408.1MM, +5.0%
- Hip $1,432.9MM, +3.8%
- Knee $1,870.9MM, +6.0%
- Extremities $104.3MM, +5.0%
- Trauma $1,265.6MM, +6.0%
- Arthroscopy/Soft Tissue $461.5MM, +7.3%
- Spine $712.5MM, +1.7%
- Orthobiologics $207.7MM, +4.5%
- Other $275.4MM, +3.6% (CMF, Performance Solutions)
- Revenue drivers include continued momentum in U.S. trauma, extremities, knees
- Strong demand for 3D-printed products, foot/ankle and Mako
- Revision knees buoyed by 3D-printed cones and sleeves
- 3D-printed Global Hip Cup launch is forthcoming
- Foot/ankle products growing in strong double-digits (above 15% in 4Q)
- “Well-positioned to start to grow in upper extremities” with all but the partial shoulder in the lineup
- Sports Medicine growing in strong double digits; adding sales reps in that segment
- 1588 camera “getting fantastic feedback”
- Expanded limited market launch for total knee to include additional sites, which will be training centers as full launch approaches (slated for AAOS 2017 meeting)
- ~50 surgeons trained on new application
- Capital specialists began upgrading existing robots to support total knee
- 32 robots installed in 4Q16 (24 in the U.S.)
- 86 installations for 2016, up from 72 in 2015 (+19.4%)
- Total robots installed globally to date: 381 (333 in the U.S.)
- U.S. spine supply issues were somewhat offset by strong demand for interbody fusion and 3D-printed Tritanium products; supply issues should diminish by 2Q
- Results from a pre-clinical interbody fusion study of the 3D-printed Tritanium PL Interbody Cage demonstrated statistically superior range of motion, bone in-growth profile and greater average construct stiffness vs. PEEK and titanium plasma-sprayed PEEK cages
- Within 4Q, launched the LITe BIO hand-held bone graft material delivery device for direct visualization; accommodates a surgeon’s preferred graft material in any spinal fusion
Sources: Stryker Corporation; ORTHOWORLD Inc.
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