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Product / Company Performance

Stryker Reports 3Q16 Revenue -

ORTHOWORLD estimates Stryker's 3Q16 orthopaedic revenue at US $1,566.6MM, +6.3% from 3Q15. (Growth is as-reported.)

ORTHOWORLD estimates 3Q16 segment sales and growth on an as-reported basis, as follows.

  • Joint Reconstruction $829.1MM, +5.8%
    • Hips $348.7MM, +3.7%
    • Knees $453.7MM, +7.3%
    • Extremities Recon $26.6MM, +7.9%
  • Trauma $319.1MM, +8.2%
  • Arthroscopy/Soft Tissue Repair $115.5MM, +7.2%
  • Spine $181.8MM, +4.9%
  • Orthobiologics $51.1MM, +5.7%
  • Other $70.0MM, +5.4% (CMF, Performance Solutions)

 

  • Growth backed by solid performances in knees, extremities and trauma, with strong demand for 3D-printed products, U.S. foot/ankle and Mako
  • 30 Mako robots installed globally (23 in the U.S.), +75% vs. 3Q15, with 40% installed in competitive accounts
  • Mako demand fueled by expanded indications, including limited launch of total knee
  • Mako education includes docs with prior robot experience but with less exposure to Triathlon knee, as well as those with no prior robot experience in joint recon
  • >200 Mako cases performed since limited launch of total knee; targeting AAOS 2017 for full launch
  • U.S. spine business continues to experience some supply chain disruptions, offset by strong demand for 3D-printed Tritanium interbody products
  • Analyst Meeting (scheduled for November 9) will include Mako physician panel from limited launch, as well as a Stryker Performance Solutions panel including a customer
  • In late 3Q16, announced acquisitions of Instratek and Ivy Sports Medicine
  • After quarter's close, launched LITe® BIO hand-held bone graft material delivery device
  • NASS news included results from pre-clinical study of the 3D-printed Tritanium PL Interbody Cage vs. PEEK and titanium plasma-sprayed PEEK cages, as well as launch of the Ascential implant and delivery solution for lower acuity spinal procedures in ambulatory surgery center and hospital settings; Ascential offers sterile-packaged implants manufactured by Stryker


Sources: Stryker Corporation; ORTHOWORLD Inc.

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