BARE BONES content is posted to these pages in real time.
Monthly compilations are available in PDF form.
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.
This article is a Member-only item of content. Members, please log in to read the complete post.
If you are not yet a Member, click here
to learn more about purchasing ORTHOWORLD Membership.