Medical Design Briefs - November 2022 - 14

Inside the OEM:
Stryker
S
tryker is one of the world's
leading medtech companies.
From medical and surgical to
neurotechnology and orthopedics,
Stryker's innovative
products include digital and enabling
technologies to support customers and
drive the growth of the company. Stryker
is " a category leader across all of its businesses
in one category or another. It has
a diversified customer base with massive
potential upsides, including advanced
imaging, stroke care, safety, and medical
robotics, " according to market analysis
firm Seeking Alpha. " While there are
always leaders in specific fields, very few
fields have as clear a leader as Stryker
seems to be in these segments. " 1
The company's " quality first " strategy
encompasses customer focus, innovation,
globalization, and financial performance
(see Table 1). The company
is focusing on financial strategies that
balance innovation with price, cost, and
managing the supply chain. " Stryker's
innovative spirit is alive and well as we
continue to launch new products and
pursue acquisitions to fuel growth across
our 22 business units, " the company says.
Setting the Stage for Success
On the orthopedic side, Stryker is seeing
" good improvement in procedure
volumes, " said Glenn Boehnlein, Stryker
vice president and chief financial officer,
at the 2022 Wells Fargo Securities
Healthcare Conference. " Hospitals are
getting better at managing new staffing
realities and being more efficient about
how they're running their ORs, sterile
processing, and everything that supports
that, " he said. " On the med-surg side,
we haven't seen a slowdown in terms of
capital uptake both on small and large
capital. " Boehnlein noted that capital is
about 25 percent of Stryker's revenue,
with large capital making up 10 percent
of that revenue.
Stryker hasn't experienced any cycle
elongation. Rather, Boehnlein said, the
company is still seeing good order uptake.
" If you want to flip to the cost side
of things, things are less worse - so we're
not having to go to the spot market as
much to buy chips. We are starting to
have regular interactions with our normal
vendors and our normal contracted
prices - which is good. "
He noted, however, that the medtech
giant is feeling some of the effects of the
underlying inflation of labor, transportation,
distribution, and commodities such
as plastics, resins, and metals. " Overall,
things are on track for us to close out the
year where we said they would, but there
are lots of twists and turns between now
and December. "
Stryker is getting " smart on price, "
he said. " It's a little bit of a tale of two
14
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Medical Design Briefs - November 2022

Table of Contents for the Digital Edition of Medical Design Briefs - November 2022

Medical Design Briefs - November 2022 - COV1a
Medical Design Briefs - November 2022 - COV1b
Medical Design Briefs - November 2022 - CovI
Medical Design Briefs - November 2022 - CovII
Medical Design Briefs - November 2022 - 1
Medical Design Briefs - November 2022 - 2
Medical Design Briefs - November 2022 - 3
Medical Design Briefs - November 2022 - 4
Medical Design Briefs - November 2022 - 5
Medical Design Briefs - November 2022 - 6
Medical Design Briefs - November 2022 - 7
Medical Design Briefs - November 2022 - 8
Medical Design Briefs - November 2022 - 9
Medical Design Briefs - November 2022 - 10
Medical Design Briefs - November 2022 - 11
Medical Design Briefs - November 2022 - 12
Medical Design Briefs - November 2022 - 13
Medical Design Briefs - November 2022 - 14
Medical Design Briefs - November 2022 - 15
Medical Design Briefs - November 2022 - 16
Medical Design Briefs - November 2022 - 17
Medical Design Briefs - November 2022 - 18
Medical Design Briefs - November 2022 - 19
Medical Design Briefs - November 2022 - 20
Medical Design Briefs - November 2022 - 21
Medical Design Briefs - November 2022 - 22
Medical Design Briefs - November 2022 - 23
Medical Design Briefs - November 2022 - 24
Medical Design Briefs - November 2022 - 25
Medical Design Briefs - November 2022 - 26
Medical Design Briefs - November 2022 - 27
Medical Design Briefs - November 2022 - 28
Medical Design Briefs - November 2022 - 29
Medical Design Briefs - November 2022 - 30
Medical Design Briefs - November 2022 - 31
Medical Design Briefs - November 2022 - 32
Medical Design Briefs - November 2022 - 33
Medical Design Briefs - November 2022 - 34
Medical Design Briefs - November 2022 - 35
Medical Design Briefs - November 2022 - 36
Medical Design Briefs - November 2022 - 37
Medical Design Briefs - November 2022 - 38
Medical Design Briefs - November 2022 - 39
Medical Design Briefs - November 2022 - 40
Medical Design Briefs - November 2022 - 41
Medical Design Briefs - November 2022 - 42
Medical Design Briefs - November 2022 - CovIII
Medical Design Briefs - November 2022 - CovIV
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