Stryker unveils new operating room model

The “OR of the Future.” [Image courtesy of Stryker]Stryker (NYSE:SYK) announced today that it unveiled its “OR of the Future” model operating room at its Flower Mound, Texas facility.

The Kalamazoo, Michigan-based company aims to provide a one-of-a-kind interactive OR experience. It allows customers to conceptualize new OR design and technology.

Stryker constructed the model with patient safety and OR uptime in mind, according to a news release. It enhances protection against infection and increases cleanability, the company said. Stryker also employed intelligent technology and time-efficiency components in its OR model.

“Some of the challenges hospitals face in maximizing safety and uptime of their ORs are very complex and require new thinking about design, workflow and future-proofing,” said Tommy Van Galder, VP and GM of Stryker’s communications business. “We’ve learned a lot from our 30 years of OR …

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Stryker earnings miss in Q3 amid high key component prices

Stryker (NYSE:SYK) reported third-quarter results that beat the Wall Street revenue consensus but missed on earnings, reducing its full-year EPS guidance.

Investors reacted by sending SYK shares down more than 4% to $219.87 apiece by afternoon trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was up more than 2%.

The Kalamazoo, Michigan–based ortho device giant reported yesterday evening that it earned $816 million, or $2.14 per share, on nearly $4.5 billion in sales for the quarter ended Sept. 30, 2022. Profits were nearly double what they were during the same quarter a year ago. Revenue grew 7.7%.

Adjusted to exclude one-time items, EPS was $2.12, 11¢ ahead of The Street, where analysts were expecting revenues of $4.46 billion.

“We delivered strong organic sales growth in the quarter, despite product shortages and disruptions to full return of surgeries,” CEO Kevin L…

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New Stryker interbody system uses 3D-printed material

The Monterey AL interbody system [Image courtesy of Stryker]Stryker (NYSE:SYK) today announced the launch of its Monterey AL interbody system for anterior lumbar interbody fusion.

The orthopedic device giant said the Monterey AL is the latest addition to its 3D-printed interbody device portfolio. Stryker has 20 years of experience creating porous materials using 3D printing. Its proprietary AMagine process uses additive manufacturing to create implants. Stryker in August announced the official opening of a 156,000-square-foot 3D printing facility in County Cork, Ireland, that will bring 600 jobs to the area.

Monterey AL includes both solid and porous structures. It uses Stryker’s proprietary Tritanium in-growth technology. Tritanium is a material that mimics cancellous bone to provide an environment favorable to bone regeneration and fusion. Stryker says it has new research data backing the material. According to the company, data showed that undifferentiated stem…

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Stryker launches Q Guidance system for spine surgery

The Q Guidance system [Image courtesy of Stryker]Stryker (NYSE:SYK) announced today that it has launched its Q Guidance system for spine applications.

The FDA cleared the system earlier this year for use in adults, as well as in pediatric patients 13 and up.

The system combines new optical tracking options provided by a redesigned camera. It also includes the sophisticated algorithms of the newly launched Spine Guidance software. The goal is more surgical planning and navigation capability than ever before, according to Stryker.

“The Q Guidance system offers cutting-edge tracking options with its fourth-generation FP8000 camera, and Spine Guidance Software allows for advanced planning and computer-assisted execution,” said Robbie Robinson, president of Stryker’s Spine division.

“With the addition of the Q Guidance system, customers now have access to a robust solution that includes imaging, guidance, and instruments and is fully integrated and …

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FDA clears Stryker bone tumor ablation system

[Image from Stryker]Stryker (NYSE:SYK) announced today that the FDA granted 510(k) clearance for its OptaBlate bone tumor ablation system.

Kalamazoo, Michigan-based Stryker designed its OptaBlate system to allow physicians to easily customize their procedure. The system helps to reduce ablation time by three minutes.

OptaBlate features four probes and Stryker’s patented microinfusion technology. The company said adding it to its interventional spine portfolio expands its competencies in vertebral augmentation and radiofrequency ablation. It also completes its portfolio of treatment options for metastatic vertebral body fractures, Stryker said.

“Stryker’s new bone tumor ablation (BTA) system is a significant improvement on existing technology and builds on Stryker’s IVS portfolio,” said Dr. Anthony Brown, a vascular and interventional radiologist at Radiology Imaging Associates, Colorado. “There is no more deserving patien…

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Stryker launches delivery system for foot, ankle procedures

Stryker (NYSE:SYK) announced today that it launched its Pulse intelligent delivery platform for high-volume foot and ankle procedures.

Kalamazoo, Michigan-based Stryker designed Pulse to provide an integrated product configuration and delivery offering. It is for foot and ankle surgery within the ambulatory surgery center (ASC) care setting.

Pulse features surgery-ready forefoot products for reducing clutter in the operating room. It also provides ease of use, sterilization processing cost savings and sustainability.

According to a news release, the platform’s procedure mapping technology learns from customer preferences. It makes inventory recommendations to keep facilities stocked with what they need. Its radio frequency identification (RFID) technology monitors ASC inventory and triggers replenishment orders automatically.

“As surgical procedures continue to migrate to the ASC setting, both surgeons and administrators are looking fo…

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The 10 largest medtech employers — and what their employees really think

Employees of the 10 largest medtech employers are happy to be a part of a company that is having a positive impact on patient populations.

That was one major takeaway as MassDevice compiled some current and former employee reviews posted on Glassdoor.

Medtronic, Philips and Johnson & Johnson MedTech top the list of largest medtech employers. The 10 companies we looked at were the largest employers in Medical Design & Outsourcing‘s newest Big 100 report on the largest medical device companies.

Company Employees Medtronic 95,000 Philips 78,189 Johnson & Johnson MedTech 75,000

As with most companies, there are some qualms with corporate bureaucracy and reorganizations creating frustration for employees.

Employment in the medtech industry is on the rise, according to a recent analysis of our Medtech Big 100 data. There were 1,268,924 employees among the 100 largest companies that report human capital in their annual repor…

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What are the largest medical device companies?

Medtronic, Johnson & Johnson MedTech and Siemens Healthineers top the Big 100 list of largest medical device companies by revenue.

The 2022 edition of MassDevice and Medical Design & Outsourcing‘s Big 100 report also holds surprises.  Big conglomerates are spinning out medtech businesses as stand-alone companies, and that means changes to the list of 100 largest medical device companies.

Colfax, for example, engaged in business moves that turned DJO’s parent into Enovis, a large, stand-alone orthopedic device company that is No. 56 in 2022’s Big 100. ZimVie, formerly Zimmer Biomet’s spine and dental business, is 69th. And after decades under larger corporate umbrellas, Cordis debuts at No. 76 on the list.

We collected thousands of data points to size up the industry’s publicly traded companies and privately held firms. The Big 100 includes annual revenue, R&D spending, employee counts, key leaders, headquarters locatio…

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Stryker launches new hip fracture nailing system

[Image from Stryker]Stryker (NYSE:SYK) announced today that it launched the Gamma4 next-generation intramedullary nailing system.

Kalamazoo, Michigan-based Stryker designed its Gamma4 system to treat stable and unstable fractures. It also holds indication for the stabilization of bones and the correction of bone deformities.

It covers bone deformity correction in the intracapsular, trochanteric, subtrochanteric and shaft regions of the femur. Gamma4 also treats both osteoporotic and osteopenic bone.

“Since 2004, the Gamma3 System has been the proven work horse of our Trauma business,” said Eric Tamweber, VP and GM, Stryker’s Trauma business unit. “But we aren’t proven because we have a legacy; we have a legacy because we are proven. That’s why we’re so excited to introduce Gamma4—an enhanced, modern product that is designed to fulfill our customers’ hip fracture needs.”

Stryker’s system features the Precision Pin to reduce the potential for ski…

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FDA reports sterilization challenge progress as EPA takes aim at EtO emissions

Ethylene oxide (EtO) gas can penetrate paper and cardboard, doesn’t discolor or harm plastics used in many devices, and can sterilize truckloads of devices at one time. [Photo courtesy of the FDA]

The FDA offered an update on its efforts to make medical device sterilization safer as the EPA identified 23 U.S. facilities where use of ethylene oxide (EtO) presents a risk to communities.

The FDA said it is similarly concerned about unsafe EtO emissions and highlighted work with the medical device industry to reduce EtO usage and develop new sterilization methods.

Those innovation challenges are making “encouraging progress,” FDA said, with some facilities cutting EtO emissions by an estimated 20% to 35%.

“In general, manufacturers are targeting an ethylene oxide cycle concentration that is 11-66% less than the typical ethylene oxide concentration range,” the FDA said in a news…

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Stryker opens new 3D printing facility in Ireland

[Image from IDA]Stryker (NYSE:SYK) announced today that it officially opened a new, high-tech facility in the Anngrove neighborhood of County Cork, Ireland.

The new, 156,000-square-foot 3D printing facility will bring 600 jobs to the area and will help Stryker advance its leadership position in additive manufacturing.

Kalamazoo, Michigan-based Stryker said in a news release that it has made significant investments in Anngrove and will continue to invest for growth. Taoiseach Micheál Martin and Ireland’s Industrial Development Agency (IDA) and other local guests were in attendance for the opening.

“I am delighted to be at the opening of Stryker’s newly expanded Anngrove facility, a very welcome development for Cork and the South West region,” Martin said in the release. “Today’s opening and announcement of the capacity for new jobs is testament to the capability, dedication and vision of the Stryker team, and of the growth and success of St…

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The 10 largest orthopedic device companies in the world

Stryker, Johnson & Johnson’s DePuy Synthes and Zimmer Biomet top the list of largest orthopedic device companies. [Adobe Stock image]With elective procedure numbers rebounded after the darkest days of the COVID-19 pandemic, most of the world’s largest orthopedic device companies saw their revenues increase by double-digit percentages during their most recent fiscal years.

Here are the world’s 10 largest orthopedic device companies, ranked by ortho business revenue pulled from their most recent annual reports:

Largest orthopedic device companies Annual revenue (% change) Headquarters 1 Stryker $17.1 billion (+19.2%) Kalamazoo, Michigan 2 Johnson & Johnson – DePuy Synthes $8.6 billion (+10.6%) Locations: Raynham, Massachusetts.; West Chester, Pennsylvania; Warsaw, Indiana; Palm Beach Gardens, Florida 3 Zimmer Biomet (minus ZimVie spinoff) $6.8 billion (+11.6%) Warsaw, Indiana 4 Medtronic – Cranial & Spinal Technologies $4.5 billion (+3.9%) Locat…
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