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Company Description.docx

Company Description.docx - Company Description Stryker...

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Company Description Stryker Corporation develops, manufactures, and markets specialty surgical and medical products. The Company's products include implants, biologics, surgical, neurologic, ear, nose and throat and interventional pain equipment, endoscopic, surgical navigation, communications and digital imaging systems, as well as patient handling and emergency medical equipment. Extended Company Description (Source: Hoover's Inc., a Dun & Bradstreet Company) OVERVIEW Is this an operating room or Dad's workshop? Stryker's surgical products include such instruments as drills, saws, and even cement mixers. The company's Orthopaedic segment makes artificial hip and knee joints, trauma implants, bone cement, and other orthopedic supplies. The MedSurg equipment segment houses microsurgery instruments, endoscopy equipment, and communications and patient handling tools. Stryker's Neurotechnology and Spine unit provides rods, screws, and artificial discs for spinal surgeries, as well as coils and stents for cerebral vascular procedures. The firm's products are marketed globally to doctors, hospitals, and other health care facilities via direct sales personnel and distributors. Operations Stryker operates through three primary segments -- MedSurg, Orthopaedic, and Neurotechnology & Spine. MedSurg is the largest segment, bringing in about 45% of total revenues. Its MedSurg Equipment division provides surgical navigation systems, endoscopic systems, emergency medical equipment, and other medical devices. Its biggest customers are hospitals and other care providers who have to invest a decent chunk of cash in order to upgrade their surgical equipment. Stryker's Orthopaedic segment is nearly as large, accounting for about 40% of annual revenues. The division's leading products include the Triathlon and Scorpio knee implant systems, Simplex bone cement, the VariAx and Hoffman systems, and the Oasys spinal implant.
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The company's smallest segment -- Neurotechnology & Spine -- accounts for some 20% of sales. It provides both neurosurgical and neurovascular devices for minimally invasive surgical procedures. Spinal implant products include cervical, thoracolumbar, and interbody systems used in various therapies.
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