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Stryker Corporation

One of the world's leading medical technology companies offering innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine

Categories

Industrial Manufacturing  

#109

Rank

$138.99B

Marketcap

US United States

Country

Stryker Corporation
Leadership team

Homer Stryker (Founder)

Ronda E. Stryker (Board Member)

Industries

Industrial Manufacturing

Products/ Services
Medical devices, orthopaedic
Number of Employees
20,000 - 50,000
Headquarters
Kalamazoo Michigan U.S.
Established
1941
Company Registration
SEC CIK number: 0000310764
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SYK
Social Media
Overview
Location
Summary

Stryker Corporation is a Fortune 500 medical technologies company based in Kalamazoo, Michigan. Founded in 1941, they specialize in the design, manufacture, and marketing of medical technology products and services. Their products include orthopaedic implants, medical and surgical equipment, endoscopy and communications systems, as well as patient handling and emergency medical care products. Stryker has more than 32,000 employees and operates in over 100 countries worldwide. 

The company has a strong focus on innovation, creating new products and continually improving existing ones. Stryker is a leader in the medical technology industry, and the company's products are used in hospitals and medical centres around the world.

History

Stryker Corporation is a leading global medical technology company that develops and manufactures a wide range of medical devices and equipment. The company is based in Kalamazoo, Michigan, and was founded in 1941 by Dr. Homer Stryker, an orthopedic surgeon who was also an inventor and entrepreneur.

Dr. Stryker initially focused on developing innovative medical devices and equipment for use in orthopedic surgery, including the first mobile hospital bed, a saw for cutting bone, and a device for stretching the spine. Over time, the company expanded into other areas of medical technology, including endoscopy, neurosurgery, and surgical navigation.

In 1979, Stryker Corporation became a publicly traded company, and in the decades that followed, the company continued to grow through a combination of organic growth and strategic acquisitions. One of the company's most significant acquisitions came in 1998 when it acquired Howmedica, a leading manufacturer of orthopedic implants and surgical instruments.

Today, Stryker Corporation is one of the world's largest medical technology companies, with more than 40,000 employees and operations in over 100 countries. The company's product portfolio includes a wide range of medical devices and equipment, including joint replacements, surgical instruments, imaging systems, and patient handling equipment.

Stryker Corporation has been recognized for its commitment to innovation and sustainability. In 2019, the company was named one of the world's most innovative companies by Forbes, and it has also been recognized for its efforts to reduce its environmental impact and promote social responsibility.

In recent years, Stryker Corporation has continued to expand its product portfolio through a combination of internal development and strategic acquisitions. In 2020, the company acquired Wright Medical Group, a leading manufacturer of orthopedic implants and instruments, and in 2021, it acquired Gauss Surgical, a developer of AI-powered surgical technology.

Overall, Stryker Corporation has a long and storied history of innovation and growth in the medical technology industry. With its commitment to innovation and sustainability, the company is well-positioned to continue leading the way in the development of advanced medical devices and equipment that improve patient outcomes and quality of life.

Mission

Stryker Corporation's mission statement is: "Together with our customers, we are driven to make healthcare better."

This mission reflects the company's commitment to working collaboratively with healthcare providers and other stakeholders to improve patient outcomes and quality of life. The company believes that innovation and technology play a critical role in achieving this mission, and it is committed to developing and manufacturing advanced medical devices and equipment that meet the evolving needs of patients and healthcare providers.

In addition to its focus on innovation, Stryker Corporation is also committed to sustainability and social responsibility. The company has set ambitious goals for reducing its environmental impact, promoting diversity and inclusion, and giving back to the communities in which it operates. Through these efforts, Stryker Corporation is working to make a positive impact on healthcare and society as a whole.

Vision

Stryker Corporation's vision statement is: "Together with our customers, we are driven to make healthcare better by providing innovative products and services that meet the evolving needs of healthcare professionals and patients."

This vision reflects the company's commitment to innovation and collaboration in the pursuit of better healthcare outcomes. Stryker Corporation's focus on meeting the evolving needs of healthcare professionals and patients highlights its understanding of the changing landscape of healthcare and the importance of adapting to meet those changes.

The company's vision also emphasizes its commitment to providing not only innovative products, but also services that support the delivery of quality healthcare. Stryker Corporation recognizes that medical technology is only one component of delivering effective healthcare, and it aims to provide a comprehensive range of products and services that meet the diverse needs of healthcare providers and patients.

Key Team

Allan C. Golston (Board Member)

Glenn S. Boehnlein (Chief Financial Officer & Vice President)

Lisa M. Skeete Tatum (Board Member)

M. Kathryn Fink (VP, Chief HR Officer)

Mary K. Brainerd (Board Member)

Rajeev Suri (Board Member)

Sherilyn D. McCoy (Board Member)

Robert S. Fletcher (VP, Chief Legal Officer)

Srikant T. Madhav Datar (Board Member)

Recognition and Awards
Fortune 500, Fortune’s World’s Best Workplaces in 2019 - One of the “World’s Most Admired Companies” by Fortune Magazine - Additionally, the company has been recognized for its commitment to sustainability and for its innovative products, receiving awards from the US Environmental Protection Agency and the Medical Device Manufacturers Association.
Products and Services

Stryker Corporation is a diversified medical technology company that offers a wide range of products and services across multiple healthcare specialties. However, the company is perhaps best known for its products and services in the orthopedics space.

Stryker Corporation's main product offerings include joint replacements, such as hip, knee, and shoulder replacements, as well as trauma implants, spinal implants, and surgical instruments used in orthopedic procedures. The company also offers a range of surgical navigation and imaging systems that help surgeons to plan and execute complex procedures with greater accuracy and precision.

In addition to its product offerings, Stryker Corporation provides a variety of services to support the delivery of quality healthcare. These services include consulting, training, and technical support for healthcare providers, as well as maintenance and repair services for its products.

Stryker Corporation has also expanded into other areas of medical technology, including endoscopy, neurosurgery, and patient handling equipment. In these areas, the company offers a range of products and services that help healthcare providers to diagnose and treat a variety of conditions and to improve patient outcomes and quality of life.

References
Stryker Corporation
Leadership team

Homer Stryker (Founder)

Ronda E. Stryker (Board Member)

Industries

Industrial Manufacturing

Products/ Services
Medical devices, orthopaedic
Number of Employees
20,000 - 50,000
Headquarters
Kalamazoo Michigan U.S.
Established
1941
Company Registration
SEC CIK number: 0000310764
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
SYK
Social Media