In May 2023, Stryker announced plans to lay off more than 500 employees by the end of December as it shuttered a facility in Lakeland, Fla.
Here are some key performance notes from the company over the last year:
1. Stryker saw a 9.7% year-over-year increase in sales during the first quarter of 2024. Its net sales were $5.2 billion and its orthopedic and spine sales grew 7.5% year over year.
2. Stryker completed its acquisition of hip implant company Serf SaS.
3. Stryker launched an expansion of its Prophecy surgical planning system, Prophecy Footprint, that aims to offer surgeons comprehensive planning for the entire foot.
4. Stryker expanded its Gamma4 hip fracture nailing system with the addition of an intermediate nail, the RC lag screw, and an anti-rotation clip with sleeve components.
5. For the first time in its history, in 2023, Stryker's full-year sales surpassed $20 billion.
6. Stryker's third-quarter revenue rose 9.6% in 2023, reaching a net sales increase of 9.6% year over year.
7. Stryker's Q Guidance spine navigation system surpassed 2,400 surgical cases in October.
8. Stryker posted $5 billion in net sales during the second quarter of 2023, an 11.2% increase year over year.
9. Stryker launched its Q Guidance System with cranial guidance software in July 2023.
10. Stryker launched its Ortho Q Guidance system, the only fully autonomous guidance system in orthopedics.