Stryker's Q4, 2023 sales grow: 5 notes

Spinal Tech

Stryker on Jan. 30 posted fourth quarter and full year revenue gains in 2023.

Five things to know:

1. Fourth quarter sales were up 11.8% year-over-year with $5.8 billion. Full-year sales were $20.5 billion, an 11.1% increase from 2022.

2. Orthopedic sales in the fourth quarter were $2.4 billion, an 11% increase year-over-year. Hip sales were $414 million, and knee sales were $630 million.

3. Spine sales in the fourth quarter were $318 million. For the full year, spine sales were $1.2 billion. 

4. Full year orthopedic sales were $8.7 billion, up 10.5% compared to 2022. Medsurg and Neurotechnology sales in 2023 were $11.8 billion, up 11.5% compared to 2022.

5. Stryker expects to see 7.5% to 9% increases in 2024 revenue compared to 2023. This is based on procedural volumes, demand for capital products and "stabilizing macro-economic
environment," according to a news release.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers