The company can attribute its financial success to product line sales, including the sale of reconstructive products, MedSurg products and neurotechnology and spine products. There was a higher recorded shipment of hip, trauma and extremities implant systems, which offset lower shipments of knee and other implant systems. However, the company also experienced a 3.1 percent net earnings decrease from $319 million in the second quarter of 2010 to $309 million during the second quarter of 2011.
The company’s hip business reported $312 million, an 11 percent increase over last year. The knee business only experienced a 4 percent increase to $328.5 million during the second quarter of this year. The company’s spine business experienced an 8 percent increase to $169 million.
During the second quarter, Stryker also acquired Orthovita.
Read the release on the financial report from Stryker.
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Staying Competitive in the Orthopedic Device Market: Q&A With Stryker Orthopaedics
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