Five notes
1. Total revenue grew 11.8 percent year-over-year.
2. Orthopedic and spine sales were $2.1 billion, a 12.7 percent increase from the same time in 2022. Knee sales grew 22 percent with $566 million, and hip sales grew 14.4 percent with $375 million.
3. Spine sales rose 1.9 percent year-over-year with $284 million in first quarter sales. The trauma and extremities segment saw $769 million in sales, a 12.4 percent increase year-over-year.
4. The medsurg and neurotechnology segment saw $2.7 billion in sales representing an 11 percent increase year-over-year.
5. Stryker saw net earnings of $592 million in the first quarter of 2023.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.