Don’t Sweat the Ortho Ups and Downs, Stryker Says

Some analysts have expressed concern about softer procedure volume trends across the orthopedic industry this year, particularly in hips and knees. But as Stryker CEO Kevin Lobo pointed out, we’ve seen this movie before.

Now that Johnson & Johnson, Zimmer Biomet, and Stryker have all reported earnings results from the most recent quarter, some analysts have pointed out that procedure volumes seem to be down across the industry, particularly for hip and knee surgeries.

While Stryker reported strong quarterly growth across its businesses and continues to train more surgeons on Mako Total Knee procedures, quarter-to-quarter variability is pretty typical in orthopedics, CEO Kevin Lobo assured analysts during the company’s earnings call.

“Let’s see how the second and third quarter play out, but this is not unusual. We had a pretty strong fourth quarter, a little bit softer first quarter. We’ve seen that movie multiple times over the past five years,” Lobo said, according to Seeking Alpha transcripts. “I still see the market as very stable from a procedural standpoint and we’re really much more focused on driving our growth through share gains.”

Katherine Owen, vice president of strategy and investor relations at Stryker, said there doesn’t seem to be any indication that the underlying demand for hip and knee reconstructive procedures has changed.

By Amanda Pedersen | MD+DI

Image Credit: Pixabay

READ MORE

Avatar
About Peter Coffaro 689 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the orthopedic industry. Recognized by MedReps.com as one of the top medical sales influencers in the industry; he has 10 years of combined sales management experience and has held positions as a Director, General Manager and Distributor. Peter has worked for some of the top orthopedic companies in the world - Zimmer, DePuy and Stryker. He is also the founder of OrthoFeed: a popular blog that covers orthopedic news and emerging medical technologies. Peter is a three-time Hall of Fame award winner at Johnson and Johnson and has an extensive background in organizational development, business development, sales management, digital marketing and professional education. Peter holds a B.S. degree in Biology from Northern Illinois University.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.