Medtech company Stryker to invest €200m in R&D in Cork facilities

Stryker has been in operation in Ireland for more than 20 years, has six locations and employs more than 3,500 people. Photograph: iStock

The funding will drive the development of next-generation products

US-based medtech company Stryker is to invest more than €200 million at research and development in three of its Cork facilities.

The funding is part of the company’s drive to develop next-generation products and services across its medical surgical, orthopaedics and neurotechnology and spine units.

The investments will be made at projects at its Amagine Institute, which develops additive manufacturing products for its spine, craniomaxillofacial and joint replacement units; its neurovascular business, which develops stroke treatment products ; and its instruments innovation centre, which designs and commercialises new surgical devices.

The Michigan-headquartered company has been in operation in Ireland for more than 20 years, has six locations and employs more than 3,500 people.

“At Stryker we are committed to making healthcare better for our customers and their patients. Our mission is driven by a collaborative focus, leveraging the knowledge and experience of our talent across the globe.

“Our team in Ireland has built considerable research and development and new product development capabilities through the partnership of multiple divisions over the past 20 years in an effort to serve multiple market segments,” said Stryker’s Spencer Stiles.

By Ciara O’Brien | Irish Times

Image Credit: iStock

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About Peter Coffaro 670 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.

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