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

June 13, 2019 3D Printing, Medical Devices, Medical Technology, Orthopedics, R&D, Stryker

GettyImages-824219476 — 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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Peter Coffaro is a growth-driven and strategic executive with over 25 years of progressive management success in the medical device industry. With a proven track record and recognized expertise, Peter has established himself as one of the top influencers in medical sales, as acknowledged by prestigious publications such as the World Journal of Orthopedics, Exponential Healthtech, and MedReps.com. Throughout his career, Peter has accumulated 10 years of combined sales management experience, excelling in various roles including Director, General Manager, Distributor, and Vice President. He has worked for industry-leading orthopedic companies such as Zimmer, DePuy, and Stryker, solidifying his deep knowledge and network within the field. Peter’s passion for innovation and emerging technologies led him to found OrthoFeed, an award-winning blog covering digital orthopedic news and emerging medical technologies. Through this platform, he stays at the forefront of the industry and contributes to the dissemination of valuable insights. Peter is a three-time Hall of Fame award winner at Johnson and Johnson, demonstrating his exceptional contributions and impact on the organization. His expertise extends to areas such as organizational development, business development, sales management, digital marketing, and professional education. Peter earned a B.S. degree in Biology and Chemistry from Northern Illinois University, further complementing his comprehensive understanding of the medical field. With his wealth of experience, strategic mindset, and dedication to advancing healthcare, Peter Coffaro is a valuable asset and leader in the medical device industry.