Stryker is a leading medical technology company in the world. The company offers innovative products and services in various medical disciplines that aim at making surgery more efficient, reduce trauma and improve techniques. The company operates through Medical and Surgical (44% of 2018 sales), Orthopaedics (37%), and Neurotechnology and Spine (19%) segments. Stryker enjoys No.1 market position in medical, instruments and sustainable solutions. Its products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; patient handling, emergency medical equipment, and intensive care disposable products; and spinal devices; as well as other products used in a variety of medical specialties. The company has 23 company-owned and 273 leased locations worldwide including 43 manufacturing locations. Stryker has a large geographic footprint extending to the U.S. (more than 70% of total sales), developed markets (~20%) and emerging markets (less than 10%). The company’s products are sold in over 80 countries through company-owned subsidiaries and branches, as well as third-party dealers and distributors. The company reported higher sales growth in markets other than the U.S. in the last year.
Healthcare can be a profitable sector to have in your portfolio. Any dividend growth investor should consider having at least 1 healthcare dividend stocks. As a market, the healthcare industry is highly regulated and not easy to get into but … Read more