Stryker Launches Iconix - Analyst Blog
19 3월 2013 - 9:30PM
Zacks
Orthopedic major, Stryker
Corp. (SYK) has launched the Iconix all suture anchor
platform with IntelliBraid technology at the American Academy of
Orthopaedic Surgeons 2013 Annual Meeting. The device is used in
shoulder and hip arthroscopy surgeries.
The Iconix family of anchors from
Stryker's Joint Preservation business represents the next
generation suture anchor technology with innovative design. Iconix
has been around since the first use of all suture fixation
technology in clinical cases in 1998.
Stryker acquired this pioneering
all suture platform from Laurane Medical, which it took over in
2011. Since then, the company has invested in developing the
technology to meet the current operating room needs and allow more
flexibility to doctors.
Stryker, with a market-cap of
$24.65 billion, is one of the largest medical device manufacturers
operating in the global orthopedic market. The ongoing turnaround
in the company’s core Reconstructive business is a major positive
for Stryker.
The company’s well-diversified
product portfolio, expanding foothold in emerging markets along
with acquisitions are expected to drive future growth. Recently, it
completed the acquisition of China-based Trauson Holdings to grow
its market share in the value-oriented orthopedic segment in
developing nations.
Moreover, the company remains
committed in delivering incremental returns to investors, as
reflected in the recent hike in dividend and sizeable share
repurchase program.
However, Stryker faces several
challenges, which include continued soft international sales and
tough hospital capital budgets. Despite the recent stability in the
domestic market, the company remains challenged by the prevailing
austerity measures in Europe.
Stryker carries a Zacks Rank #3
(Hold). Companies like Abaxis (ABAX),
Edwards Lifesciences (EW) and
Hanger (HGR), each carrying a Zacks Rank #2 (Buy),
are expected to do well in the medical industry.
ABAXIS INC (ABAX): Free Stock Analysis Report
EDWARDS LIFESCI (EW): Free Stock Analysis Report
HANGER ORTHOPED (HGR): Free Stock Analysis Report
STRYKER CORP (SYK): Free Stock Analysis Report
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