and has products in every sector of the orthopedic market . For the full year of 2016 , sales were $ 11.3 billion , up from $ 9.9 billion in 2015 . The following table shows the sales details for 2016 .
Wall Street Analyst Joanne Wuensch of BMO Capital Markets Corp . said : Mako ! Mako ! Mako ! And went on to say , “ In the [ fourth quarter of 2016 ], the company sold 32 robots including 24 in the U . S . bringing the total numbers to 381 worldwide with 333 in the U . S . This placement will create the base for the next phase of Mako adoption , or the introduction of the Mako Total Knee at the American Academy of Orthopaedic Surgeons 2017 annual meeting ”.
Mike Matson , an analyst with Needham & Company , LLC however said , “ Clearly [ the fourth quarter of 2016 ] was a solid quarter for [ Stryker Corporation ], but we remained concerned about investor expectations for Mako and a slowdown in hospital capital spending , following an [ Affordable Care Act ] repeal / replacement and maintain our Underperform rating .”
Kevin A . Lobo , chairman and chief executive officer , said in a press release , “ I am pleased with our performance in both the fourth quarter and the full year 2016 . Fourth quarter organic sales growth of 6.7 % versus a strong prior year is impressive and
Stryker Posts 6.7 % Fourth Quarter Sales Increase
Stryker Corporation announced on Wednesday January 25 , 2017 that sales for the fourth quarter ended December 31 , 2016 rose 6.7 % ( excluding currency and acquisitions ). Sales for the quarter were $ 3.157 billion , which is up from $ 2.715 billion reported in last year ’ s quarter .
Stryker Corporation , which is based in Kalamazoo , Michigan , is one of the largest orthopedics companies in the world
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was balanced across Orthopaedics , MedSurg and Neurotechnology and Spine .”
For 2017 , the analysts are now forecasting that sales will rise 7-8 % and reach about $ 12.2 billion for the year . The sector that most analyst think will grow the fastest is Med- Surg with Reconstructive growing the slowest . — TR