Stryker: Aging Societies as a Reliable Demand Anchor

Stryker is one of the heavyweights in medical technology and benefits from structural trends that go well beyond cyclical fluctuations. The company is strongly positioned in orthopedics, neurosurgery, and medical technology for hospitals, earning its revenue where aging societies, increasing surgery numbers, and technological advancements converge. The business model is particularly attractive due to the high share of recurring revenues from implants, consumables, and services, which create long-term customer relationships. At the same time, Stryker...