SYK · Earnings call · 2026Q3T · Full report

Competition and Market Position

STRYKER CORP · 2026-10-29 · Importance 32 · Surprise 24

Management said it has not been winning in hips and knees at its historical rate and attributed part of the change to distracted commercial teams and weaker execution, while saying it has not lost major blocks of business to competitors. It characterized recent hip and knee growth as more in line with the market after several years of exceeding market growth. Management is taking actions to improve competitive conversions and new-product adoption, including strengthening execution behind Mako and other enabling technology platforms. It views the hip impactor as an important addition to improve competitive conversions in hips.

Key facts

• Stryker is taking actions to improve competitive conversions and new-product adoption.
• Stryker said it had not been winning hip and knee business at its historical rate.
• Stryker said it had not seen notable hip and knee share movement over the prior 12 months and had been growing more in line with the market in recent quarters.