Despite largely favorable overall fourth-quarter 2012 results, Stryker Corp. emphasized the need to enlarge its foothold on overseas territory during its Jan. 23 earnings call.
Stryker Emphasizes Overseas Opportunities, Difficulties
Stryker reported generally positive earnings and revenue for 2012 despite struggles in Europe. The company is reorganizing its European business while developing its strategy for emerging markets.
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A New South Korean law, the Digital Medical Products Act, enhances regulation for digital health products. Medical devices in the country are categorized both by risk and by similarity to already authorized devices. The approval process may stretch to 515 days for new manufacturers.