Surge in demand at Stryker's Irish arm sees profits rise by 30%

The company posted a pre-tax profit of €58.6m last year as it continues to increase its presence in Ireland

Stryker Anngrove, Cork, Ireland.

Pre-tax profits at med-tech giant Stryker increased by 30% to €58.6m in 2022 following continued increases in demand, with the removal of pandemic restrictions "normalising operations" for the company. 

The medical device manufacturer, which is one of the largest private-sector employers in Cork, saw both turnover and operating costs increase by 34% as a result of surging demand, with shareholder funds rising by 19% following heavy investment by Stryker in tangible assets.