Top 5 Medical AI Companies

4. Stryker Corporation (NYSE:SYK)

Market Cap: $104.2B

Medical device company Stryker Corporation (NYSE:SYK) uses AI and machine learning in its platforms. Stryker Corporation (NYSE:SYK)’s CEO Kevin Lobo in 2022 said in an interview that the company is going all-in on AI. He said Stryker Corporation (NYSE:SYK) was already using AI for procedures like surgery preparation and patient monitoring. The executive talked about the technology developed by Gauss Surgical, which was acquired by Stryker Corporation (NYSE:SYK). He said that Gauss’s AI technology helps doctors see how much blood a patient has lost using AI systems.

ClearBridge Large Cap Growth Strategy made the following comment about Stryker Corporation (NYSE:SYK) in its second quarter 2023 investor letter:

“Supporting our widely-held names in the second quarter were solid contributions in health care, where we benefited from an overweight to medical device stocks Intuitive Surgical and Alcon which moved higher on signs of improving procedure growth. Supply chain headwinds and labor shortage bottlenecks are now easing while ambulatory surgery centers are adding more surgery hours, which should be a boon to these stocks as well as to orthopedic and spine surgery products specialist Stryker Corporation (NYSE:SYK).”