29/10/2019
TOP 10 Biomedical Companies in the world - 2019 List
Medtronic plc
Medtronic has always been one of the top medical device companies in the world over the past decades. Established in 1960, the Ireland based medical device manufacturer has achieved a total revenue of almost $30 billion last year, making it the largest medical device company in the world of 2019. The company’s businesses are mainly operated through four major groups, including cardiac and vascular group (CVG), restorative therapies group (RTG), diabetes group, and minimally invasive therapies group (MITG). In late 2018, Medtronic acquired Mazor Robotics – a world’s leading orthopaedic device manufacturer – with a $1.7 billion deal, which further strengthened Medtronic’s dominating position in the global medical device market.
Johnson & Johnson
Johnson & Johnson Medical Devices Companies is a subsidiary of the US-based pharmaceutical giant, Johnson & Johnson. The group also owns a number of medical device businesses including Acclarent, Biosense Webster, Cerenovus, DePuy Synthes, and Ethicon. The company is of the world’s leading medical device companies particularly in areas of orthopaedic, cardiovascular, diabetes, vision care and surgery. In 2018, Johnson & Johnson achieved nearly $27 billion revenue through its medical device business.
Philips Healthcare
Philips Healthcare, a subsidiary of the multinational technology conglomerate Philips, is well known around the world for its health technology solutions and advanced medical device products. The company’s major medical device business divisions include diagnosis and treatment, connected care and health informatics, and personal health. In 2018, Philips Healthcare achieved over $20.7 billion revenue, mainly attributed to its growing sales of diagnostic imaging devices in emerging markets such as China and India.
GE Healthcare
GE Healthcare is a world’s leading healthcare system and life science business owned by the US conglomerate GE Electric Company. It is one of the world’s largest healthcare solution and medical device companies, well-known for manufacturing and selling advanced medical equipment such as imaging, ultrasound, and healthcare devices (e.g. Mammography and CTs). GE healthcare also provides pharmaceutical solutions and medical diagnostics services in the global market. In 2018, GE healthcare generated almost $20 billion revenues.
Siemens Healthineers
Siemens Healthineers is one of the leading developers and manufacturers of medical devices in the global healthcare industry. As a subsidiary of the German electrics giant Siemens, its product portfolio mainly includes medical imaging devices and diagnostic equipment. In 2018, Siemens Healthineers generated over $15 billion revenues. The sales of medical imaging devices are the largest contributor of Siemens Healthineers’ revenues, while regions like Americas, Europe, and South East Asia are some of the largest markets for Siemens’ medical device products.
Fresenius Medical Care
Fresenius Medical Care is a German health care company that provides medical devices and services for dialysis, hospitals as well as inpatient and outpatient medical care. It is also one of the world’s top medical device suppliers for chronic kidney disease and dialysis treatment. The company achieved revenues of nearly $19 billion in 2018, North America is currently the largest market for Fresenius’ medical products, representing about 70% of the company’s total revenues.
Abbott Laboratories
Abbott Laboratories is a US healthcare company, specialized in medical devices, diagnostic solutions, nutrition, and branded generic pharmaceuticals businesses. Its medical and diagnostic equipment products are widely used around the world by hospitals, laboratories, blood banks, and healthcare centres to diagnose and monitor diseases. In 2018, Abbott Laboratories’ medical device sector generated around $18.8 billion revenue, making it one of the world’s largest medical device manufacturers.
Becton Dickinson
Becton Dickinson is a world’s leading medical technology company which is engaged in the development, manufacture and sale of a range of medical devices, healthcare supplies, laboratory equipment and diagnostic products. The Company operates through two major segments: BD Medical and BD Life Sciences. In 2018, the BD Medical generated a total revenue of $8.6 billion through its medical device business.
Cardinal Health
Cardinal Health is a Fortune Global 500 and one of the world’s largest medical device and pharmaceutical companies based in the US. Cardinal Health is the largest manufacturer of medical devices and surgical products in the US, supplying over 75% of the hospitals in the country. In 2018, the company’s medical business segment achieved total sales of $15.6 billion, representing over 11% of the company’s total revenue in that year.
Stryker
Stryker is another world’s leading medical technologies companies based in the US. Stryker’s products mainly include medical device surgical products used in joint replacement and trauma surgeries; endoscopic systems; neurosurgical, neurovascular and spinal devices. It also ships its medical products to clinics, hospitals and other healthcare facilities over 100 countries around the world. In 2018, Stryker generated over $13 billion revenue, making it one of the world’s top medical device companies in 2019.
