Who are the top 10 medical device companies?
Based on medical-device and MedTech revenue, leading global medical device companies include Medtronic, Johnson & Johnson MedTech, Medline Industries, Siemens Healthineers, Stryker, GE HealthCare, Philips, Abbott's medical device business, Boston Scientific, and BD. Rankings can vary depending on whether total company revenue or medical-device-specific revenue is used.
Answer
The top medical device companies are best compared using revenue generated from medical technology and related device operations rather than total corporate revenue, because several large healthcare companies also operate pharmaceutical, diagnostic, or other businesses.
One recent industry ranking of medical-device revenue identifies the following major manufacturers:
• Medtronic
• Johnson & Johnson MedTech
• Medline Industries
• Siemens Healthineers
• Stryker
• GE HealthCare
• Philips
• Abbott – medical device operations
• Boston Scientific
• BD – medical and interventional operations
These manufacturers operate across major medical-device categories including cardiovascular devices, surgical technologies, imaging systems, orthopedic products, patient monitoring, infusion systems, diagnostics, and minimally invasive technologies.
Rankings can differ substantially between sources. For example, a ranking based on total corporate revenue can place diversified companies such as Abbott higher than a ranking based only on medical-device revenue.
For distributors and procurement professionals, company size is only one selection criterion. Product registration status, quality-management systems, ISO 13485 certification, manufacturing capacity, portfolio suitability, pricing, and distributor support are also important considerations.
Trust Our Expert Answers?
Looking for a Medical Device Manufacturing Partner?
Explore AdvaCare Pharma’s medical device portfolio for international distribution.