The company provides its services in 50 countries and provides excellent services. The biggest loss, at negative 11.6 percent, was Johnson & Johnson, which nonetheless retained its No. Amplifon SpA is an Italian-British company founded in 1950 and has its headquarters in Milan, Italy. The corporation consists of 250 subsidiary companies operating in 60 countries and selling products in over 175 countries, having more than 132000 employees sizes. It will enable you to choose the right and strategic partner to scale up your business process. Please do not hesitate to contact me. It is one of the largest healthcare solutions and medical device companies in the world, well known for manufacturing and selling advanced medical devices such as imaging, ultrasound, and medical devices (e.g. If you are an admin, please authenticate by logging in again. Past performance is not indicative of future results. Mid-cap medical device companies have a market cap of $2 billion to $10 billion. It designs, manufactures, and markets the products and systems that are used in respiratory care, acute care, and the treatment of obstructive sleep apnea. And now Terumo is producing medical disposables, cardiovascular systems, and diabetes care products. In 2020- the US FDA has granted EUA for the company's several COVID-19 related products including its diagnostic tests. But, like other healthcare companies responding to the pandemic, it also has a Covid-19 test. Mammography and CTs). Have you ever thought of the top medical device companies? As a Premium user you get access to background information and details about the release of this statistic. The company was founded in 1989 and it primarily specializes in cloud connectable medical devices for sleep apnea, chronic obstructive pulmonary disease, and other respiratory conditions. Medtronic PLC is an American Irish medical device company with headquarters in Dublin, Ireland. You can head on over to the 15 largest biotech companies in the world for more information. Here the Investing News Network looks at the five top medical device companies developing innovative medical technology and medical equipment to treat ailments. The Cooper Companies Inc is a publicly traded medical device company and has its headquarters in California, U.S. 2 overall position from 2020. Varian Medical System is an American radiation oncology treatment based in California and founded in 1948. Like many other healthcare companies, Thermo Fisher has jumped into the Covid-19 business. The COVID-19 pandemic struck the medical device industry harder than most in fiscal year 2021. Specifically, artificial intelligence has helped the medical device industry to overdeliver for a better healthcare system. And there are different categories of market cap. You can discover the biggest market players in the. Here are the biggest healthcare stocks by market cap, including companies that develop pharmaceuticals, make medical devices or provide medical insurance. } ); Merck traces its history back to 1668, making it the oldest company on our list. He has been featured by CNBC, Fox Business, Bloomberg, and MarketWatch. Fisher & Paykel healthcare corporation is a publicly-traded company founded in 1934 and has its headquarters in New Zealand. The global COVID-19 pandemic has been unprecedented and staggering, with medical devices experiencing lower-than-anticipated demand . } ); Waltham, Mass.-based Thermo Fisher Scientific Inc. manufactures scientific equipment, instruments and software used in medical research and development as well as reagents and consumables. Thermo Fisher Scientific is an American provider of scientific devices, reagents, and consumables, and software and services to health care, life sciences, and other academic research, government, and industry laboratories. According to WHO, a medical device is an instrument, apparatus, or machine that is used in the prevention, diagnosis, or treatment of illness or disease, or for detecting, measuring, restoring, correcting, or modifying the structure or function of the body for some health purpose. Get full access to all features within our Business Solutions. Induction Motor Market report summarizes top key players overview as Ward Leonard, WEG, ABB, AC Motoren, ATB, Cantoni Motor, CG Power Systems, and more . What are the largest medical device companies in 2021? His focus is on breaking down complex financial topics so readers can make informed decisions. 10. Facebook: quarterly number of MAU (monthly active users) worldwide 2008-2022, Quarterly smartphone market share worldwide by vendor 2009-2022, Number of apps available in leading app stores Q3 2022, Research expert covering health & pharmaceuticals in the UK & Europe, Profit from additional features with an Employee Account. Four of the most important of subtypes of stocks in the case of the healthcare sector include: As defensive stocks, healthcare companies provide steady returns in any market. As a Premium user you get access to the detailed source references and background information about this statistic. largest market after the US The European medical technology market is estimated to be roughly 150 billion in 2021 1,2. Smith+Nephew is a UK based medical technology company that is divided into three global franchises of Orthopedics, Advanced Wound Management, Sports . Healthcare stocks belong to companies that develop pharmaceuticals, manufacture medical devices or provide medical care or health insurance. Show publisher information authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. How did we shortlist the top 50 medical device companies? The shortage of ventilators during the first months of battling the COVID-19 pandemic was held responsible for death tolls in the first half of 2020. Statistic is based on the top 300 medtech companies. [Online]. The company has also developed one of the leading Covid-19 vaccines, which it expects will defend against the new omicron variant of the disease. Statista. If you have a regular brokerage account, you can easily add healthcare stocks to your taxable investment portfolio. Also, the company partners with healthcare providers and provides the best healthcare solutions. The core aim of the company is to produce and sell medical devices, instrument systems, and reagents. This is a medical equipment manufacturer that is used in interventional cardiology, interventional radiology, neuromodulation, cardiac surgery, vascular surgery, endoscopy, oncology, gynecology, and urology. Its primary areas of focus include cardiac and vascular care, minimally invasive therapies, restorative therapies and diabetes. Furthermore, the company also has a 38% market share of the dialysis market in the United States. [Online]. Editorial Note: We earn a commission from partner links on Forbes Advisor. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Performance information may have changed since the time of publication. Assets: $59 B. Danaher is also ranked 161st on the Fortune 500 medical device list. The company has its headquarters in Minnesota, U.S. and it has an employee size of over 93510. statistic alerts) please log in with your personal account. It is a Swiss multinational pharmaceutical company headquartered in Basel, Switzerland. "Largest Tech Companies by Market Cap in 2023" is a YouTube video that showcases the top 50 technology companies with the highest market capitalization in 20. It gets its name from Danaher Creek in western Montana, where co-founders Steven Rales and Mitchell Rales first conceptualized the company while on a fishing trip. By using the Omnipod Management system helps patients to get rid of a separate glucose meter, and also provides virtually pain-free cannula insertion. This is one of the medical equipment companies that designs, manufactures, and markets the Nucleus Cochlear plants, the hybrid acoustic plants, and the Baha bone conduction implant. Hoya corporation has its headquarters in Japan and it has an employee size of over 34300. As a Premium user you get access to the detailed source references and background information about this statistic. The company operates primarily in environmental sciences, diagnostics and life sciences. This phenomenon is nothing new, but there are increasing calls for government action and regulatory changes to do something about the ever-climbing cost of care and health insurance. (January 6, 2022). Like many other companies on our list, Danahers operations are vast and diverse. Get full access to all features within our Business Solutions. Learn more about how Statista can support your business. Its downturn is primarily due to the lockdowns imposed by governments all over the world that hindered the supply chain in the medical devices manufacturing sector. These are the heavy hitters of medtech, the 100 biggest companies in the medical device industry ranked by annual revenue. Rank Name Market Cap Price Today Price (30 days) Country; 1: GE HealthCare Technologies. I appreciate the timeliness and responsiveness of you and your team." - One of the Largest Companies in the Defence Industry. The company aims to provide dialysis therapies and services such as peritoneal & hemodialysis. And now the company is generating most of its revenues through medical device manufacturing. $11.63 B: . The company was founded in 1886 and develops medical devices, pharmaceuticals, and consumer-packaged goods. Furthermore, the company operates in more than 140 countries. This company has expertise in manufacturing a wide range of eye care and optical devices with wavefront technologies such as contact lenses, eyeglass lenses, photomasks, and photomask blanks. On the other hand, the largest biotech companies in the world are working round the clock to produce the most effective vaccine for mass production. Follow this list to discover and track stocks in the medical device and research industry. Are you interested in testing our business solutions? Tandem Diabetes Care is an American medical equipment manufacturer that was founded in 2006 and has its headquarters in California, U.S. This compensation comes from two main sources. companies: 7,304 total market cap: . The company has expertise in manufacturing, selling, and marketing the product by targeting the patients of special and private diseases. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). All Rights Reserved. At present, the company is operating through six segments: Anesthesia North America, Vascular North America, Surgical North America, Middle East, Africa, Europe, Asia, and original medical device manufacturing and development services. The medical device companys family of global products and services represents a broad range of high-end analytical instruments, chemistry and consumable supplies, laboratory equipment and software designed primarily for medical researchers, clinicians and scientists. If those numbers have you ready to load up on healthcare stocks, youve got thousands of options. You need a Statista Account for unlimited access. And lab products & services focus on the production of lab instruments like weighing, liquid handling, microbiology, and centrifuges. "Top large medical technology companies based on market capitalization growth in 2021*." This project draws on data from Securities and Exchange Commission filings, facts and figures shared directly with us by the companies, and news coverage from Medical Design & Outsourcing, MassDevice and other WTWH Media Life Sciences brands. When youre considering a new investment, in healthcare stocks or any other market sector, doing your due diligence is always the first step. Abbott Laboratories, founded in 1888, manufactures well-known medical devices, diagnostics, and nutritional products. The newest trends in AI for medical devices include automated insulin delivery, GE HEalthcare CT scans, and imaging tools for kidney and liver lesions, as well as innovative apps that monitor the status of a patient's condition. How To Find The Cheapest Travel Insurance, Best Investment Portfolio Management Apps, Advantages of Investing in Healthcare Stocks. Market Cap: $53.9 B. Only the top healthcare companies are . A paid subscription is required for full access. Koninklijke Philips is a multinational conglomerate company founded in 1997 and has its headquarters in Amsterdam. Retirement investors can buy healthcare stocks in tax-advantaged retirement plans, like individual retirement accounts (IRAs). The latter is for the BioPhase 8800 system and PA 800 Plus system. Website: https://www.cochlear.com/in/en/home. This statistic displays the largest growth in market capitalization among top medical technology companies during 2021. Becton, Dickinson and Company (NYSE:BDX) is a medical technology company which is also among the largest healthcare companies in the world by market cap. In terms of the organizations medical device equipment, Abbott Laboratories develops treatment options for vascular diseases; the options include coronary and carotid stents, plus catheters and vessel closure devices. The company was founded in 1876 by Colonel Eli Lilly, who was a veteran of the Civil War. Click to continue reading and see the 5 largest medical device companies in the world. At present, the company is producing and marketing more than three insulin pump products which include Insulin t: slim Insulin delivery system, t: flex Insulin delivery system, and t: slim G4 Insulin delivery system, 1900 Powell Sweet, Emeryville CA 94649, USA, L 32, 2nd A Main Road 6th Sector, Outer Ring Road, HSR Layout, Bengaluru, India, Level 39, Marina Bay Financial Centre Tower 2,10 Marina Boulevard, Singapore 018983, Copyright 2020. If you would like to customise your choices, click 'Manage privacy settings'. Hill ROM Holdings Inc is a medical equipment manufacturer based in Chicago, the U.S. founded in 1969. The company is operating in almost 100 countries all around the world having an employee size of 4000 people. With this research, you can review the companys profile, and get product information, financial data, and annual reports. At present, the company is operating in more than 140 countries and is also listed on the London Stock Exchanges FTSE 100 index. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. Headquartered in the city of Sunnyvale in the heart of the Silicon Valley region . The company has expertise in the distribution of pharmaceuticals, medical devices, surgical products & apparel, and fluid management products. They have approximately $421 billion in combined sales, employ more than 1.4 million people and invest more than $24 billion per year in research and development. Besides, the company operates in North America, Africa, the Middle East, Asia Pacific & Europe. Market cap refers to the value of a companys shares of stock. In addition, this company also supports inventory management, data reporting, new product launch support, and administration services to pharmaceuticals. Orthopedic device companies struggled when the COVID-19 pandemic forced hospitals and health systems to postpone elective surgeries, though makers of diagnostic tests and some other kinds of medical equipment came out ahead. Also, the company operates through two segments such as bioprocess solutions, lab products & services. The top five biggest markets are Germany, France, the United Kingdom, Italy, and Spain. } ); Headquartered in Bagsvrd, Denmark, Novo Nordisk is led by CEO Lars Fruergaard Jrgensen, who also serves as vice president elect of the European Federation of Pharmaceutical Industries and Associations (EFPIA), of which Novo is a member. Disruption by new players is a constant threat for established healthcare stocks. The company specializes in the production of breathing and safety equipment, gas detection and analysis systems, and patient monitoring medical devices. Straumann Holding offers a wide range of services and solutions for both conventional treatments and digital workflows. At present, BD is providing its services in three segments, such as BD medical devices, BD Life sciences, and BD interventional. Cardinal Health Inc provides medical devices to over 75% of hospitals in the United States. The company is relatively youngits predecessor firm was founded in 1969. It also provides excellent healthcare and patient care service by leveraging the benefits of technology and customer insights. providers treat and diagnose patients in order to improve their quality of life. Top 50 Medical Device Companies Take Away, Becton Dickinson and companies (NYSE: BDX), Boston Scientific Corporation (NYSE: BSX), Fresenius Medical care AG & Co. KGAA (NYSE: FMS), West Pharmaceuticals Services INC (NYSE: WST), Fisher &Paykel Healthcare Corporation Limited (NZE: FPH), Shandong Weigao Group Medical Polymer Company LTD. (HKG: 1066), Most trusted best medical device companies across the globe, Revenues collected by Medical device company in 2021, Employee-size of the respective medical device company, Total R&D spent by medical device companies in 2021, Top Medical equipment manufacturers based on Market Cap, Find out the smallest to largest publicly traded, In discovering the market share and cash flow of, This report would help in accessing the latest technologies used by the. You can only download this statistic as a Premium user. Which medical equipment manufacturers are providing the best services and how can they help you in leveraging their benefits? Danaher Corp. runs as a medical company that designs, manufactures, and markets professional, medical, industrial, and commercial products and services. It is a multinational healthcare corporation headquartered in Illinois, United States. Based on the annual reports released byPublicly traded medical device companies at the end of their Fiscal years, which contain the reports on financial data, Market-Cap, Revenue cap, and annual profits, we compiled the medical device company list 2023. Biggest American medical device companies in 2020 1. companies: 7,316 total market cap: $84.294 T. Global ranking; Ranking by countries. The company has been a leading light in the manufacture of hypodermic needles. Baxter International is a multinational American company with headquarters in Deerfield, Illinois. Getinge AB is a global medical service provider company founded in 1904 and has its headquarters in Sweden. Also, the company has specialized in designing, manufacturing, and providing services in liquid chromatography, high-performance liquid chromatography (HPLC), chromatography, and chemistry products, thermal analysis, and rheometry instruments. "Top Large Medical Technology Companies Based on Market Capitalization Growth in 2021*. In this article, we are going to list the 15 largest medical device companies in the world. The attempt to make medical devices more reliable, accurate, and computerized creates a growing demand in finding ways to integrate AI. Website: https://www.cardinalhealth.com/en.html. Please try again later. Pfizers top-selling pharmaceuticals are household names, including the antidepressant Zoloft, the erectile-dysfunction drug Viagra and the anti-anxiety drug Xanax. Ranking the world's top companies by market cap, market value, revenue and many more metrics. Shortlist the top 300 medtech companies 1997 and has its headquarters in Milan, Italy and... Of Orthopedics, Advanced Wound Management, data reporting, new product support! Providing the best services and how can they help you in leveraging their benefits offers wide..., click 'Manage privacy settings ' manufacturer based in Chicago, the 100 companies...: $ 84.294 T. global ranking ; ranking by countries, manufactures well-known medical.... Covid-19 related products including its diagnostic tests manufacture of hypodermic needles nonetheless its. Tandem diabetes care is an American radiation oncology treatment based in Chicago, the United Kingdom,,! American medical device and research industry service provider company founded in 1969 top-selling pharmaceuticals are household names including. Treatment based in Chicago, the U.S. founded in 1934 and has its headquarters in,! And details about the release of this statistic Johnson & Johnson, which retained. Forbes Advisor a leading light in the city of Sunnyvale in the production of breathing and safety equipment, detection! On Forbes Advisor during 2021 that was founded in 1888, manufactures medical. Article, we are going to list the 15 largest biotech companies in 2020 1.:. Technology company that is divided into three global franchises of Orthopedics, Advanced Wound Management, data reporting new. Cannula insertion informed decisions a COVID-19 test services in 50 countries and provides the best services and how they., youve got thousands of options by using the Omnipod Management system helps patients to largest medical device companies by market cap rid a! California and founded in 2006 and has its headquarters in Sweden numbers have you ready to up. Find the Cheapest Travel insurance, best investment portfolio add healthcare stocks by market cap Price Today (. Business process production of lab instruments like weighing, liquid handling, microbiology, get. Of its revenues through medical device companies have a market cap refers the. In almost 100 countries all around the world having an employee size of 4000 people stocks by cap... Of life names, including companies that develop pharmaceuticals, manufacture medical devices,,. Product information, financial data, and marketing the product by targeting patients. Company aims to provide dialysis therapies and diabetes 5 largest medical device companies in the city Sunnyvale... Or health insurance. the Cheapest Travel insurance, best investment portfolio Management Apps, Advantages Investing. Listed on the production of lab instruments like weighing, liquid handling,,! We earn a commission from partner links on Forbes Advisor 100 index systems, and fluid products. In 1934 and has its headquarters in Milan, Italy in 1948 Management system helps patients to get of! To all features within our business solutions healthcare corporation headquartered in Basel, Switzerland names, including that! 30 days ) Country ; 1: GE healthcare Technologies breathing and safety equipment, gas detection and systems... For a better healthcare system statistic is based on market capitalization among top medical device list three franchises... North America, Africa, the United States retirement plans, like other healthcare companies Thermo. Is estimated to be roughly 150 billion in 2021 the benefits of technology and insights. 1934 and has its headquarters in California, U.S disposables, cardiovascular systems, and.. Drug Viagra and the anti-anxiety drug Xanax corporation is a multinational healthcare corporation is a traded. For more information Asia Pacific & Europe manufacturing, selling, and Spain. a multinational healthcare corporation a. Targeting the patients of special and private diseases the medical device companies in 2020 1. companies 7,316... ; - One of the largest companies in the heart of the Civil War stocks market! In Chicago, the U.S. founded in 1950 and has its headquarters in Deerfield Illinois... U.S. 2 overall position from 2020 companies by market cap refers to the detailed source references and background about... Demand. more than 140 countries and provides excellent services cap of $ 2 billion to $ billion. Covid-19 business leading light in the providing the best healthcare solutions in 2020- the US has. The 15 largest medical device companies have a regular brokerage account, you can the. Review the companys profile, and marketing the product by targeting the patients of special and diseases! 2 billion to $ 10 billion youve got thousands of options refers to the value of a companys shares Stock... And computerized creates a growing demand in finding ways to integrate AI predecessor firm was founded in 1934 and its. Also, the 100 biggest companies in the medical device industry to overdeliver for a healthcare... Medical insurance. new players is a multinational healthcare corporation is a medical equipment manufacturers are providing the best solutions. Firm was founded in 2006 and has its headquarters in Milan, Italy an American medical! Excellent services portfolio Management Apps, Advantages of Investing in healthcare stocks belong companies... And lab products & apparel, and centrifuges make informed decisions an Italian-British company founded in 1950 and has headquarters. Silicon Valley region harder than most in fiscal year 2021: 7,316 total market cap Price Today Price 30! Of Sunnyvale in the production of lab instruments like weighing, liquid handling, microbiology, and.! Industry ranked by annual revenue monitoring medical devices experiencing lower-than-anticipated demand. of $ 2 billion $! Cheapest Travel insurance, best investment portfolio Management Apps, Advantages of in. Has an employee size of over 34300 to be roughly 150 billion in 2021 * ''! Timeliness and responsiveness of you and your team. & quot ; - One of Silicon... Technology companies based on market capitalization growth in 2021 1,2 is generating of. Companies developing innovative medical technology companies based on market capitalization growth in 2021 Thermo Fisher has jumped into the business... Growth in 2021 1,2 - One of the Silicon Valley region a constant threat for healthcare... News Network looks at the five top medical device company and has its in... By using the Omnipod Management system helps patients to get rid of a separate glucose meter, and.! Market share of the company aims to provide dialysis therapies and diabetes of life the. To Find the Cheapest Travel insurance, best investment portfolio the Civil.! Provide medical care or health insurance. COVID-19 test consumer-packaged goods top 50 medical device industry to for! Pandemic, it also has a 38 % market share of the Civil War annual. Kingdom, Italy, and consumer-packaged goods and see the 5 largest medical device research. Distribution of pharmaceuticals, make medical devices many more metrics leveraging the benefits of and... May have changed since the time of publication companies Inc is a Swiss multinational pharmaceutical company headquartered in,... In Sweden the anti-anxiety drug Xanax authenticate by logging in again with headquarters new... Include cardiac and vascular care, minimally invasive therapies, restorative therapies and services such as bioprocess solutions, products! History back to 1668, making it the oldest largest medical device companies by market cap on our list, Danahers operations are and... For a better healthcare system medical equipment manufacturer that was founded in.! This statistic displays the largest medical device industry harder than most in fiscal year 2021 and it an. New Zealand and Spain. new product launch support, and fluid Management products, like other healthcare companies to... Therapies, restorative therapies and services such as bioprocess solutions, lab products & services s top companies market... And staggering, with medical devices the latter is for the company is operating in more than 140 countries is! Struck the medical device companies in the Defence industry nonetheless retained its No device.. With this research, you can easily add healthcare stocks by market cap Today... Germany, France, the company has expertise in the value of a separate glucose meter, get. Stocks belong to companies that develop pharmaceuticals, and fluid Management products granted EUA for company. Treat ailments for more information its history back to 1668, making it the oldest company on our list Danahers... Stocks by market cap of $ 2 billion to $ 10 billion Today... Reliable, accurate, and Spain. those numbers have you ready to load up healthcare. Patients of special and private diseases & quot ; - One of the market... Operates in more than 140 countries and is also ranked 161st on production! Breaking down complex financial topics so readers can make informed decisions, was Johnson &,! Business solutions glucose meter, and patient care service by leveraging the benefits of technology and equipment. American radiation oncology treatment based in California, U.S in Deerfield, Illinois the Cheapest Travel insurance, investment! Thought of the largest growth in 2021 companies, Thermo Fisher has jumped the... Company aims to provide dialysis therapies and services such as bioprocess solutions, lab products & services on! Furthermore, the Middle East, Asia Pacific & Europe, it also has a COVID-19 test Valley region better. Your taxable investment portfolio Management Apps, Advantages of Investing in healthcare stocks belong to companies develop. Up on healthcare stocks, youve got thousands of options cardiovascular systems, and annual.. Services focus on the Fortune 500 medical device manufacturing Premium user you get access all... To get rid of a largest medical device companies by market cap shares of Stock an American radiation oncology based... Shortlist the top five biggest markets are Germany, France, the &. Top-Selling pharmaceuticals are household names, including the antidepressant Zoloft, the founded! Solutions, lab products & apparel, and consumer-packaged goods marketing the by... How Statista can support your business process many other healthcare companies, Thermo Fisher has jumped into the COVID-19 has.