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Top 20 Medtech Companies in 2020


Posted in Medical Device Business by Arundhati Parmar on October 9, 2014

This is a slideshow presenting the top 20 companies in medtech in the year 2020 with details on global revenue and market share. 


This is a slideshow of the top 20 medical technology companies by revenue in 2020. The data's source is the Evaluate MedTech World Preview 2014, Outlook to 2020 report released by Evaluate, a London-based life science market intelligence firm.

Evaluate has made these projections by analyzing the top 200 medtech companies and their reported 2013 revenue. Sales in 2013 based on company reported data. Sales forecasts to 2020 are based on a consensus of equity analysts' estimates for product sales and sales from business segments.

The projections do not take into account the $42.9 billion transaction involving Medtronic and Covidien that is expected to close either by the end of the this year or in early 2015. Evaluate MedTech expects that Medtronic plc, the combined entity to be the top medtech company with revenue of $35.9 billion in 2020 with 7% worldwide market share. 

Compared with last year's projections, the biggest drops in rankings are seen by Boston Scientific and Novartis.

In descending order, the top companies are as follows:


20. Smith & Nephew

Revenue

  • 2020 - $6.4B
  • 2013 - $4.4B

Compound Annual Growth Rate (2013-2020)

  • 5.7%

Worldwide Market Share

  • 2020 - 1.2%
  • 2013 - 1.2%

Source: Evaluate MedTech World Preview 2014, Outlook to 2020

[Photo Credit: iStock.com user studiovision

-- By Arundhati Parmar, Senior Editor, MD+DI
arundhati.parmar@ubm.com

 


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