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Top 40 Medical Device Companies

Article-Top 40 Medical Device Companies

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A look at the top medtech companies as ranked by total revenue. Is your firm on the list?

There has been a lot of change on medtech's leaderboard over the past 12 months. For a more recent ranking of medical device companies, download the free MD+DI Top 100 Companies, the latest ranking of global medtech companies.

 

Ranking 2020 (2019)

Company

"Fiscal 2019 Sales

(US$ million)"

"Fiscal 2020 Sales

(US$ million)"

2020 notes

1 (1)

Medtronic

28,913

30,117

Year ended 30 April 2021

2 (2)

Johnson & Johnson

25,963

22,959

 

3 (4)

Abbott Laboratories

19,952

22,592

 

4 (3)

Philips Healthcare

21,297

21,869

Excludes IP & licensing income

5 (7)

Siemens Healthineers

16,197

20,556

"Years ended 30 September 2020 & 2021; includes Varian since 15 April"

6 (6)

Becton Dickinson

17,117

20,248

Years ended 30 September 2020 & 2021

7 (5)

GE Healthcare

19,942

18,009

 

8 (8)

Cardinal Health

15,544

16,687

Medical sales; year ended 30 June 2021

9 (10)

Roche Diagnostics

13,035

14,708

 

10 (9)

Stryker

14,844

14,351

 

11 (11)

Boston Scientific

10,735

9,913

 

12 (12)

B Braun

8,369

8,482

 

13 (14)

Baxter International

7,850

8,120

Excludes pharma & clinical nutrition

14 (16)

Danaher

6,662

7,403

 

15 (17)

3M

6,300

7,150

2019 restated to exclude food safety

16 (13)

Zimmer Biomet

7,982

7,025

 

17 (20)

Grifols

5,711

6,100

 

18 (18)

Olympus

5,889

5,863

Year ended 31 March 2021

19 (19)

Terumo

5,771

5,754

Year ended 31 March 2021

20 (28)

Thermo Fisher

3,718

5,343

Specialty diagnostics

21 (22)

Fujifilm

4,626

5,322

Healthcare; year ended 31 March 2021

22 (21)

Smith & Nephew

5,138

4,560

 

23 (24)

Edwards Lifesciences

4,348

4,386

 

24 (23)

Intuitive Surgical

4,479

4,358

 

25 (25)

Fresenius Medical Care

4,037

4,277

Healthcare products (excludes services)

26 (27)

Canon Medical Systems

4,024

4,087

 

27 (-)

Zoll Medical

3,166

3,823

AK healthcare division

28 (15)

Alcon Laboratories

4,174

3,710

Surgical sales only

29 (26)

Dentsply Sirona

4,029

3,342

 

30 (31)

Getinge Group

2,810

3,250

"Acute therapies + life sciences + surgical workflows"

31 (33)

Hologic Inc

2,771

3,227

"Year ended 25 September 2021 (excludes service income)"

32 (29)

ResMed

2,957

3,197

Year ended 30 June 2021

33 (30)

Shimadzu

2,812

2,957

Year ended 31 March 2021

34 (36)

bioMérieux

2,443

2,954

Excludes industrial and other

35 (32)

Sysmex

2,771

2,859

Year ended 31 March 2021

36 (34)

Coloplast

2,690

2,841

Year ended 30 September 2020

37 (38)

Dräger

1,951

2,630

 

38 (35)

Teleflex Medical

2,595

2,537

 

39 (37)

Align Technology

2,407

2,472

 

40 (41)

HU Group (Miraca)

1,732

2,090

Year ended 31 March 2021

 

Source: MTI 100, a ranking of global medtech companies prepared by Medtech Insight. The list ranks companies according to their annual medical device and product sector-specific sales (in U.S. dollars). 

*Sales figures shown are for the year ending 31 December 2019, except where reporting periods closed after the calendar year, as stated in the notes. The list shows the reported external sales values of publicly owned companies, at manufacturer level, and excludes service revenues, unless noted. Average annual exchange rates used at 31 December 2019 for all company entries for comparative purposes.

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