Here's our annual look at the top medtech companies ranked by revenue. Is your firm on the list?

February 29, 2024

1 Min Read
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Medtech's leaderboard is constantly changing. Keep up with the medical device companies leading the pack with our list of the top medical device companies of 2023.

To download the complete list of top 100 medical device companies of the year, register for free.

2023 Ranking

Company

Revenue 

Ticker

Market Cap

Price-to-Earnings Ratio

Book-Value Ratio

1

$31.56B

NYSE:MDT

$94.04B

26.08x

1.84x

2

$31.27B

NYSE:ABT

$163.14B

32.00x

4.35x

3

$29.57B

NYSE:DHR

$145.57B

24.84x

2.78x

4

$27.40B

NYSE:JNJ

$381.67B

29.40x

5.36x

5

$23.43B

XTRA:SHL

$56.87B

33.53x

NM

6

$20.92B

XTRA:FME

$11.99B

24.29x

0.80x

7

$20.20B

Privately Held

NA

NA

NA

8

$18.90B

NYSE:BDX

$68.07B

42.44x

NM

9

$18.46B

NYSE:GE

$130.86B

12.51x

4.57x

10

$18.40B

NYSE:SYK

$103.95B

40.59x

5.81x

11

$17.80B

ENXTAM:PHIA

$17.99B

NM

NM

12

$15.90B

NYSE:CAH

$26.41B

175.64x

NA

13

$15.28B

NYSE:BAX

$16.65B

73.85x

2.06x

14

$13.76B

NYSE:BSX

$75.53B

62.77x

4.00x

15

$9.28B

Privately Held

NA

NA

NA

16

$9.09B

SWX:ALC

$35.46B

98.35x

1.78x

17

$9.05B

NYSE:MMM

$56.17B

16.99x

12.02x

18

$7.30B

TSE:4901

$23.26B

14.39x

1.15x

19

$7.28B

NYSE:ZBH

$22.03B

46.67x

1.78x

20

$6.85B

NasdaqGS:ISRG

$97.70B

65.29x

7.79x

21

$5.95B

TSE:7733

$16.24B

45.33x

3.02x

22

$5.82B

NYSE:EW

$38.94B

27.42x

5.85x

23

$5.53B

TSE:4543

$20.61B

35.04x

2.60x

24

$5.35B

LSE:SN.

$10.53B

48.34x

2.01x

25

$5.23B

NYSE:STE

$19.69B

36.16x

3.19x

26

$4.80B

TSE:7741

$35.42B

34.21x

6.10x

27

$4.72B

SZSE:300760

$47.32B

30.47x

9.37x

28

$4.38B

NYSE:RMD

$21.12B

23.35x

4.97x

29

$4.37B

TSE:7751

$25.64B

14.34x

1.14x

30

$4.25B

KOSE:A137310

$6.01B

NM

1.78x

31

$4.14B

SWX:SOON

$14.98B

21.17x

6.11x

32

$4.03B

NasdaqGS:HOLX

$17.67B

39.42x

3.52x

33

$3.95B

ENXTPA:BIM

$11.69B

28.55x

3.02x

34

$3.85B

XTRA:SRT3

$16.55B

38.39x

NA

35

$3.81B

NasdaqGS:ALGN

$14.72B

40.83x

3.87x

36

$3.59B

NasdaqGS:IDXX

$35.61B

43.70x

27.45x

37

$3.51B

NasdaqGS:COO

$16.31B

59.54x

2.17x

38

$3.51B

CPSE:COLO B

$22.42B

31.41x

9.06x

39

$3.40B

NasdaqGS:DXCM

$36.34B

103.33x

16.02x

40

$3.28B

XTRA:DRW3

$969.00M

10.48x

0.71x

Sources: Capital IQ, Yahoo Finance, https://www.medicaldesignandoutsourcing.com/2022-big-100/, Statista, individual filings.

This list was prepared by a private vendor. The list ranks companies according to their annual revenues from medical devices and supply segments (in U.S. dollars). Market caps are for whole companies. Companies that focus on distribution are excluded.

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