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Top 40 Medical Device Companies

A look at the top medtech companies in 2018 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 our free Top 100 Medical Device Companies of 2019 report

Rank

Company Name

FactSet Ticker

Primary Exchange

2018 Revenue

Market Capitalization

1

Medtronic plc

MDT-US

NYSE

$30,378

$122,163

2

Johnson & Johnson

JNJ-US

NYSE

$27,300

$346,109

3

Fresenius Medical Care AG & Co. KGaA

FME-DE

Xetra

$19,845

$19,935

4

General Electric Company

GE-US

NYSE

$19,701

$65,845

5

Abbott Laboratories

ABT-US

NYSE

$16,811

$127,036

6

Becton, Dickinson and Company

BDX-US

NYSE

$15,983

$60,713

7

Siemens AG

SIE-DE

Xetra

$15,976

$94,622

8

Cardinal Health, Inc.

CAH-US

NYSE

$15,659

$13,288

9

Stryker Corporation

SYK-US

NYSE

$13,276

$58,654

10

Royal Philips NV

PHIA-NL

Euronext Amsterdam

$12,669

$32,748

11

EssilorLuxottica SA

EL-FR

Euronext Paris

$11,595

$53,885

12

Baxter International Inc.

BAX-US

NYSE

$11,030

$35,026

13

Boston Scientific Corporation

BSX-US

NYSE

$9,820

$48,904

14

Zimmer Biomet Holdings, Inc.

ZBH-US

NYSE

$7,936

$21,156

15

Novartis AG

NOVN-CH

SIX Swiss

$6,925

$217,442

16

Olympus Corp.

7733-JP

Tokyo

$6,127

$10,542

17

3M Company

MMM-US

NYSE

$5,985

$110,949

18

Terumo Corporation

4543-JP

Tokyo

$5,275

$21,543

19

Smith & Nephew plc

SN-GB

London

$4,888

$16,306

20

Canon Inc.

7751-JP

Tokyo

$4,502

$36,482

21

DENTSPLY SIRONA, Inc.

XRAY-US

NASDAQ

$4,018

$8,281

22

Edwards Lifesciences Corporation

EW-US

NYSE

$3,634

$32,020

23

Intuitive Surgical, Inc.

ISRG-US

NASDAQ

$3,570

$54,693

24

HOYA CORPORATION

7741-JP

Tokyo

$3,307

$22,998

25

Hologic, Inc.

HOLX-US

NASDAQ

$3,218

$11,887

26

Varian Medical Systems, Inc.

VAR-US

NYSE

$2,919

$10,330

27

Nipro Corporation

8086-JP

Tokyo

$2,902

$2,102

28

Hill-Rom Holdings, Inc.

HRC-US

NYSE

$2,848

$5,958

29

Danaher Corporation

DHR-US

NYSE

$2,844

$72,277

30

Getinge AB Class B

GETI.B-SE

OMX Nordic Stockholm

$2,782

$2,455

31

bioMerieux SA

BIM-FR

Euronext Paris

$2,771

$7,780

32

Sonova Holding AG

SOON-CH

SIX Swiss

$2,762

$10,643

33

STERIS Plc

STE-US

NYSE

$2,696

$9,029

34

Coloplast A/S Class B

COLO.B-DK

OMX Nordic Copenhagen

$2,628

$20,019

35

Sysmex Corporation

6869-JP

Tokyo

$2,599

$10,056

36

ResMed Inc.

RMD-US

NYSE

$2,405

$16,226

37

Teleflex Incorporated

TFX-US

NYSE

$2,402

$11,885

38

Cooper Companies, Inc.

COO-US

NYSE

$2,388

$12,530

39

IDEXX Laboratories, Inc.

IDXX-US

NASDAQ

$2,170

$16,041

40

PAUL HARTMANN AG

PHH2-DE

Frankfurt

$1,978

$1,192

Source: FactSet, Bloomberg LP, company filings

Notes:

All financial market data is as of December 31, 2018, and is priced in US Dollars (USD). Revenue and market capitalization are both quoted in millions of US dollars.

All non-USD denominated revenues have been translated into US Dollars from the respective reporting currency at the average historical rate.

Stock Exchange Legend 

NYSE=New York Stock Exchange

Xetra=Deutsche Börse Xetra

Euronext Amsterdam=Euronext Amsterdam

Euronext Paris=Euronext Paris

Tokyo=Tokyo Stock Exchange

SIX Swiss=SIX Swiss Exchange

London=London Stock Exchange

NASDAQ=NASDAQ Market

OMX Nordic Stockholm

OMX Nordic Copenhagen

Frankfurt=Frankfurt Stock Exchange

Shanghai=Shanghai Stock Exchange

ASX=Australian Securities Exchange

Euronext Brussels=Euronext Brussels

JASDAQ=JASDAQ Market

Hong Kong=The Stock Exchange of Hong Kong

Malaysia=Bursa Malaysia

Shenzhen=Shenzhen Stock Exchange

Milan=BorsaItaliana

New Zealand=New Zealand Stock Exchange

Korea=Korea Exchange

Ticker/Company Name/Notes:

JNJ-US/Johnson & Johnson/Revenues include only the Medical Devices segment.

GE-US/General Electric Company/Revenues include only the Healthcare segment.

ABT-US/Abbott Laboratories/Revenues include only the Diagnostics and Cardiovascular & Neuromodulation segments.

SIE-DE/Siemens AG/Revenues include only the Healthcare segment.

CAH-US/Cardinal Health, Inc./Revenues include only the Healthcare segment.

PHIA-NL/Royal Philips NV/Also known as Koninklijke Philips NV. Revenues exclude the Personal Health segment.

EL-FR/EssilorLuxottica SA/Essilor and Luxottica completed their merger on October 3, 2018. Revenues include Essilor's Lenses & Optical Instruments and Equipment segments, and Luxottica's Wholesale segment.

7733-JP/Olympus Corp./Revenues include only the Medical Systems and Imaging Systems segments.

NOVN-CH/Novartis AG/Revenues include only the Alcon segment.

MMM-US/3M Company/Revenues include only the Healthcare segment.

7751-JP/Canon Inc./Revenues include only the Medical Systems segment.

7741-JP/HOYA CORPORATION/Revenues include only the Life Care segment.

8086-JP/Nipro Corporation/Revenues include only the Medical Equipments segment.

DHR-US/Danaher Corporation/Revenues include only the Dental segment.

PHH2-DE/PAUL HARTMANN AG/Revenues exclude the Other Activities (Cotton & Hygiene) segment.

DRW8-DE/Draegerwerk AG & Co. KGaA/Revenues include only the Dräger Medical segment.

ITGR-US/Integer Holdings Corporation/Revenues include only the Medical segment.

AGFB-BE/Agfa-Gevaert NV/Revenues include only the Healthcare segment.

AVNS-US/Avanos Medical, Inc./Formerly known as Halyard Health Inc.

VREX-US/Varex Imaging Corporation/Revenues include only the Medical segment.

2393-HK/Yestar Healthcare Holdings Co Ltd/Revenues include only the Medical Imaging Products segment.

6376-JP/Nikkiso Co., Ltd./Revenues include only the Medical Division segment.

ELN-IT/El.En. S.p.A./Revenues include only the Medical Laser Systems segment.

6951-JP/JEOL Ltd.Revenues include only the Medical Equipment segment.

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