Top 40 Medical Device Companies

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 Medtech Insight’s MTI 100, the latest ranking of global medtech companies, prepared by Medtech Insight (a sister publication of MD+DI).

 

Ranking	Company	Fiscal 2019 (Sales US$m)	Notes*
1	Medtronic	28,913	Year ended 24 April 2020 (FY2020)
2	Johnson & Johnson	25,963
3	Philips Healthcare	21,297	Excludes IP and licensing income
4	Abbott Laboratories	19,953
5	GE Healthcare	19,942
6	Becton Dickinson	17,290	Year ended 30 September 2019 (fiscal year 2020 sales: $17.12bn)
7	Siemens Healthineers	16,197	Year ended 30 September 2020
8	Cardinal Health	15,544	Medical sales; year ended 30 June 2020
9	Stryker	14,844
10	Roche Diagnostics	13,035
11	Boston Scientific	10,735
12	B Braun	8,369
13	Zimmer Biomet	7,982
14	Baxter International	7,850
15	Alcon Laboratories	7,362
16	Danaher	6,662	Diagnostics only following divestment of dental
17	3M	6,641
18	Olympus	5,889	Year ended 31 March 2020
19	Terumo	5,771	Year ended 31 March 2020
20	Grifols	5,711
21	Smith & Nephew	5,138
22	Fujifilm	4,626	Health care; year ended 31 March 2020
23	Intuitive Surgical	4,479
24	Edwards Lifesciences	4,348
25	Fresenius Medical Care	4,037
26	Dentsply Sirona	4,029
27	Canon Medical Systems	4,024
28	Thermo Fisher	3,718
29	ResMed	2,957	Year ended 30 June 2020
30	Shimadzu	2,812	Year ended 31 March 2020
31	Getinge Group	2,810
32	Sysmex	2,771	Year ended 31 March 2020
33	Hologic Inc.	2,771
34	Coloplast	2,690	Year ended 30 September 2019
35	Teleflex Medical	2,595
36	bioMérieux	2,443
37	Align Technology	2,407
38	Dräger	1,951
39	ConvaTec	1,827
40	Varian Medical Systems	1,784	Radiotherapy (proton and oncology)

Source: MTI 100, a ranking of global medtech companies prepared by Medtech Insight (a sister publication of MD+DI). 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.