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Top 40 Medical Device Companies

A look at the top medtech companies in 2020 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 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.

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