Majority of Top 20 Medtech Companies Post Double-Digit Sales Growth in 2005

May 1, 2006

6 Min Read
Majority of Top 20 Medtech Companies Post Double-Digit Sales Growth in 2005

Originally Published MX May/June 2006

BUSINESS NEWS

Continuing a well-established pattern of financial performance that is relatively free from the cyclical nature of many high-technology sectors, the world's leading public medical device manufacturers generally experienced a good year in 2005, with 12 of the top 20 companies posting double-digit revenue gains over 2004 (see Table). All are listed on the New York Stock Exchange.

Company

2005 Revenues($ billions)

2004 Revenues($ billions)

Variance(%)

Stock Symbol(all NYSE)

Johnson & Johnson

19.096

16.887

6.7

JNJ

GE Healthcare

15.153

13.456

12.6

GE

Medtronic1

11.003

9.942

10.7

MDT

Baxter International Inc.

9.849

9.509

3.6

BAX

Tyco Healthcare

9.511

9.250

2.8

TYC

Siemens Medical Solutions2

9.481

8.441

12.3

SI

Cardinal Health3

8.476

7.358

15.2

CAH

Philips Medical Systems2

7.561

7.014

7.8

PHG

Boston Scientific Corp.

6.283

5.624

11.7

BSX

Abbott3

5.897

5.174

14.0

ABT

Becton Dickinson & Co.

5.540

5.037

10.0

BDX

Stryker Corp.

4.872

4.262

14.3

SYK

3M Healthcare

4.373

4.230

3.4

MMM

Guidant Corp.

3.550

3.765

-5.7

GDT

Zimmer Holdings

3.286

2.981

10.4

ZMH

St. Jude Medical

2.915

2.294

27.1

STJ

Kodak Health Group

2.655

2.686

-1.2

EK

Smith & Nephew4

2.446

2.171

12.7

SNN

Beckman Coulter Inc.

2.444

2.408

1.5

BEC

Alcon Inc.

2.017

1.814

11.2

ACL

1Revenues for the 12-month period ending January 31, 20062Financial data originally reported in euros.3Estimated; Abbott and Cardinal Health do not provide detailed data for their medical product sectors.4Financial data originally reported in pounds.

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