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Top 40 Medical Device Companies

A look at the top medtech companies in 2017 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 115 Medical Device Companies of 2018 report. 

Rank

 

 

 

 

Company

 

 

 

 

Stock Ticker

 

 

 

Total Revenue

 

 

 

Market Capitalization

1

 

 

 

 

Medtronic plc

 

 

 

 

NYSE:MDT

 

 

 

 

29,639.0

 

 

 

 

114,837.4

2

 

 

 

Johnson & Johnson

 

 

 

NYSE:JNJ

 

 

 

26,217.0

 

 

 

384,102.0

3

 

 

 

Fresenius Medical Care AG & Co. KGAA

 

 

 

DB:FME

 

 

 

21,701.9

 

 

 

33,392.2

4

 

 

 

General Electric Co.

 

 

 

NYSE:GE

 

 

 

18,815.0

 

 

 

160,780.0

5

 

 

Koninklijke Philips N.V. 1

 

 

ENXTAM:PHIA

 

 

17,123.1

 

 

36,762.0

6

 

 

 

 

 

 

Siemens AG

 

 

 

 

 

 

DB:SIE

 

 

 

 

 

 

16,586.7

 

 

 

 

 

 

 

 

120,634.6

7

 

 

Cardinal Health Inc. 2

 

 

NYSE:CAH

 

 

13,969.0

 

 

19,889.2

8

 

 

 

Abbott Laboratories 3

 

 

 

NYSE:ABT

 

 

 

12,274.0

 

 

 

103,244.2

9

 

 

 

 

 

 

Stryker Corp.

 

 

 

 

 

 

NYSE:SYK

 

 

 

 

 

 

12,130.0

 

 

 

 

 

 

60,681.9

10

 

 

Becton, Dickinson and Co.

 

 

NYSE:BDX

 

 

12,093.0

 

 

59,583.7

11

 

Baxter International Inc.

 

NYSE:BAX

 

10,432.0

 

38,352.9

12

 

 

 

 

Boston Scientific Corp.

 

 

 

 

NYSE:BSX

 

 

 

 

8,831.0

 

 

 

 

35,150.9

13

 

 

 

 

Essilor International Société Anonyme

 

 

 

 

ENXTPA:EI

 

 

 

 

8,489.4

 

 

 

 

29,512.0

14

 

 

Zimmer Biomet Holdings Inc.

 

 

NYSE:ZBH

 

 

7,762.9

 

 

25,560.9

15

 

 

 

 

Novartis AG 4

 

 

 

 

SWX:NOVN

 

 

 

 

5,910.0

 

 

 

 

200,624.1

16

 

 

 

 

3M Co.

 

 

 

 

NYSE:MMM

 

 

 

 

5,718.0

 

 

 

 

 

143,285.4

17

 

 

 

 

 

Olympus Corp.5

 

 

 

 

 

TSE:7733 OTC:OCPNY

 

 

 

 

 

5,243.8

 

 

 

 

 

13,685.7

18

 

 

 

Terumo Corp.

 

 

 

TSE:4543

 

 

 

4,916.9

 

 

 

17,286.9

19

 

 

 

Smith & Nephew plc

 

 

 

LSE:SN.

 

 

 

4,677.0

 

 

 

15,295.7

20

 

 

Canon Inc. 6

TSE:7751
NYSE: CAJ

 

 

3,933.7

 

 

40,712.7

21

 

 

 

 

DENTSPLY SIRONA Inc.

 

 

 

 

NasdaqGS:XRAY

 

 

 

 

3,898.9

 

 

 

 

15,599.3

22

 

 

 

 

 

Getinge AB

 

 

 

 

 

OM:GETI B

 

 

 

 

 

3,694.1

 

 

 

 

 

3,983.8

23

 

Edwards Lifesciences Corp.

 

NYSE:EW

 

3,314.5

 

25,078.7

24

 

 

 

Hologic Inc.

 

 

 

NasdaqGS:HOLX

 

 

 

3,058.8

 

 

 

12,277.6

25

 

 

 

Intuitive Surgical Inc.

 

 

 

NasdaqGS:ISRG

 

 

 

2,993.4

 

 

 

43,816.8

26

 

 

 

HOYA Corp. 7

 

 

 

TSE:7741

 

 

 

2,949.0

 

 

 

19,852.3

27

 

 

 

 

Danaher Corp.8

 

 

 

 

NYSE:DHR

 

 

 

 

2,791.4

 

 

 

 

65,470.4

28

 

 

Hill-Rom Holdings Inc.

 

 

NYSE:HRC

 

 

2,743.7

 

 

5,723.8

29

 

Varian Medical Systems Inc.

 

NYSE:VAR

 

2,668.2

 

10,147.2

30

 

 

Sonova Holding AG

 

 

SWX:SOON

 

 

2,661.2

 

 

10,588.8

31

 

 

 

 

 

Steris PLC

 

 

 

 

 

NYSE:STE

 

 

 

 

 

2,570.1

 

 

 

 

 

7,364.7

32

 

 

 

 

bioMérieux S.A.

 

 

 

 

ENXTPA:BIM

 

 

 

 

2,551.9

 

 

 

 

11,006.5

33

 

 

Coloplast A/S

 

 

CPSE:COLO B

 

 

2,466.2

 

 

17,285.3

34

 

Nipro Corp. 9

 

TSE:8086

 

2,333.6

 

2,587.7

35

 

 

 

 

 

Sysmex Corp.

 

 

 

 

 

TSE:6869

 

 

 

 

 

2,328.6

 

 

 

 

 

17,350.1

 

36

 

 

 

Paul Hartmann AG

 

 

 

DB:PHH2

 

 

 

2,308.9

 

 

 

1,735.1

37

 

 

 

The Cooper Companies Inc.

 

 

 

NYSE:COO

 

 

 

2,139.0

 

 

 

11,042.9

38

 

 

 

ResMed Inc.

 

 

 

NYSE:RMD

 

 

 

2,124.9

 

 

 

12,331.3

39

 

 

 

Teleflex Inc.

 

 

 

NYSE:TFX

 

 

 

2,065.1

 

 

 

12,119.0

40

 

 

 

Dragerwerk AG & Co. KGaA 10

 

 

 

DB:DRW3

 

 

 

1,996.6

 

 

 

1,471.1

 

Source: Source: S&P Capital IQ, company data. (Priced as of close on January 5, 2018.)

Total Revenue is from the 12 Months in 2017 (in $USDmm, Historical rate)

Market Capitalization is $USDmm, Historical rate

 

Stock Exchanges

ASX = Australian Securities Exchange

BIT = Borsa Italiana S.p.A

CPSE = Copenhagen Stock Exchange

DB + XTRA = Deutsche Borse

EKTAB: Stockholm Stock Exchange

ENXTAM = Amsterdam Stock Exchange

ENXTBR = Brussels Stock Exchange

ENXTPA = Euronext Paris

JASDAQ = JASDAQ Securities Exchange

KLSE = Kuala Lumpur Stock Exchange

KOSE + KOSDAQ = Korea Stock Exchange

LSE = London Stock Exchange

Nasdaq = Nasdaq Market

NYSE = New York Stock Exchange

NZSE = New Zealand Stock Exchange

OM = Sweden Stock Exchange

OTC = U.S. Over the Counter Markets

SEHK = The Stock Exchange of Hong Kong

SHSE = Shanghai Stock Exchange

SWX = Swiss Stock Exchange

SZSE = Shenzhen Stock Exchange

TSE = Tokyo Stock Exchange

References

  1. The Personal Health and Diagnosis & Treatment segments of Koninklijke Philips N.V. are only included in this report. 
  2. The medical segment of Cardinal Health is only included in this report.
  3. The medical device (Diagnostic and Cardiovascular, and Neuromodulation) segments of Abbott Laboratories are only included in this report. 
  4. The Alcon division of Novartis is only included in this report. 
  5. The medical systems segment of Olympus Corp. is only included in this report.
  6. The medical systems segment was sold to Canon Corp. on December 19, 2016. 
  7. The life care business segment of HOYA Corp. is only included in this report. 
  8. Separated Medical Technologies into Dental and Life Sciences & Diagnostics sgements. The Dental division of Danaher is only included in this report. 
  9. The medical devices segment of Nypro Corp. is only included in this report.
  10. The medical devices segment of Dragerwerk AG & Co. KGaA is only included in this report.
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