Top Medtech Companies of 2017: Notable Newcomers

Here's a look at the companies that broke into the ranks of the top 100 medical device and diagnostics companies last year.

  • bioMérieux S.A.

    Rank: 32

    2017 Total Revenue: $2.55 billion

    2017 Highlights: The French company received FDA clearance for several diagnostic products in 2017 and grew sales by more than 10%. BioMérieux also appointed a new chairman and CEO in December.

     

    bioMérieux S.A.
  • Sysmex Corp.

    Rank: 35

    Total Revenue: $2.33 billion

    2017 Highlights: This Japanese maker of diagnostic instruments, reagents, and related software announced a plan to grow net sales at a compound annual growth rate of nearly 12% from 2018 to 2020 and in June opened a new R&D facility focusing on personalized medicine.

     

    Sysmex Corp.
  • IDEXX Laboratories Inc.

    Rank: 42

    Total Revenue: $1.91 billion

    2017 Highlights: This Maine-based veterinary diagnostics company increased revenues by 11% on a reported basis in 2017.

     

    IDEXX Laboratories Inc.
  • Sartorius Stedim Biotech S.A.

    Rank: 53

    Total Revenue: $1.27 billion

    2017 Highlights: France-based Santorius supplies laboratory equipment in addition to pharmaceuticals. The company grew its revenue by more than 9% in 2017.

    Sartorius Stedim Biotech S.A.
  • Shandong Weigao Group Medical Polymer Co. Ltd.

    Rank: 58

    Total Revenue: $1.05 billion

    2017 Highlights: China-based Shandong Weigao Group Medical Polymer Co. makes single-use medical devices, orthopedic products, and blood purification devices, which are sold in China and other countries. In September, the company purchased U.S.-based Argon Medical, a privately held company that sells single-use devices for biopsies, vascular clot management, and other uses.

     

    Shandong Weigao Group Medical Polymer Co. Ltd.
  • Arjo AB

    Rank: 64

    Total Revenue: $956 million

    2017 Highlights: Sweden-based Arjo, formerly a subsidiary of Getinge, was listed the Nasdaq Stockholm in December 2017. The company makes products for patient handling, disinfection, prevention of pressure ulcers, and more.

    Arjo AB
  • Guerbet SA

    Rank: 65

    Total Revenue: $919 million

    2017 Highlights: France-based Guerbet makes contrast agents, medical devices, and other products used in diagnostic and interventional imaging. Last year, it was granted the CE Mark for a trans-arterial chemo-embolization mixing and injection system and won FDA approval for an MRI contrast agent for use in pediatric patients.

     

    Guerbet SA
  • Top Glove Corp. Bhd.

    Rank: 67

    Total Revenue: $871 million

    2017 Highlights: This Malaysia-based maker of disposable rubber gloves announced plans to acquire Aspion, the world’s leading surgical glove provider, in December.

    Top Glove Corp. Bhd.
  • JEOL Ltd.

    Rank: 68

    Total Revenue: $852 million

    2017 Highlights: Japan-based JEOL makes medical equipment, including magnetic resonance equipment and clinical chemistry analyzers. The company opened a new R&D center in conjunction with Nikon in September.

     

    JEOL Ltd.
  • DiaSorin S.p.A.

    Rank: 72

    Total Revenue: $738 million

    2017 Highlights: Italy-based diagnostics company DiaSorin launched an automated test for detecting zika virus infection last year.

     

    JEOL Ltd.
  • Varex Imaging Corp.

    Rank: 74

    Total Revenue: $698 million

    2017 Highlights: Salt Lake City, UT-based Varex Imaging Corp. supplies medical x-ray tubes and image processing solutions. Last year, the company completed the acquisition of PerkinElmer Inc., which makes components sued in medical imaging systems.

    Varex Imaging Corp.
  • Hartalega Holdings Berhad

    Rank: 83

    Total Revenue: $514 million

    2017 Highlights: Malaysian glove maker Hartalega’s stock hit a record high in 2017.

     

    Hartalega Holdings Berhad
  • Yestar Healthcare Holdings Co. Ltd.

    Rank: 87

    Total Revenue: $494 million

    2017 Highlights: China-based Yestar specializes in healthcare consumables, medical imaging products, and in vitro diagnostics. This past September, the company acquired a 70% equity interest in Beijing Kaihongda Technology, another medical equipment company.

    Yestar Healthcare Holdings Co. Ltd.
  • JMS Co., Ltd.

    Rank: 88

    Total Revenue: $493 million

    2017 Highlights: Japan-based JMS makes infusion therapy, dialysis, and cardiovascular products, in addition to general medical supplies. The company’s sales declined 3.6% over the previous year during its fiscal 2017 year.

     

    JMS Co., Ltd.
  • Kossan Rubber Industries Bhd
  • Consort Medical plc

    Rank: 96

    Total Revenue: $402 million

    2017 Highlights: UK-based Consort Medical makes drug-delivery devices. In December, the company reported a 6.1% year-over-year rise in revenue for the first half of its fiscal 2018 year.

     

    Consort Medical plc
  • Neogen Corp.

    Rank: 98

    Total Revenue: $384 million

    2017 Highlights: Michigan-based Neogen Corp. makes veterinary devices and diagnostics. The company reported record revenues and earnings in 2017.

    Neogen Corp.
Jamie Hartford, editor-in-chief, MD+DI

Jamie Hartford

Jamie Hartford is editor-in-chief of MD+DI and director of content for medtech brands in UBM's Advanced Manufacturing Group, where she oversees content creation for the MD&M and BIOMEDevice conferences. Reach her at [email protected].

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