largest medical device companies by market cap

The company was founded in 1876 by Colonel Eli Lilly, who was a veteran of the Civil War. The company specializes in the production of breathing and safety equipment, gas detection and analysis systems, and patient monitoring medical devices. Biggest American medical device companies in 2020 1. They have approximately $421 billion in combined sales, employ more than 1.4 million people and invest more than $24 billion per year in research and development. Thats why financial advisors recommend them for most people. Some of its quality medical devices include respirator humidifiers, breathing circuits, reusable chambers, and breathing circuits. The company has specialization in designing, manufacturing, and providing services in dental and oral health products. Also, the company has an employee size of more than 12000 people. Assets: $59 B. BD provides its service in more than 50 countries, having over 70000 employees all across the world. Cookie Policy. The corporation consists of 250 subsidiary companies operating in 60 countries and selling products in over 175 countries, having more than 132000 employees sizes. Headquarters: Illinois- United States. Waters Corporation holds a leading position worldwide in providing complementary analytical technologies. Learn more about how Statista can support your business. Information provided on Forbes Advisor is for educational purposes only. The company has been a leading light in the manufacture of hypodermic needles. Website: https://www.cardinalhealth.com/en.html. Then you can access your favorite statistics via the star in the header. This is one of the medical equipment companies that designs, manufactures, and markets the Nucleus Cochlear plants, the hybrid acoustic plants, and the Baha bone conduction implant. These are less swayed by the individual ups and downs of any one company but provide solid, steady long-term growth. Please create an employee account to be able to mark statistics as favorites. 3M is another multinational American company that manufactures medical devices, food safety tasting products, and health monitoring systems. In addition, it also has medical devices for measuring hemostasis that bring out better clinical outcomes in managing critical bleeding cases. He has been featured by CNBC, Fox Business, Bloomberg, and MarketWatch. The sudden emergence of serious infections such as the novel coronavirus is expected to drive global demand for medical devices. Website: https://www.draeger.com/en_in/Home. The company recently launched two important analytical technologies: the SCIEX OS software v3.0 and the RNA 9000 Purity & Integrity kit. 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For example, researchers at the company developed one of the three FDA emergency authorized Covid-19 vaccines, the only single-shot option currently available. The Steris PLC is an American-Irish company founded in 1958 and has its headquarters in Ohio, U.S. We'd love to hear from you, please enter your comments. Let's all take a look starting at number 15: Boston Scientific manufactures a wide variety of medical devices used to diagnose and treat patients with problems in the areas of cardiology, urology, endoscopy, and many others. At present, the company is operating through six segments: Anesthesia North America, Vascular North America, Surgical North America, Middle East, Africa, Europe, Asia, and original medical device manufacturing and development services. Cardinal Health is a multinational American company based in Ohio, the U.S. Apart from this it also has its headquarters in Dublin, Ireland. Register in seconds and access exclusive features. And now Terumo is producing medical disposables, cardiovascular systems, and diabetes care products. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. The company aims to provide dialysis therapies and services such as peritoneal & hemodialysis. 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The company is operating in almost 100 countries all around the world having an employee size of 4000 people. With a current market cap in excess of $86bn - as well as total revenues of more than $4.3bn in 2020 - Intuitive Surgical is the leading medical device manufacturer based in California. Privacy Policy. Terumo Corporation is a Japanese company that was founded in 1921 by a group of scientists and Dr. Kitasato to produce thermometers. If you have a regular brokerage account, you can easily add healthcare stocks to your taxable investment portfolio. Firms like Amazon may significantly disrupt old ways of doing business. Terumos excellent service adds new value to several health-care issues, including the demand for minimally invasive technology, reduced medical error, and improved patient care. [Online]. The core aim of the company is to produce and sell medical devices, instrument systems, and reagents. As of 2021, the leading medical technology company based on. * Forecast. Linking and Reprinting Policy. new TradingView.widget( { "width": 980, "height": 410, "symbol": "NYSE:MRK", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_e1a92" It has treated more than 9 million patients and its manufacturing aligners in many countries such as Juarez, Mexico, China, and Israel. Like many other companies on our list, Danahers operations are vast and diverse. Along with this, it offers a range of medical devices such as invisible hearing amplifiers, tiny electronic instruments, that address a small to a wide range of hearing issues. What are the largest medical device companies in 2021? The company has expertise in designing and manufacturing packaging components, and delivery systems for injectable drugs and health care products. It has also been named one of the best companies to work for for over a decade and in 2012 was named the most sustainable company in the world by Canadian media company Corporate Knights. Comprehensively, the top 10 pharma companies in the US had a market capitalization of $1,936,836 million (as of Sept 30, 2022), where Johnson & Johnson was the highest ($429,503 million), followed by Eli Lilly and Co ($307,239 million), and Vertex Pharmaceuticals Inc was the lowest ($74,255 million). You can only download this statistic as a Premium user. Commissions do not affect our editors' opinions or evaluations. Here the Investing News Network looks at the five top medical device companies developing innovative medical technology and medical equipment to treat ailments. Tandem Diabetes Care is an American medical equipment manufacturer that was founded in 2006 and has its headquarters in California, U.S. The companys core aim is to manufacture and sell orthopedic accessories such as knee, hip, and ankle artificial joints, and prosthetic dental devices. 1. This is the list of the world's biggest companies by market capitalization. Among all its applications, it is best known for its Alcon Vision. You need a Statista Account for unlimited access. Healthcare spending in the U.S. is seeing strong, sustained growth. new TradingView.widget( { "width": 980, "height": 410, "symbol": "NYSE:LLY", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_52a46" Market Cap: $53.9 B. Investing News Network websites or approved third-party tools use cookies. The company enables healthcare providers to provide precision medicine and enhance the patient experience by digitizing healthcare. All Rights Reserved. Number of Employees: 150,000. Rank Name Market Cap Price Today Price (30 days) Country; 1: GE HealthCare Technologies. Access to this and all other statistics on 80,000 topics from, Show sources information Seven of the top 15 medical device companies by revenue posted losses in fiscal year 2020, but eight managed gains, according to Medical Product Outsourcing's 2021 report. The company was founded in 1954 and has its headquarters in Basel, Switzerland. } ); Waltham, Mass.-based Thermo Fisher Scientific Inc. manufactures scientific equipment, instruments and software used in medical research and development as well as reagents and consumables. In, Evaluate Vantage. Intuitive Surgical. The bioprocess solutions include the focus on the production of segments filtration, fluid management, fermentation & purification processes of the biopharmaceutical industry. Furthermore, the company also has a 38% market share of the dialysis market in the United States. Currently, Novo employs more than 45,000 people and sells its wares in over 160 countries. Top 50 Medical Device Companies - Take Away Top 50 Medical Device Companies in 2023 Johnson & Johnson (NYSE: JNJ) Novartis AG (NYSE: NVS) Abbott Laboratories (NYSE: ABT) Medtronic PLC (NYSE: MDT) Baxter International (NYSE: BAX) Danaher Corporation (NYSE: DHR) General Electric (NYSE: GE) 3M Company (NYSE: MMM) You can only download this statistic as a Premium user. The company has specialization in manufacturing and marketing internal & external implantable circulatory support medical devices. Medtronic: $30.12B 2020 revenue: $28.93B Percentage change: +4% 2. In terms of the organizations medical device equipment, Abbott Laboratories develops treatment options for vascular diseases; the options include coronary and carotid stents, plus catheters and vessel closure devices. In, Evaluate. The company is headquartered in Minnesota and its provider networks span the country. Growth in the global medical device industry is tied to the rapid rise of an aging population, increased infectious and chronic diseases, as well as technological advancements in both the field of life science and in emerging technologies such as 3D printing, robotics and the internet of things. It is one of the largest medical device companies in the life science sector. UnitedHealth was founded in 1977, and it has a strong track record of paying shareholders regular dividends. Besides, the company operates in North America, Africa, the Middle East, Asia Pacific & Europe. providers treat and diagnose patients in order to improve their quality of life. It will enable you to choose the right and strategic partner to scale up your business process. The company is the largest producer of manufacturing wound management products, trauma & clinical therapy products, arthroscopy products, and orthopedic reconstruction products. This phenomenon is nothing new, but there are increasing calls for government action and regulatory changes to do something about the ever-climbing cost of care and health insurance. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Chart. Website: https://www.intuitive.com/en-us/. But if you have a 401(k), youll likely instead have to look into mutual funds that focus on the healthcare industry, rather than individual stocks. In response to the novel coronavirus outbreak, Thermo Fisher Scientific worked quickly to create a new multiplex real-time RT-PCR diagnostic kit to allow clinical and public health laboratories to rapidly diagnose COVID-19 caused by SARS-CoV-2 infection. This company comes as the top biotech firm in the world with its largest market cap. In a recent report, the global market for ventilators was only valued at $1 billion in 2018 and saw an increase of up to 172% in 2020 due to an increase in demand for coronavirus. Have you ever thought of the top medical device companies? With this research, you can review the companys profile, and get product information, financial data, and annual reports. This is the list of the largest healthcare companies by market capitalization. Securities Disclosure: I, Melissa Pistilli, hold no investment interest in any of the companies mentioned. Founded in 1979, to create less invasive medical devices and procedures, they continue to innovate in the broader areas of medicine today. Top 20 companies based on medical technology revenue market share in 2021 and 2028 [Graph]. UnitedHealth Group is the biggest publicly traded health insurance company in the U.S. by market capitalization. West Pharmaceuticals Inc is a company founded in 1923 and has its headquarters in Pennsylvania, U.S. Medical equipment: . The medical device industry is not recession-proof. The MarketWatch News Department was not involved in the creation of this content. Top 50 Medical Device Companies Take Away, Becton Dickinson and companies (NYSE: BDX), Boston Scientific Corporation (NYSE: BSX), Fresenius Medical care AG & Co. KGAA (NYSE: FMS), West Pharmaceuticals Services INC (NYSE: WST), Fisher &Paykel Healthcare Corporation Limited (NZE: FPH), Shandong Weigao Group Medical Polymer Company LTD. (HKG: 1066), Most trusted best medical device companies across the globe, Revenues collected by Medical device company in 2021, Employee-size of the respective medical device company, Total R&D spent by medical device companies in 2021, Top Medical equipment manufacturers based on Market Cap, Find out the smallest to largest publicly traded, In discovering the market share and cash flow of, This report would help in accessing the latest technologies used by the. Merck was nationalized during World War I under the Trading with the Enemy Act of 1917being an offshoot of a German company. You can head on over to the 15 largest biotech companies in the world for more information. Stocks are listed in order of market cap size, with data gathered using Tradingviews stock screener. All rights Reserved Ampliz. Hoya corporation has its headquarters in Japan and it has an employee size of over 34300. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Naturally this list of big names in the medical device industry would not be complete without the inclusion of Medtronic, which is one of the largest global medical device manufacturing companies. At present, BD is providing its services in three segments, such as BD medical devices, BD Life sciences, and BD interventional. The attempt to make medical devices more reliable, accurate, and computerized creates a growing demand in finding ways to integrate AI. Its downturn is primarily due to the lockdowns imposed by governments all over the world that hindered the supply chain in the medical devices manufacturing sector. Besides, this massive firm operates in seven industrial divisions-Abbott molecular diagnostics, Abbott Point of Care, Abbott diabetes care, established pharmaceutical division, Abbott vascular care, Diagnostic division, and Abbott nutrition international. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. 15 Largest Medical Device Companies in the World Sign in Finance Watchlists My Portfolio Crypto Yahoo Finance Plus News Screeners Markets Videos Personal Finance Industries Contact Us U.S.. } ); Indiana-based pharmaceutical firm Eli Lilly employs more than 34,000 employees across 18 countries and sells its products in 120 different countries. On the bright side, the global market for medical devices is expected to reach $612.7 billion by 2025 according to a study of Deloitte's 2020 Global Life Science. 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Waters Corporation holds a leading position worldwide in providing complementary analytical technologies: the OS... In dental and oral health products leading medical technology and medical equipment: technologies: SCIEX! People and sells its wares in over 160 countries enhance the patient experience by digitizing healthcare your. I under the Trading with the Enemy Act of 1917being an offshoot a. Opinions or evaluations bring out better clinical outcomes in managing critical bleeding cases but provide solid, long-term!, financial data, and diabetes care is an American medical equipment manufacturer that was in. Account to be able to mark statistics as favorites healthcare providers to provide therapies... 1 million facts: Get quick analyses with our professional research service Corporation has its headquarters Basel! Covid-19 vaccines, the company was founded in 2006 and has its headquarters in Japan and it has an size! 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