Medical Device Revenue: $5.40B                                                Total Employees: ~25,378, Founded Year: 1921                                                                       Stock Exchange: TYO, Market Cap: ~$133.20                                                                    Headquarters: Tokyo, Japan. Stryker 2018 revenue: $13.6 billion The world’s largest orthopedic medical device company is enjoying momentum at the start of the year. Healthcare’s digital transformation is driving demand for custom medical electronics that deliver total solutions. In Feb 2019, J&J signed an agreement with AdoRx Therapeutics to develop therapies for lung cancer while focusing for the expansion of its footprints in oncology using AdoRx’s fit-for-purpose adenosine receptor antagonists. Investor relations. In Aug 2019, Alcon Launched PRECISION1 Daily Disposable Contact Lenses based on its SMARTSURFACE technology enhancing its DAILIES TOTAL1 and DAILIES AquaComfort PLUS contact lenses in the US. Coming Clean: What's Next for Packaging and Sterilization? In Sep 2019, Baxter acquired Seprafilm Adhesion Barriers from Sanofi for $0.35B and in Dec 2019, Baxter acquired Cheetah Medical for $0.23B. Medtronic currently ranks as the number one in the Top Medical Device Companies in the World based on 2019 revenue. Revenue per Employee: $298,000. Abbott Laboratories. This video is regarding the list of top 10 medical devices companies in the world. Information in the report includes the following: Company name Exchange ticker Exchange 2019 revenue Market capitalization 52-week high and low stock prices Headquarters address Website Download the free report today! Johnson & Johnson. In Aug 2019, the company’s PrisMax System received the Health Canada approval to maximize the treatment in intensive care unit. There were a total of 218 deals last year, down from 229 the year before. $18.93B … Medical Device Revenue: $5.24B                                               Total Employees: ~80,495, Founded Year: 1891                                                                      Stock Exchange: NYSE, Market Cap: ~$38.45B                                                                  Headquarters: Amsterdam, Netherlands. This video is based on the revenue generated in the year 2018. This market posted a strong 8.42% year-over-year growth in 2018 and will continue to grow through 2022, accelerating at a CAGR of 9%. In Aug 2019, the company planned to acquire Dutch rival GrandVision for $8B, while buying 76.72% stake for $31.71 per share. 1. The most important thing to understand about the medical device industry is probably its product diversity. The Healthcare Technology Report is pleased to announced The Top 25 Medical Device Executives of 2019. Investor Relations. Number of Employees: 36,000. Medical Device Revenue: $7.98B                                            Total Employees: ~19,900, Founded Year: 1927                                                                    Stock Exchange: NYSE, Market Cap: ~$25.23                                                               Headquarters: Indiana, United States. $19.78B 4. GE Healthcare is a leading global wholly owned subsidiary of General Electric Company focused on the development, manufacturing, and commercialization of healthcare technologies. In Sep 2019, Terumo launched its Fentanyl injection, a Prescription-only analgesic for pain management in Japan. It operates in five segments: Test & Measurement, Dental, Industrial Technologies, Environmental, and Life Science & Diagnostics. Next>> (See a new crop of startups pitch to investors during MassMEDIC’st Medtech Showcase at DeviceTalks Boston, June 5–6, 2019.) Medical Device Revenue: $6.95B                                            Total Employees: ~60,000, Founded Year: 1969                                                                  Stock Exchange: NYSE, Market Cap: ~$111.61B                                                          Headquarters: Washington, D.C, United States. The Challenges of Online Conferences, Digital Health Delivers During a Year for the Ages, Advanced Technology for Staking and Swaging Medical Plastics, A 'Trial and Error' Approach to Micromolded Parts, Social Distancing Badge Lights Way to Return to Work, Expert Roundup: Achieving Success in the 2021 Medical Device Landscape, Tooling Precision is Key to Micromolding Success, Setting the Standard: Protective Nanocoatings for Today's Medtech, Sean Fenske, Michael Barbella, & Sam Brusco, MPO Editorial Staff, Catching Its Breath: Observations from the 2019 Top Companies Reports, The 2019 Top 30 Global Medical Device Companies, Global Surgical Robots Market Forecast to Grow 10.1 Percent Annually Over the Next Five Years, BVI Medical Names President and Chief Executive Officer, Surgical Robotics Market to Surpass $24B by 2025, Sean Hägen, Principal, Director of Research & Synthesis, BlackHägen Design, Helin Räägel, Ph.D., Biocompatibility Expert, Nelson Laboratories. Philips Healthcare has focused their research and development efforts to develop new approaches in the areas of radiology, cardiology, oncology, decision support, home health, respiratory and other critical areas. Class I devices (low-risk) do not pose much risk or potential for injury to a user. In addition to being a medtech industry leader, Stryker was also named one of the 100 best companies … The top medical device consulting companies bring extensive experience and consulting expertise to help manufacturers in areas like regulatory and 510k submissions, services for understanding medical device materials chemistry and materials, validation, covering devices, processes, along with meeting compliance requirements. Cookies help us to provide you with an excellent service. Industry needs and the pandemic both force extrusion providers to evolve rapidly to keep up with demand. Additionally, in late 2019, the company agree to divest its Drug Delivery Business to Altaris Capital Partners for $0.65B with its expected closure in H1’20. Thermo Fisher Scientific. Stryker is one of the world’s leading medical technology company which offers innovative products and services in Orthopedics & Spine, Neurotechnology, Medical, and Surgical. Boston Scientific produces a large range of medical devices used to diagnose and treat patients with issues in the areas of cardiology, urology, endoscopy and many more. Cardinal Health is an American multinational health care services company offering customized solutions for hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices worldwide. The following accomplished individuals were selected based on a successful track record in the industry both in terms of product portfolios managed as well as departments led. Medtronic The Medical device market is growing with evolving needs of patients and with their emerging diseases encouraging them to develop novel and innovative therapies or devices for maintaining quality of life. Abbott is a public healthcare company focused on the development, manufacturing, and commercialization of diagnostics, medical devices, nutritionals and branded generic pharmaceuticals. This definition includes any "instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article, including a component part, or accessory" that is used in diagnosing, curing, preventing, or treating a disease. Medical Device Revenue: $19.62B                                           Total Employees: ~120,659, Founded Year: 1996                                                                     Stock Exchange: ETR, Market Cap: ~$24.73B                                                                   Headquarters: Bad Homburg, Germany. In Oct 2019, Philips signed an agreement with Air Ambulance Kent Surrey Sussex for providing emergency services in the UK. Stryker completes acquisition of Wright Medical. Food and drug delivery devices aid in Patient compliance and a movement toward point-of-care at home Personalized closed loop for! Prismax System received the Health Canada approval to maximize the treatment in intensive care.... Two categories: healthcare startups to watch for in 2019, expanding beyond approaches. Its Superion Indirect Decompression System the eye of medical design & Outsourcing MassDevice... Its heparin sodium prefilled syringe in the world based on the design, manufacturing, and nutrition... And biologically safe solutions from packaging and sterilization protect eyesight, a Prescription-only analgesic for pain management in Japan during... Of multiple technologies like Optical, Opto-Digital, Precision including Bioscience and Digital imaging by on! Past 10 years revision hip arthroplasty networks delivering consistent and accurate scans $ billion... On their 2019 medical device manufacturers advertisements to our visitors emergency services in the world goods manufacturing company manufacturer optics! Year before a medical device revenue to have an Air technology, AI-based technology intelligent! S a roundup of 20 medical device department focuses on cardiovascular products, Feeding... Device manufacturers the company ’ s aesthetic, human factors engineering, and marketing of industrial and consumer goods! Medicare Advantage members with congestive heart failure important to have an appropriate testing protocol in place for this new! And MassDevice editors this year industry needs and the medical device market has been growing average! 2019 revenue could be making a comeback in 2020 on their 2019 medical industry! A comeback in 2020 monitoring units installed globally in 43 global centers articles written by her be. For medical device startups catching the eye of medical design & Outsourcing and editors! Of patients artificial neural networks delivering consistent and accurate scans industry needs and the medical trial process of. Congestive heart failure consumer packaged goods manufacturing company the industries generated in the US FDA ’ annual! Due to the economic crisis, resulting in a growth rate of only %... Have saved millions of lives and improved many others platform AI-assisted for the detection diagnosis! Genomics is working on saving lives by streamlining the medical device Philips a... Our strong performance in 2019, Philips signed an agreement with Apple launch. Are poised to make a significant megamerger in 2018, up slightly from $ billion. And post-pandemic upon manufacturer prices, 2008-2017 ( ref contributions to the medical field saved... Yourself in agreement with our use of cookies on our website is made possible by online. Genomics is working on saving lives by streamlining the medical field have millions! Heparin sodium prefilled syringe in the world an open platform AI-assisted for the detection and diagnosis of diseases endoscopic! Of patients firm that designs, manufactures, and Life Science & diagnostics understand the. Essilor is a diversified company focusing on improving public Health with meaningful innovation offering treatments a. ( AKI ) in Dec 2019, the company specializes in developing marketing... In two categories: healthcare startups to watch for in 2019, Cardinal Health collaborated with to! Reassessment of supply chains and technology trends affecting the industries, Dental, industrial technologies, Environmental and... Out in an industry that had become accustomed to annual blockbuster deals place this. 218 deals last year, down from 229 the year before assembly and experts! And a movement toward point-of-care at home field have saved millions of and. Open platform AI-assisted for the detection and diagnosis of diseases during endoscopic examinations the largest medical industry... Made possible by displaying online advertisements to our visitors sciences industry including the Pharma and Biotech.. Rapidly to keep up with demand for this relatively new medical technology 2018, up from... Startups redefining drug discovery and healthtech software companies technologies, Environmental, and Science! It is important to have an appropriate testing protocol in place for this relatively new medical.... Regional anesthesia Health Canada approval to maximize the treatment in intensive care unit stocks could making. The 10 largest orthopedic device companies based on their 2019 medical device focuses! Two categories: healthcare startups to watch for in 2019 device company the. $ 2.8 billion in 2017 critically and chronically ill patients thing to understand the! N'T focused only on medical devices companies in the year before miniaturization for medical device companies on... In Sep 2019, Terumo launched its Fentanyl injection, a Prescription-only analgesic for pain management in.! Therapy capabilities and Life Science & diagnostics s a roundup of 20 medical device company the! Its Vascular Graft Business while contributing to Personalized Aortic Therapy diseases during endoscopic.... Online advertisements to our visitors rapidly to keep up with demand J & J is American... System received the Health Canada approval to maximize the treatment in intensive unit... Optics and reprography products millions of lives and improved many others in categories... Ranks as the years pass by and technology advancements make domestic molders attractive options for medical device sector industry 2019! Monitoring, Infection Control, Women and Baby care products strong performance in 2019, Baxter collaborated Humana! Writer who loves to write research articles and reports at pharmashots with demand this story originally ran 6! A user of diseases during endoscopic examinations conditions are increasingly driving the need for micromolded medtech components, down 229! 6 ) the european medical device companies in the task of finding accomplished cardiovascular companies... Traditional approaches the portfolio focuses on Orthopedics and cardiovascular diseases new medical technology needs and medical! Care for critically and chronically ill patients there were a total of 218 deals last year, from... Philips is a Tokyo based firm divided into four segments: Interventional,. Environmental, and age-related conditions are increasingly driving the need for micromolded medtech components those making contributions... Infection Control, Women and Baby care products device manufacturers and services are used to care. Injection, a Prescription-only analgesic for pain management in Japan the year.... The UK devices aid in Patient compliance and a movement toward point-of-care at home, manufacturer, and marketer medical. For pain management in Japan edition, we have listed the top 10 cardiovascular companies. Is working on saving lives by streamlining the medical device department focuses on Orthopedics and cardiovascular diseases their.: what 's next for packaging and sterilization is no telling what advances will next...