top medical device companies 2020

| December 10, 2020

Revenue per Employee: $247,000. Medtronic remains the largest medical device company in the world. 2020 Winners. Novartis International AG is a Swiss multinational pharmaceutical company based in Basel, Switzerland. The Endovascular Devices segment researches, develops, manufactures, and sells endovascular devices. The company has 170 years of experience and 65,000 patents around the world. OraSure Technologies Inc. (OraSure), incorporated on May 5, 2000, is involved in the development, manufacture, marketing, and sale of oral fluid diagnostic products and specimen collection devices using its technologies, as well as other diagnostic products, including immunoassays and other in vitro diagnostic tests that are used on other specimen types. Ref: Abbott Laboratories Annual Report 2019, 2019 Revenue: $21.10 billion The company markets its products through independent distribution channels and sales representatives to health care institutions, life science researchers, clinical laboratories, the pharmaceutical industry, and the general public. The company's business is measure-through motion and low perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Top 10 CardioVascular Device Companies - 2020. This list is intended to help you answer important questions like: What are the top 100 medical device companies in the world by market cap? GenMark Diagnostics Inc., incorporated on February 12, 2010, is a molecular diagnostics company. They produce a broad range of branded generic pharmaceuticals, medical devices, diagnostics, and nutrition products and in 1985, the company developed the first-ever HIV blood-screening test. 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. Domestically, UTMD's medical devices are sold directly to clinical end-user facilities by the company's own direct sales representatives and independent manufacturers' representatives. It is one of the largest pharmaceutical companies by both market capitalization and sales, and it is the third-largest Swiss company by revenue. Waters Corp. operates in two divisions: Waters Division and TA Instruments. SeaSpine Holdings Corporation, incorporated on February 12, 2015, is a medical technology company. The company is globally engaged in patient-focused innovations for structural heart disease and critical care monitoring. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care. Number of Employees: 107,000 The company was established in 1972 after the merging of two rival lens manufacturers. The company operates in the ophthalmic surgical market segment. The company was organized into three distinct business areas: Infection Control (Getinge), Extended Care (ArjoHuntleigh) and Medical Systems (Maquet), but it was announced in March 2017 that the company would unify its brands under the Getinge name moving forward. Number of Employees: 70,000 CEO, chairman, and president Michael R. Minogue has focused the company’s efforts on developing groundbreaking technologies designed to improve patient outcomes focused on native heart recovery. It offers Inogen One, a portable device that concentrates the air around the patient to provide a single source of supplemental oxygen; Inogen At Home stationary oxygen concentrators; and related accessories. The company has a portfolio of orthobiologics and spinal-fusion hardware solutions to meet the varying combinations of products that neurosurgeons and orthopedic spine surgeons need to perform fusion procedures in the lumbar, thoracic, and cervical spine. Its device products include metered-dose inhalers, dry powder devices, actuators, dose counters, disposable autoinjectors, nasal devices, and point-of-care diagnostics devices. It provides analytical devices for measuring hemostasis, which enable health care providers to manage their patients' bleeding risk. Last … Its fluid delivery products include valves that promote infection control and needle safety. In 1999, Align Technology pioneered the invisible orthodontics market with the introduction of the Invisalign system and by 2001 had manufactured 1 million unique clear aligners. Fonar Corporation (Fonar), incorporated on July 17, 1978, is engaged in the business of designing, manufacturing, selling, and servicing magnetic resonance imaging (MRI) scanners, which utilize MRI technology for the detection and diagnosis of human disease, abnormalities, injuries, and other medical conditions. With its constantly growing portfolio of effective medical care solutions, B. Braun makes a substantial contribution toward protecting and improving people's health. CryoLife’s mission is to restore patients’ health and quality of life by delivering innovative technologies. Its VPT business develops, designs, manufactures, sells, and services products and systems for delivering proton therapy, another form of external beam radiotherapy using proton beams for the treatment of cancer. The products of the company include preparations, raw materials, medical devices, and health care products, as well as agricultural and fine chemicals. Baxter moved into Ireland in the mid-1960s and built its first manufacturing site there in 1972. Prestige Brands Holdings Inc., incorporated on June 24, 2004, is engaged in the marketing, sales, and distribution of over-the-counter health care products to mass merchandisers; drug stores; supermarkets; and club, convenience, and dollar stores in North America (the United States and Canada), in Australia, and in certain other international markets. There has been a lot of change on medtech's leaderboard over the past 12 … Sartorius operates its own production facilities in Europe, Asia, and America and also has sales offices and local representatives in more than 110 countries. Across these four sites, Stryker employs over 3,000 people. Examples of medical devices include pacemakers, artificial joints, … Its product offerings include noninvasive monitoring of blood constituents with an optical signature, optical organ oximetry monitoring, and more. The company manufactures personal hygiene and medical products and operates in Europe, Asia, North America, South America, Africa, and Australia. The company's segments include Japan, EMEA, North America Plasma, and the rest of the world. It offers peritoneal dialysis and hemodialysis, and additional dialysis therapies and services; renal replacement therapies and other organ support therapies focused in the intensive care unit; sterile intravenous (IV) solutions, IV therapies, infusion pumps, administration sets, and drug reconstitution devices; and parenteral nutrition therapies. Its Physician Management and Diagnostic Services segment is conducted through its subsidiary Health Management Company of America (HMCA). FREE RESOURCE: Click here to download a PDF chart of the top 100 medical device companies in the world. Haemonetics makes blood processing systems and software, which tracks blood components. Its operational headquarters are in Fridley, Minnesota. Many of the biggest American medical device companies have been in the news at some point this year due to their efforts in tackling the Covid-19 pandemic. Get links to each company's website where you can look up additional product information along with financial data and annual reports. The company focuses on the development, manufacturing, and marketing of surgical implants and medical instruments. Axogen Inc., incorporated on June 20, 1977, offers surgical solutions for peripheral nerve injuries. Its extensive product line includes patient care and monitoring accessories of all kinds; general surgical equipment; and medical devices for cardiovascular, diabetic, and neurological applications. Nemaura Medical Inc. is a medical technology company that discovers, develops, and commercializes specialty medical devices. Gerresheimer AG is a Germany-based company that is active in the pharmaceuticals and health care industries. Top 10 Medical Device Manufacturing Consulting/Service Companies in Europe - 2020 The growth of the medical device manufacturing industry is crucial for ensuring the well-being of the population. Medical Tech Outlook. The company partners with health care providers across care settings by focusing on patient care solutions that improve clinical and economic outcomes in five core areas: advancing mobility; wound care and prevention; patient monitoring and diagnostics; surgical safety and efficiency; and respiratory health. What are the Top Medical Device Companies in the World in 2020? In total, the B. Braun product range comprises 5,000 different products, 95 percent of which are manufactured by the company. Today there is a focus on using that technology to improve treatment and management of chronic conditions specifically – Medtronic claims that “every three seconds, another life is improved by a Medtronic product or therapy”. The company also offers Varian Particle Therapy (VPT) and owns the Ginzton Technology Center (GTC). Insulet Corp.: Insulet is a medical device company. The company's product portfolio focuses on applications for spinal-fusion surgery, including biologics used to aid in the spinal-fusion process. Revenue per Employee: $438,000. The company is engaged in the development, manufacturing, distribution, and marketing of medical devices and cloud-based software applications that diagnose, treat, and manage respiratory disorders, including sleep-disordered breathing (SDB), chronic obstructive pulmonary disease (COPD), neuromuscular disease, and other diseases. Wright Medical Group N.V. is a medical device company with segments including U.S. Lower Extremities & Biologics, U.S. Upper Extremities, and International Extremities & Biologics. The company is engaged in the design, development, manufacture, marketing, and servicing of laser and other energy-based aesthetics systems for practitioners across the world. Each system consists of an MRidium MRI-compatible IV infusion pump, a nonmagnetic mobile stand, and disposable IV tubing sets. Top 10 Medical Device Manufacturing Companies in APAC - 2020 Medical devices encompass broad items such as bandages all the way through to high-tech pacemakers. The company's technology is a chlorine dioxide formulation. We have selected this product as being #2 in Best Medical Device Companies of 2020 View Product #3 . GE Healthcare is the medical technology subsidiary of General Electric – a multinational conglomerate based in the USA. The company's products and solutions include cochlear implants, such as Nucleus 6 and Aqua+; bone conduction implants, such as Baha Attract and Baha Connect; acoustic implant solutions, such as the Cochlear Carina System, the Cochlear MET System, and the Cochlear Codacs System, and others. The company's devices are used in minimally invasive, image-guided procedures. Click here to take a quick tour of Greenlight Guru's Medical Device QMS software →. Have you ever wondered about the biggest medical device companies in the world? It has developed the microinvasive glaucoma surgery (MIGS) to serve as an alternative to the traditional glaucoma treatment and management paradigm. MRIdian integrates MRI technology, radiation delivery, and the company's software to locate, target, and track the position and shape of soft-tissue tumors while radiation is delivered. The company’s  Isolator Synergy Ablation System was designed for the treatment of persistent and long-standing persistent forms of AFib in patients undergoing certain open concomitant procedures. The company’s customers are from the biotech, pharma, and food industries, as well as from public research institutes and laboratories. Novartis. Its peripheral artery disease (PAD) systems are catheter-based platforms capable of treating a range of plaque types in leg arteries both above and below the knee. The company operates its production sites in Burgdorf, Solothurn, Grenchen and Tabor and has sales and distribution network across Europe. 1. Sartorius provides services that help customers implement complex and quality-critical processes in biopharmaceutical production and laboratory environments in a time- and cost-efficient way. Their Galway sites employ over 2000 people and manufacture respiratory monitoring devices. Inogen Inc., a medical technology company, primarily develops, manufactures, and markets portable oxygen concentrators in the United States and internationally. Zimmer Biomet was founded in 1927 to produce aluminum splints and is part of the medical devices business cluster in Warsaw, Indiana. Medtronic is among the world's largest medical equipment development companies. Their main areas of focus are lighting, electronics, and healthcare – the latter accounts for 42% of global sales revenue. Globally, Medtronic employs over 90,000 people in over 150 countries. The AAA products are built on one of two platforms: either traditional minimally invasive endovascular repair (EVAR) or endovascular sealing (EVAS), its solution for sealing the aneurysm sac while maintaining blood flow through blood-flow lumens. This list is intended to help you answer important questions like: Click here to take a quick tour of Greenlight Guru's Medical Device QMS software →, Ultimate Guide to Comparing QMS Solutions, Integra LifeSciences Holdings Corporation, China Grand Pharmaceutical and Healthcare Holdings, Smith & Nephew PLC was awarded a contract, FDA QSR/ISO 13485 Internal Audit Checklist, 15 Steps to Creating a Risk-based CAPA Process, Review the largest medical device companies in the world by market cap, Develop a broader view of the medical devices global marketplace, the biggest players in the industry and the products and innovations making the biggest impacts today, Discover companies developing technology that you may want to work on, or that you could benefit from, Appreciate the amount of revenue generated globally by medical device sales each year, especially by the industry giants that control huge amounts of market share. The human health care segment is engaged in the manufacture, development, and sale of infection control and hygiene products, which include products that are used primarily for infection control in hospitals; the segment’s products are marketed under the brand Tristel. Steris PLC provides infection prevention and other procedural products and services. Johnson & Johnson operates three distinct divisions – medical devices, pharmaceuticals, and consumer health. Over the years, Terumo has provided new value by grappling with health care issues in areas such as infection control, prevention of medical errors, the demand for minimally invasive treatments, and improvements in both medical cost efficiency and patient quality of life (QOL). Revenue per Employee: $196,000. To gather the information, we researched the most recent annual report from each of the 100 medical device companies. Medical device companies develop medical devices and surgical instruments to diagnose, treat, or prevent various medical conditions. Mid-cap medical device companies have a market cap of $2 billion to $10 billion. It develops and manufactures an insulin infusion system for people with insulin-dependent diabetes. But I expect that the pent-up demand for these surgeries will be a nice tailwind for the company in the second half of 2020… Approximately 600 people are employed within the Cork manufacturing site and products from this site are exported to over 70 countries worldwide. Ref: Johnson & Johnson Annual Report 2019, 2019 Revenue: $30.55 billion The company operates through four segments: Instruments, Continuous Monitoring, Biological Indicators, and Cold Chain. Mesa Laboratories Inc., incorporated on March 26, 1982, is focused primarily on quality control products and services. Number of Employees: 36,000 The company operates through three segments, based on geography: EMEA, Asia/Pacific, and the Americas. Braun is one of the world's leading providers and manufacturers of health care solutions today. The Orthopedics Devices segment researches, develops, manufactures, and sells orthopedics devices. The company's segments include Specialty Surgical Solutions and Orthopedics and Tissue Technologies. The company's principal activities include the design, development, and manufacture of medical drug delivery devices and services for the pharmaceutical industry. Companies in this list are ranked in two categories: healthcare startups redefining drug discovery and healthtech software companies. These evaluation and measurement tools assist health care professionals in detecting changes in sensation; assessing return of sensory, grip, and pinch function; evaluating treatment interventions; and providing feedback about nerve function to patients. Number of Employees: 120,600 The products in the Innovative Fusion category include fusion products to treat spinal disorders for the entire spine, and they can be used in various surgical approaches. Between them, they have several separate manufacturing operations in both Limerick and Cork. Along with these core surgical products, the company also offers the Axotouch Two-Point Discriminator, and the AcroVal Neurosensory and Motor Testing System. Today, the company earns the majority of its annual revenue through its medical device business, with the remaining coming from its scientific solutions and imaging departments. The company operates through the development, manufacture, and sale of MRI-compatible products and IV infusion pump systems for use by hospitals and acute care facilities during MRI procedures. STAAR Surgical Company (STAAR), incorporated on April 3, 1986, designs, develops, manufactures, and sells implantable lenses for the eye, as well as delivery systems used to deliver the lenses into the eye. BioLife Solutions Inc. (BioLife), incorporated on March 25, 1998, is engaged in developing, manufacturing, and marketing a portfolio of biopreservation tools and services for cells, tissues, and organs, including clinical grade cell and tissue hypothermic storage, and cryopreservation freeze media and a related cloud-hosted biologistics cold chain management application for shippers. The 2020 Top 30 Global Medical Device Companies. TransEnterix Inc., incorporated on August 19, 1988, is a medical device company. Number of Employees: 69,000 Intersect ENT Inc., incorporated on October 6, 2003, is a commercial-stage drug-device company. Syneos Health, Teleflex, and CONMED are working hard to build positive corporate cultures and their employees are reaping the benefits. It offers its services to customers, such as pharmaceutical companies. The company operates through four segments, which are Wound Management, Incontinence Management, Infection Management, and Other Group Activities. Stryker has four plants across Ireland – three in Cork and one in Limerick. Becton, Dickinson and Company was founded in 1897 and is based in Franklin Lakes, New Jersey. Arjo AB is a medical device company that manufactures medical devices, services, and solutions aimed to improve quality of life for people with reduced mobility and age-related health issues. Verge Genomics, co-founded by Alice Zhang and Jason Chen, tops our list of best healthcare startups to watch for in 2019. Sartorius Stedim Biotech SA is a German-based international provider of laboratory and process technologies and equipment. Its portfolio of products includes Avance Nerve Graft, Axoguard Nerve Connector, Axoguard Nerve Protector, and Avive Soft Tissue Membrane. The company was founded in 1847 in Berlin by Ernst Werner von Siemens. The massive firm is operated in seven industrial divisions – Abbott Diabetes Care, Abbott Diagnostics Division, Abbott Molecular Diagnostics, Abbott Nutrition International, Abbott Point-of-care, Abbott Vascular Division, and Established Pharmaceuticals Division. The company operates approximately 40 production facilities in Europe, North America, South America, and Asia. Large-cap medical device companies have a market cap of $10 billion to $200 billion. Bespak's core business is the manufacture of inhaled drug delivery devices for life sciences partners, and its operations are based in the United Kingdom. Top 10 Medical Device Testing and Certification Companies — 2020. Siemens has over 600 employees across Ireland including staff in headquarters and sales roles. Between them, they employ over 1000 people. The Contamination Control segment addresses the pharmaceutical and personal care product manufacturing industries. The company is focused on developing products for patients with musculoskeletal disorders. Number of Employees: 54,000 It distributes, adjusts, and personalizes hearing aids. Founded in 1888, Abbott has now become one of the leading pharmaceutical and medtech companies in the world. CONMED Corporation, incorporated on February 10, 1970, is a medical technology company. In Europe having generated a total Revenue and total R & D spending in! Care Inc., incorporated on June 19, 1989, is a global medical company. Business in over 100 countries Nerve Graft, Axoguard Nerve Connector, Axoguard Nerve Protector, and disposable IV sets... Largest players reusable chambers and breathing circuits, infant resuscitators, infant resuscitators, infant,... 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