Medical Device Companies play an active role in inventing medical and surgical components. Companies are making doctor’s life easier by offering them smart gadgets and cutting-edge technology. Some of them are inventing surgical instruments, orthopedics, and medical imaging to diagnose the patient. Medical device companies are trying to find an untapped leash to get a quick boost in their main profit. Technology updates keep this industry on its base by providing them with constant updates.
All medical companies must be registered and approved by the US FDA to be available in the market. It takes up to 3 months for the companies to get examined and approved by US authorities. In today’s article, we have compiled the top 35 medical device companies for which you are eager to know.
Here is the list of top 35 Medical Device Companies
1. Medtronic PLC
Revenue: $30.557 B
What does it do? Medtronics is from the world’s top medical device companies. This develops medical technologies and markets its devices in approximately 160 countries. The company operates in four groups including restorative therapies group (RTG), diabetes group, cardiac and vascular group (CVG), and minimally invasive therapies group (MITG).
2. Johnson & Johnson
Revenue: $82.1 B
What does it do? This medical company is holding a second position in the list of the top. Companie’s are of interest are immunology, cardiovascular and metabolism, infectious diseases ad vaccines, neuroscience, oncology, and pulmonary hypertension.
3. Fresenius Medical Care
Revenue: $19.6 B
What does it do? This medical company provides kidney dialysis services, medical devices, and services for dialysis, hospitals as well as inpatient and outpatient medical care. The company works through a network of 3,994 dialysis centers.
4. Olympus Corporation
Revenue: $793.86 B
What does it do? Olympus manufactures, microscopes, industrial scanners, electrocautery, endotherapy, and disinfection medical equipment. Olympus holds roughly a 70-percent share of the global endoscope Olympus is handling 70% shares in the global endoscope market.
5. 3M Company
Revenue: $32.136 B
What does it do? The 3M Company manufactures a wide range of products, including personal protective medical equipments, consumer-electronics components, and relevant products.
6. Terumo Corporation
Revenue: $5407.918 B
What does it do? Terumo medical device company provides healthcare systems with solutions that help to reduce care variation and design infusion therapy devices.
7. Smith & Nephew plc
Revenue: $5.14 B
What does it do? This medical technology company develops, markets and sells medical devices and services. Its products and services include Sports Medicine Joint Repair, AET, Trauma & Extremities, and Advanced Wound Devices, etc.
8. Canon Inc
Revenue: $33.058 B
What does it do? The medical company develops and sells a wide range of copying machines, printers, cameras, optical products. Canon’s five imaging engines drive the technology behind all of the current products
9. Edwards Lifesciences Corporation
Revenue: $4.348 B
What does it do? The medical company specializes in artificial heart valves and hemodynamic monitoring. It is most well-known for its SAPIEN transcatheter aortic heart valve made of bovine tissue within a collapsible stainless-steel stent, deployed via a catheter.
10. Intuitive Surgical, Inc.
Revenue: $4.479 B
What does it do? The company develops and markets robotic products designed to improve clinical outcomes of patients through minimally invasive surgery, mainly with the da Vinci Surgical System.
11. HOYA CORPORATION
Revenue: $556.81 B
What does it do? The medical company manufactures optical products, medical photonics, lasers, lenses, photographic filters by using wavefront technology for the health-care market.
12. Hologic, Inc.
Revenue: $3.37 B
What does it do? Hologic, Inc. is a medical technology company primarily focused on women’s health; it sells medical devices for diagnostics, surgery, and medical imaging. … In March 2020, Hologic received emergency use authorization from the FDA for a test for 2019-nCoV to help address the 2019-20 coronavirus pandemic.
13. Becton, Dickinson, and Company (BD)
Revenue: $4.35 B
What does it do? The medical technology company creates and sells medical devices, instrument systems, reagents, and also provides advising and analytics services.
14. Siemens AG
Revenue: $93.79 B
What does it do? Siemens powerhouse focuses on the areas of automation, electrification, and digitalization. Siemens systems provide power generation, resource-saving technologies, transmission as well as medical diagnosis.
15. Cardinal Health, Inc.
Revenue: $37.4 B
What does it do? This medical device company provides customized solutions for healthcare systems, pharmacies, ambulatory surgery centers, and physician offices worldwide.
16. Stryker Corporation
Revenue: $14.88 B
What does it do? Stryker offers products and services in Orthopedics, Medical and Surgical, and Neurotechnology and Spine that help to improve patient’s health.
17. Royal Philips NV
Revenue: $21.82 B
What does it do? The health technology company offers products and services in diagnostic imaging, image-guided therapy, patient monitoring, and health informatics, as well as in consumer health and home care.
18. EssilorLuxottica SA
Revenue: $18.80 B
What does it do? EssilorLuxottica SA is a France-based ophthalmic company. The Company designs, manufactures and markets a range of lenses, frames, and sunglasses to improve and protect eyesight. It also develops and markets equipment for prescription laboratories and instruments and services for eyecare professionals.
19. Baxter International Inc.
Revenue: $11.362 B
What does it do? The medical company provides automated peritoneal dialysis (APD) and Spectrum IQ Infusion System in treating patients at home as well as in clinics. The workflow includes Critical care, Nutritional care, Rental care, and Surgical Care.
20. Boston Scientific Corporation
Revenue: $2.8 B
What does it do? From top medical device companies, Boston used in interventional medical specialties, including interventional radiology, cardiology, peripheral interventions, electrophysiology, cardiac surgery, vascular surgery, and gynecology.
21. Zimmer Biomet Holdings, Inc
Revenue: $2.126 B
What does it do? Zimmer serves its medical equipment worldwide. The Company offers orthopedic, dental, and spinal reconstructive implants, as well as bone cement and related surgical products.
22. Novartis AG
Revenue: $47.7 B
What does it do? Novartis AG is one of the largest pharmaceutical companies by both market capitalization and sales. Novartis manufactures the diclofenac, carbamazepine, letrozole, methylphenidate, and many more.
23. Varian Medical Systems, Inc.
Revenue: $3.2 B
What does it do? Varian Medical Systems (VAR) of Palo Alto, California, USA, is a radiation oncology treatment and software maker. The medical devices include linear accelerators and software for treating cancer and other medical conditions with radiotherapy, radiosurgery, proton therapy, and brachytherapy.
24. Nipro Corporation
Revenue: $3.845 B
What does it do? Nipro Corporation is a world-leading manufacturer of Renal, Medical-Surgical and Interventional Radiology products. Their high quality adds solutions to improve patient care.
25. Hill-Rom Holdings, Inc
Revenue: $2.91 B
What does it do? This medical device company makes hospital beds, health care equipment, and medical technology systems.
26. Danaher Corporation
Revenue: $17.911 B
What does it do? The company designs manufactures and markets professional, medical, industrial and commercial products and services. The company’s 3 segments are “Life Sciences”, “Diagnostics” and “Environmental & Applied Solutions”. Danaher is ranked 160th on the Fortune 500.
27. Getinge
Revenue: $2.8 B
What does it do? Getinge offers solutions for intensive care, cardiovascular procedures, operating rooms, sterile reprocessing and life science.
28. BioMerieux SA
Revenue: $2.89 B
What does it do? BioMérieux provides diagnostic solutions to determine the source of disease and infection. Its products are used for diagnosing infectious diseases, cancer screening, and monitoring and cardiovascular emergencies.
29. STERIS Plc
Revenue: $2.782 B
What does it do? STERIS medical company concentrates on healthcare, infection prevention, pharmaceutical, and medical device customers.
30. Sysmex Corporation
Revenue: $2.647 B
What does it do? Sysmex develops and sells laboratory testing reagents and computer systems for medical institutions, as well as for software used in clinical examination information systems.
31. ResMed Inc.
Revenue: $2.6 B
What does it do? From top medical device companies, ResMed focuses on cloud-connectable medical devices for the treatment of sleep apnea, chronic obstructive pulmonary disease (COPD), and other respiratory conditions.
32. Teleflex Incorporated
Revenue: $2.4 B
What does it do? Teleflex is an American provider of medical devices for a range of procedures in critical care and surgery. Teleflex has operated in about 40 countries and has more than 12,000 employees in it.
33. Cooper Companies, Inc.
Revenue: $2.65 B
What does it do? Cooper Companie has business units i.e. CooperVision and CooperSurgical. The company offers products and services in the vision care and women’s health care markets.
34. IDEXX Laboratories, Inc.
Revenue: $2.4 B
What does it do? IDEXX Laboratories, Inc. is an American multinational corporation engaged in the development, manufacture, and distribution of products and services for the companion animal veterinary, livestock and poultry, water testing, and dairy markets.
35. PAUL HARTMANN AG
Revenue: $579.58 B
What does it do? Paul Hartmann AG manufactures and markets diagnostic medical equipment, skincare, feminine hygiene, and incontinence products.
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