Top 20 Medical Device Companies in the USA Brought to you by MedicoReach
Overview According to reports, the global medical device industry is expected to reach $483.8billion by 2022. It is not a surprising fact to know as the growth in the industry has been exponential in recent years. With technological advancements, medical device companies are investing in the latest technologies to build effective and efficient medical devices, equipment, surgical instruments, etc. With increasing demand for latest medical devices that can help treat, diagnose and prevent complex to complex health issues, the competition in the market is soaring up. More and more medical device companies are evolving to produce various equipment and instruments to improve care and promise a healthy future. The competition is, and amid all the crow, medical device companies that are standing out and making some real contributions are a few. Here is the list of all the 10 US medical device companies having a higher market share, revenue, and reach than the others.
Medtronic A world's largest medical device company. CEO: Omar Ishrak Headquarters: Dublin, Ireland Founded: 1949 Revenue: $29.7billion (2017) Products: The Company’s medical device manufacturing unit is divided into four groups: Minimally Invasive Therapies, the Restorative Therapies, the Diabetes, and the Vascular and cardiac Group.
DePuy Synthes A subsidiary of Johnson & Johnson, the company, produces devices under the brands – DePuy Mitek, DePuy Spine, Codman, and DePuy Orthopaedics. CEO: Alex Gorsky Headquarters: Raynham, Massachusetts, United States Founded: 1895 Revenue: $26.6billion (2017) Products: Biomaterials, surgical instruments, knee and hips replacement devices, spine treatment devices, etc.
Fresenius Medical care The world’s largest medical device company that manufactures devices for the treatment of chronic kidney failure. CEO: Rice Powell Headquarters: Bad Homburg vor der HÜhe, Germany Founded: 1996 Revenue: $20,9billion (2017) Products: Dialyzers, therapeutic apheresis products, and other dialysis products.
Philips Healthcare A medical device manufacturing subsidiary of multinational technology company Philips. CEO: Frans van Houten Headquarters: Netherlands and Andover, Massachusetts, United States Founded: 1896 Revenue: â‚Ź17.8 billion Products: CT scanners, radiography equipment, mammography equipment, ultrasound equipment, molecular imaging devices, and more.
GE Healthcare An American multinational conglomerate and a subsidiary of General Electric. CEO: Kieran Murphy Headquarters: Chicago, Illinois, United States Founded: 1994 Revenue: $20.4billion Products: PET, CT, ECG, X-ray, MRI, ultrasound machines, incubators, bone densitometry, and respiratory care systems.
Siemens Healthineers One of the largest medical technology supplier and software solutions provider. CEO: Bernd Montag Headquarters: Erlangen, Germany Founded: 1847 Revenue: â‚Ź14.2billion (2017) Products: Devices such as molecular diagnostics and imaging, computed tomography, ultrasound, MRI, X-ray, etc
Cardinal Health An integrated multinational healthcare company, offering laboratory, pharmaceutical, surgical and medical devices to healthcare institutions. CEO: Michael C. Kaufmann Headquarters: Dublin, Ohio, United States Founded: 1971 Revenue: $13.5billion (2017) Products: Pharmaceutical and medical products and services.
Stryker A US-based medical device company specializing in medical, surgical, orthopedics, spine and neurotechnology. CEO: Kevin A. Lobo Headquarters: Kalamazoo, Michigan, United States Founded: 1941 Revenue: $12.4billion (2017)
Becton, Dickinson, and Company (BD) An American medical technology company manufacturing devices for clinical labs, life science researchers, the general public, the pharmaceutical industry, and healthcare institutions. CEO: Vincent A. Forlenza Headquarters: Franklin Lakes, New Jersey, United States Founded: 1897 Revenue: $12.1billion (2017) Products: Laboratory equipment, devices, medical supplies, and diagnostic products.
Baxter International An American medical device company manufacturing products for the treatment of chronic and acute medical disorders and conditions. CEO: JosĂŠ E. Almeida Headquarters: Deerfield, Illinois Founded: 1931 Revenue: $10.6billion (2017) Products: Medical devices and supplies for treatment of kidney disease, hemophilia, and intravenous therapy.
Abbott Laboratories An American health care company providing medical devices, drugs, nutritional products and diagnostics devices. CEO: Miles D. White Headquarters: Lake Bluff, Illinois, U.S Founded: 1888 Revenue: $ 30.578 billion (2018) Products: Medical devices, diagnostic assays, generic drugs and dietary supplements.
Boston Scientific A manufacturer of medical devices which are used in interventional medical specialties. CEO: Michael F. Mahoney Headquarters: Marlborough, Massachusetts, United States Founded: 1979 Revenue: $ 9.048 billion (2017) Products: Drug-eluting stent, ICD and other medical devices used in vascular surgery, endoscopy, gynecology, and more.
Danaher Corporation A globally diversified conglomerate. CEO: Thomas P. Joyce Jr. Headquarters: Washington, D.C., United States Founded: 1969 Revenue: $ 18.33 billion (2017) Products: Manufactures, designs and markets healthcare, industrial and consumer products.
Zimmer Biomet A publicly traded medical device company. CEO: Bryan C. Hanson Headquarters: Warsaw, Indiana, United States Founded: 1927 Revenue: $ 7.824 billion (2017) Products: Orthopaedics products including artificial knee, shoulder, hip, foot and elbow joints, dental prostheses, etc.
Alcon A global medical company that specializes in manufacturing of eye care products. CEO: F. Michael Ball Headquarters: Fort Worth, Texas, United States Founded: 1945 Revenue: $ 7 billion (2017) Products: Contact lenses, surgical products, and over-the-counter products.
3M An American multinational conglomerate. CEO: Michael F. Roman Headquarters: Maplewood, Minnesota, U.S. Founded: 1902 Revenue: $ 31.657 billion (2017) Products: Orthodontic products, dental equipment, and other medical products.
Hologic A medical technology and device company selling medical devices for medical imaging and surgery. CEO: Stephen P. MacMillan Headquarters: Marlborough, Massachusetts, United States Founded: 1986 Revenue: $ 813.5 million (2018) Products: Medical imaging systems, diagnostic products and surgical products.
Edwards Lifesciences An American medical equipment company manufacturing artificial heart valves and hemodynamic monitoring devices. CEO: Michael A. Mussallem Headquarters: Irvine, California, United States Founded: 1958 Revenue: $ 3.4 billion (2018) Products: Heart valves, cardiac surgery technology and critical care technology products.
Dentsply Sirona An American medical device company designing and manufacturing dental equipment and dental consumables products. CEO: Donald M. Casey Jr. Headquarters: York, Pennsylvania, United States Founded: 1958 Revenue: $ 3.99 billion (2017) Products: Dental laboratory products, tooth polishers, artificial teeth and other specialty products related to dentistry.
Intuitive Surgical Inc. An American corporation developing, manufacturing and marketing robotic products to improve clinical outcomes. CEO: Gary S Guthart Headquarters: Sunnyvale, California, United States Founded: 1995 Revenue: $ 3128.9 million (2017) Products: Surgical systems, robotics products, etc.
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