The medical devices industry is one of the most regulated and profitable sectors in the world. Growth in the emerging markets coupled with rising revenues at hospitals offer numerous growth prospects for medical devices companies. Due to the mounting competition in the industry, several medical devices companies are continually undertaking R&D activities to maintain a competitive edge. Players in the medical devises space are also working tirelessly towards developing innovative healthcare solutions to fight against the world’s most prevalent diseases, injuries, and disability. Listed below are the top medical devices companies that are leading the way for innovation and profitability in the industry:
Medtronic tops the list of the leading medical devices manufacturers in the world. Founded in the year 1949 and incorporated as Minnesota corporation in 1957, Medtronic serves Physicians, clinics, hospitals, and patients in over 140 countries around the world. The company specializes in patient monitoring market, diabetes management systems, and general surgery devices to name a few.
Johnson & Johnson
Johnson & Johnson is a massive combination healthcare company that deals with consumer, medical, and pharmaceutical divisions. This group is the second largest of the medical devices companies in the world and has been a popular household name across the globe for several decades. They provide products for various medical departments such as cardiovascular, orthopedic, diabetes care, vision care, etc.
Siemens Healthineers is a popular medical devices company headquartered in Erlangen, Germany. They produce and market a wide range of medical devices such as radiation therapy equipment, respiratory machines, patient monitoring systems, and imaging system. In the year 2016, the company rebranded themselves from Siemens Healthcare to Siemens Healthineers. Siemens is one of the largest suppliers of medical devices in the list of the leading global medical devises companies.
Headquartered in Washington DC, Danaher is a leading medical technology provider that offers products for dental, life sciences, diagnostics and environmental and applied solutions. The life sciences and diagnostics divisions combined account for about 62% of the company’s sales.
During the initial days of its establishment, Stryker was focused on developing orthopedic devices such as cast cutters and mobile hospital beds.Over the years, Stryker has expanded into other sectors such as medical and surgical, neurotechnology, and spine. The company has marked their presence in several parts of the world such as Switzerland, Singapore, England, Norway, Spain, etc. to name a few. Though Stryker deals in a variety of medical devices, they specialize in intramedullary nail group and hip fixation devices.
GE Healthcare is headquartered in Buckinghamshire, United Kingdom and is one of the most popular medical devices companies in the world. The company markets imaging equipment such as magnetic resonance imaging (MRI), positron emission tomography (PET) scanners, X-ray, molecular imaging technologies, nuclear imaging, and computed tomography (CT), etc. The company is one of the pioneering medical devices companies across the globe that specializes in producing clinical equipment and cardiology diagnostic equipment such as patient monitors and ventilators.