The medical device industry is an important and rapidly growing branch of the life sciences industry. It produces and sells a wide range of medical device products, such as diagnostic, surgical, wheelchair and cardiac devices, which are widely used in hospitals and other medical facilities. Despite the current regulatory and financial pressures on the industry, the global medical device market is still growing. Many medical device companies have made technological progress and achieved exponential growth. According to a report released by Kalorama Information, a Market Research Institute in the medical field, the global medical device market currently stands at 389 billion dollars and is expected to reach $483.8 billion by 2022.
Igeahub, a leading pharmaceutical consulting firm, recently released a list of global medical device companies TOP10 in 2018, based on SEC documents, company websites and annual reports.
1, Medtronic
Medtronic is a global leader in medical technology, services and solutions, with revenues of $29.7 billion in 2017. Medunli medical equipment is mainly divided into four business: heart and blood vessel business ($10.498 billion, 3%), minimally invasive treatment business ($9.119 billion, 4%), restorative therapy business ($8.166 billion, 2%) and diabetes industry ($1.927 billion, 3%).
2, DePuy Synthes
DePuy Synthes, a subsidiary of the U.S. pharmaceutical giant Johnson & Johnson, produces a wide range of medical devices. Its total revenue in 2017 was $26.6 billion, up 5.9% from 2016. Major market drivers include surgery ($9.559 billion, 2.8%), plastic surgery ($925,800, -0.8%) and visual care ($463,000). (45.9%).
3, Fresenius
Fresenius is the world's largest medical equipment company in the field of chronic kidney care, providing dialysis products and services to more than 320,000 patients worldwide. The company has become a leader in the global dialysis market, with total revenue of $20.9 billion in 2017, up 7% from the previous year, mainly due to high sales of dialyzers and other dialysis products and the acquisition of Cura Day Hospital in April 2017, which expanded the network to about 40 clinics in Australia.
4, PHILPS healthcare
This is a medical technology subsidiary of PHILPS, a multinational technology company. The company's sales in 2017 were 17.8 billion euros, up 2% from the previous year. Its main businesses include personal health (7.31 billion euros, 3%), diagnostic and therapeutic services (6.891 billion euros, 3%) and interconnected medical and health information (3.163 billion euros, 0%).
5, GE medical treatment
GE Medical, a health care company owned by General Electric, saw strong sales growth in 2017, ensuring its status as the world's fifth largest medical equipment company. The company's sales of $20.4 billion in 2017, up 6% from the previous year, were driven by higher sales in the United States, Europe and emerging markets, particularly China and the Middle East.
6, SIEMENS medical
Siemens Medical is one of the world's largest health technology suppliers, focusing on providing medical technology and software solutions. The company's total revenue in 2017 was $14.2 billion, up 2% from the previous year, largely due to expansion in markets such as Latin America and Asia and further stability in the Chinese market.
7. Kant music
Cardinal Health is a comprehensive multinational health care company that provides medicines and medical, surgical and laboratory products to medical institutions. Kandelia has two main business divisions: pharmaceutical companies (distribute branded drugs, generics, specialties, over-the-counter health care and consumer products) and medical departments (distribute Kandelia branded medical, surgical, laboratory products). The sales volume of the company's medical sector in 2017 was $13 billion 500 million, an increase of 9% over the previous year.
8, Stryker
Stryker is an American-based medical equipment company that specializes in plastic surgery, surgery, neurotechnology and spine surgery. The company achieved strong growth in 2017 and a major milestone in sales of more than $12 billion. 2017 total revenue was $12 billion 400 million, an increase of 9.9% over the previous year.
9, BD medical treatment
BD Medical Headquarters is located in New Jersey, USA. Its business activities include the development, manufacture and sale of various medical supplies, equipment, laboratory equipment and diagnostic products used by medical institutions, life science researchers, clinical laboratories, pharmaceutical industries and the general public. In 2017, BD's total medical revenue was $12.1 billion, down 3.1% from the previous year, mainly due to the divestiture of the respiratory solutions business.
10, Baxter
Baxter is a U.S. -based multinational medical equipment company with a wide range of basic health care products, including but not limited to: acute and chronic dialysis, sterile intravenous solutions, infusion systems and equipment, parenteral nutrition treatment, rest anesthetics, general-purpose injections, surgical hemostasis and sealant production. Goods and so on. The company's total revenue at 2017 was $10 billion 600 million, an increase of 4% over the previous year.
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