largest medical device companies by market cap
Dont forget to follow us @INN_LifeScience for real-time news updates! It is a Swiss multinational pharmaceutical company headquartered in Basel, Switzerland. Mega-cap medical device companies have a market cap in excess of $200 billion. [Online]. Some of the best medical products include infusion sets, syringes, blood transfusion sets, and blood bags. Its downturn is primarily due to the lockdowns imposed by governments all over the world that hindered the supply chain in the medical devices manufacturing sector. Show publisher information Are you sure you want to rest your choices? new TradingView.widget( { "width": 980, "height": 410, "symbol": "NYSE:TMO", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_f737d" Healthcare is a huge variety of over 450 different types of medical devices, including MRI scanners, diagnostic ECG devices, and patient monitoring equipment. The company has expertise in designing and manufacturing packaging components, and delivery systems for injectable drugs and health care products. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. Draegerwerk AG is a German company founded in 1889 and has its headquarters in Lubeck, Germany. Instead, consider purchasing exchange-traded funds (ETFs) or index funds that track diversified indexes focused on the healthcare sector. It designs, manufactures, and markets the products and systems that are used in respiratory care, acute care, and the treatment of obstructive sleep apnea. In addition, this company also supports inventory management, data reporting, new product launch support, and administration services to pharmaceuticals. It has a large customer base from several hospitals, fire departments, and diving companies. All Rights Reserved. Click to continue reading and see the 5 largest medical device companies in the world. Please create an employee account to be able to mark statistics as favorites. The company initially started with thermometer production and later expanded into medical device manufacturing. INN breaks down the five top medical device stocks in order of market cap size. Four of the most important of subtypes of stocks in the case of the healthcare sector include: As defensive stocks, healthcare companies provide steady returns in any market. 2 overall position from 2020. Each stock market sector comprises many industries, each with their own nuances, and healthcare is no different. 20th Annual Spine, Orthopedic & Pain Management-Driven ASC Conference, 8th Annual Health IT + Digital Health + RCM Conference, 29th Annual Meeting - The Business & Operations of ASCs, 580+ ASCs with total joint replacements | 2023, State-by state breakdown of 2022's 183 new ASCs, 510 of America's 'Best' ASCs in 2023: Newsweek, Missouri physician pleads guilty to $537K Medicare fraud scheme, States ranked by number of practicing anesthesiologists, 'A snowball effect': Why this trend is making physicians nervous, 3 ASC closures in 1 month: What administrators need to know, Cardiologist pay in the 5 biggest US cities, Pain Consultants of East Tennessee opens new facility with ASC, Cigna to lower reimbursements for certain CRNA procedures, 5 best-paying cities for young anesthesiologists, Skyline Endoscopy Center remaining open amid neighboring Banner ASC closure, Stark Law changes: Physician compensation arrangements to keep an eye on, Physician pay is increasing in these specialties, Pennsylvania physician sentenced to up to 6 years for unlawful opioid prescription, Arkansas physician found guilty of overprescribing 1.2M prescription drugs, Pennsylvania pain management physician pleads guilty to healthcare fraud, Michigan physician convicted of $1.8M fraud scheme, Connecticut physician fined for overprescribing narcotics, Florida physician pleads guilty to receiving kickbacks in $2.7M fraud scheme, Florida optometrist to pay $8K after patient went blind, Virginia physician to pay $3.1M to settle kickback allegations, Advanced practice registered nurse compensation: 7 facts, Patient wins $21M in suit against anesthesiologist, CRNA after brain injury during surgery, Patient died following plastic surgery at ASC where OB-GYN provided anesthesia, The richest US physician has a $17B net worth, Wisconsin physician sentenced for drug crimes, Anesthesiologist accused of tampering with IV bags 'terrified' coworkers, Utah physician charged with performing surgeries without a license, Arizona health system files $10M breach of contract suit against physician group, Top specialty choices for medical students | 2022, Physician pay is decreasing in these specialties, Iowa clinic files for bankruptcy following $97M malpractice judgment, $15M malpractice suit brought against Virginia GI center alleging medical negligence, Ohio physician blocked from federal healthcare programs for 15 years, Physician cuts will create 'immediate financial instability': 4 thoughts on physician pay, Physicians brace for 8.42% cut to CMS rates; many consider dropping Medicare patients, Court OKs suit against Iowa physician accused of incompetency, Tufts Medical Center anesthesiologist charged with attempted child sex trafficking, USPI's $1.2B SurgCenter deal: How one of the industry's biggest acquisitions is unfolding, Physician's license suspended after performing unauthorized cosmetic surgeries at ASC, Georgia physician sentenced for drug trafficking conspiracy, Physician leaders balk at Medicare 4.48% physician fee cut, Florida pain clinic barred from prescribing opioids, other medications, Washington physician suspended indefinitely for inappropriate conduct, The 'looming' disruptor of the ASC industry, Physician's license suspended in 2 states after allegedly using drugs on duty, 8th Annual Becker's Health IT + Digital Health + RCM Annual Meeting. UnitedHealth was founded in 1977, and it has a strong track record of paying shareholders regular dividends. The companys main focus is providing the best womens healthcare all around the world. The company recently launched two important analytical technologies: the SCIEX OS software v3.0 and the RNA 9000 Purity & Integrity kit. new TradingView.widget( { "width": 980, "height": 410, "symbol": "OTC:RHHBY", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_77c46" Philips Healthcare is a subsidiary of Philips, a tech firm based in the Netherlands and headquartered in Amsterdam. The company aims to provide excellent eye care products for cataracts, refractive surgery, and glaucoma. Thanks to a large number of innovative digital solutions introduced to us daily by technology, there have been several advancements in data collection, treatment, research, and medical devices, such as hearing aids, which have had a huge impact on the world of medicine. 10. Copyright 2023 Becker's Healthcare. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). In 2021, Becton, Dickinson and Company (NYSE:BDX) recorded revenues of over $20 billion, which has helped its share price grow slightly in 2022. Incorporated in 1971, Haemonetic Corporation is a global provider of blood and plasma supplies and services. Sales in 2021 based on company reported data. These are the heavy hitters of medtech, the 100 biggest companies in the medical device industry ranked by annual revenue. The post Single-use Medical Device Reprocessing Market Size 2023: Global Share, Industry Trends, Growth, Top Companies, Report 2028 appeared first on Super Market Research. new TradingView.widget( { "width": 980, "height": 410, "symbol": "JNJ", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_c6610" Globally diversified conglomerate Danaher has a number of brands under its corporate umbrella grouped in three distinct divisions: healthcare, diagnostics and environmental and applied end markets. Learn more about how Statista can support your business. } ); Waltham, Mass.-based Thermo Fisher Scientific Inc. manufactures scientific equipment, instruments and software used in medical research and development as well as reagents and consumables. If you would like to customise your choices, click 'Manage privacy settings'. This article will give you a list of medical device companies in 2023 from all across the world and solve your queries about. Hologic is a medical technology company that was founded in 1985 and based in Massachusetts, U.S. Essilor is a French-based company specializing in the . His focus is on breaking down complex financial topics so readers can make informed decisions. Accessed March 18, 2023. https://www.statista.com/statistics/440554/market-capitalization-growth-of-top-medtech-companies-globally/, Evaluate Vantage. SCIEX is also a pioneer in capillary electrophoresis. It is one 14th highest revenue-generating companies in the United States. Profit from the additional features of your individual account. And there are different categories of market cap. Growth in the global medical device industry is tied to the rapid rise of an aging population, increased infectious and chronic diseases, as well as technological advancements in both the field of life science and in emerging technologies such as 3D printing, robotics and the internet of things. $11.63 B: $19.39: 0.36%: Germany: 21: IHH Healthcare Q0F.SI. The top medical device companies are a vital component of the overarching life science industry, as well as a major force in treating many diseases and conditions. This is one of the medical equipment companies that designs, manufactures, and markets the Nucleus Cochlear plants, the hybrid acoustic plants, and the Baha bone conduction implant. These are medical devices for cardiovascular, general surgical equipment, diabetic and neurological accessories. From prevention to diagnosis and healthcare, the companys main aim is to provide better clinical outcomes and services. Also, the company operates through two segments such as bioprocess solutions, lab products & services. The sudden emergence of serious infections such as the novel coronavirus is expected to drive global demand for medical devices. Fresenius Medical Care. Straumann Holding offers a wide range of services and solutions for both conventional treatments and digital workflows. Some of its quality medical devices include respirator humidifiers, breathing circuits, reusable chambers, and breathing circuits. Are you interested in testing our business solutions? Today, Baxter operates as a global diversified healthcare company. UnitedHealth Group is the biggest publicly traded health insurance company in the U.S. by market capitalization. The company is operating in more than 40 countries and has an employee size of more than 12000. At present, the company is operating in more than 140 countries and is also listed on the London Stock Exchanges FTSE 100 index. 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