The10 largest medical device companies in the world

Recently, medical design and outsourcing, a foreign authoritative third-party website for medical devices, released the "global top 100 medical devices" and the list of the world's top 10 medical device companies.

Overall, the sales volume of the global top 100 medical device companies in the latest financial year was $420.486 billion. It is worth noting that the ranking of the top 20 medical device enterprises is basically unchanged or slightly increased compared with that in 2019, while the ranking of most of the enterprises after 20 shows a significant decline.

No.10 Danaher

Danaher's sales business is mainly divided into four parts: Life Science, diagnosis, environment and application solutions, and dentistry, in which life science and diagnosis account for a relatively high proportion.

Even without the cowid-19 pandemic, Danaher changed that year. At the end of last year, the company completed the division of its dental business and set up a new company called envista; in March, it completed a $20 billion acquisition of GE's biopharmaceutical business.

No.9 MEDLINE industries

MEDLINE industries boasts of being the largest private medical products manufacturer and distributor. The family business offers more than 550000 medical products and clinical solutions, from surgical gloves to wheelchairs, from masks to thermometers.

Earlier this year, MEDLINE agreed to reprocess tens of thousands of N95 masks and other masks a day in its facilities as the pandemic intensified in covid-19 and began to produce hand sanitizer at an infection prevention product plant in Wisconsin. Even in the recession, MEDLINE industries did not avoid M & A, buying namic fluid management from angiodynamics for $167.5 million and $29million for sensicare and aloe Vesta skincare series from Convatec.

No.8 Stryker
One of the world's largest orthopedic equipment companies is expected to be bigger in next year's top 100. This month, Stryker ended its $4.7 billion acquisition of Wright medical, which sold part of its joint replacement system to DJO to appease antitrust regulators. Because people and their health providers have delayed hip and knee replacements and spinal surgery, Stryker faces a huge challenge due to the cowid-19 pandemic. Although growth picked up in the third quarter of this year, chief executive Kevin Lobo warned that growth was still uneven. Stryker is particularly successful in its popular Mako ortho surgical robot system, with the installation of its 1000th robot system in the third quarter.
 

No.7 Cardinal Health
As hospitals cancelled or delayed selective surgery in order to better focus on coping with the cowid-19 pandemic, like many medical device companies, sales of medical devices by Cardinal Health were hit during the epidemic.

In the fiscal year ending June 30, 2020, sales in the healthcare sector fell 1% to $15.4 billion. The medical technology business of Cardinal Health has actually increased the demand for personal protective equipment (such as masks, gowns and gloves) to protect health workers from coronavirus, but the cost of producing personal protective equipment (PPE) products has also increased significantly and the profit margin of PPE products has been reduced. However, due to cost saving measures, the medical sector achieved 36% profit growth in the following first quarter.

No.6 Siemens Healthcare

In the fiscal year ending September 30, 2020, Siemens Healthcare's sales declined, but company executives expect revenue growth to recover as the world recovers from the cowid-19 pandemic, with revenue growth of 5-8% in the new fiscal year.

No.5 Essilor Luxottica

Essilor Luxottica, the French Italian eyewear giant, announced in September that it would cooperate with Facebook to produce the next generation of smart glasses. The first product will be launched in 2021. Other recent announcements include the listing of stellest in China. Essilor Luxottica describes stellest as a revolutionary new lens for the treatment of myopia in children.

No.4 GE Healthcare

Ge sold its biopharmaceutical business to Danaher in April for about $20 billion. The company recently pointed out that GE Healthcare's profit in the third quarter of 2020 increased by 30% year-on-year (excluding the impact of biopharmaceutical sales). The main reasons for the growth are lower costs, higher productivity and increased capacity of the medical system.

No.3 Philips Medical

In the past decade, Philips healthcare has transformed itself into a healthcare company dedicated to providing technology solutions to make hospital and clinic systems more efficient and effective, and truly change the continuity of healthcare services.
This year, with the cowid-19 influenza pandemic, Philips's demand for patient monitors, ventilators and digital health products in its networked medical business has increased, and Philips's strategy has achieved results this year. In the first nine months of 2020, Philips's revenue grew by more than a fifth.

NO.2 Johnson & Johnson Medical

Sales of J & J's medical device division have fallen this year as a result of the covid-19 pandemic, which caused medical institutions to delay medical procedures to focus on the management of coronavirus. This is a situation that many medical technology companies have to face. In the third quarter, the operation recovery was better than expected. According to Johnson & Johnson, the company has been spending time in the field of general surgical robotics, trying to combine its verb surgery technology, which previously worked with alphabet Life Sciences, with its $3.4 billion acquisition of auris health and its FDA approved monarch platform.

No.1 Medtronic

In his first year in office, Geoff Martha, chief executive of Medtronic, has been pushing for a more flexible and competitive "new Medtronic" plan.
The world's largest medical device company has launched a major restructuring plan, which is expected to save $450 million to $475 million annually by 2023.