Top 10 America's Largest Medical Device Companies

18-11-2021 10 16 0 0 Báo lỗi

As countries attempt to combat the Covid-19 pandemic, the world's largest healthcare companies and medical device manufacturers – many of which are American – have received more attention than ever in 2020 due to increased demand for ventilators, face masks, testing kits, and, most recently, vaccines. While there are a variety of factors that can be used to rank these companies, we've decided to use market capitalization - the market value of a company's outstanding shares – to see who is presently dominating the American medical devices industry. If total revenue had been utilized instead, pharma behemoth Allergan would have made the list, and Cardinal Health, which mostly offers healthcare services, would have been the largest medical device maker - not only in the United States, but globally. With that in mind, here are the ten largest medical equipment businesses in the United States, according to market capitalization numbers provided by Greenlight Guru, an American software company.

1 Sơn Trần

Johnson & Johnson

The medical devices division of Johnson & Johnson provides a wide range of products for orthopaedics, surgery, interventional therapies, and eye health. The impact of the Covid-19 epidemic on their surgical, orthopaedics, and vision businesses, as well as the resultant delays in medical operations, resulted in a 12 percent decline in medical equipment internationally. The reduction was somewhat offset by growth in the interventional solutions area, led by electrophysiology devices. In a news statement, Alex Gorsky, Chairman and Chief Executive Officer, said, "We remain very enthused about the immense potential of the end-to-end digital surgical ecosystem." "We're working on three distinct robotic projects at the same time, and our Velys Robotic-Assisted Solution, which is designed for use with the Attune Total Knee System, recently received FDA authorization." Our industry is only now realizing the full potential and benefits of robotic and digital technologies, so it's only logical that the company that pioneered sterile surgery 135 years ago is now in a position to lead the way."


In fact, the Financial Times estimates that J&J was the world's 10th-largest publicly-traded business by market valuation in the first half of the year, despite the fact that it is presently the largest maker of medical equipment globally.

It has a total revenue of about $82 billion, employs 132,200 people, and spent more than $11 billion on research and development in 2019 - the largest of any medical device company in the world.


Founded: January 1886

Headquarters: New Brunswick, New Jersey, USA

Revenue: 19,8 Billion USD

Website: https://www.jnj.com/

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2 Sơn Trần

Abbott

Abbott, a global corporation based in the United States, is one of the top three medical device companies this year. Since its founding more than 130 years ago, Abbott, based in Illinois, has provided medical products and healthcare solutions to more than 160 countries. The company, which has a global workforce of 107,000 employees, is known for pioneering breakthroughs in diagnostics, medical equipment, nutrition, and branded generic drugs. Abbott's medical equipment and diagnostics divisions did well, with year-over-year growth of 13%. Abbott contributed to the early phases of the Covid-19 epidemic by producing and delivering diagnostic tests throughout the world. With the release of a slew of new medical devices, including the next-generation MitraClip repair device and the Tendyne device, which replaces the entire valve for patients who cannot be repaired, as well as the FreeStyle Libre 3 system, the thinnest and most discreet glucose sensor ever, other areas of the company thrived outside of Covid-19. Abbott seeks to address not just the medical problem that their products solve, but also the issue of future supply and pricing. Abbott's overall sales just surpassed $30 billion, and the company today employs 103,000 people and works in 160 countries across the world.


Founded: 1888
Headquarters: Chicago, Illinois
Revenue: 34,61 Billion USD
Website: https://www.abbott.com/

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3 Sơn Trần

Medtronic

Medtronic may have relocated its headquarters to Dublin, Ireland in 2015 for tax reasons, but it has been headquartered in Minnesota for more than 60 years and still derives the majority of its sales through the US healthcare system.

Medtronic, which employs roughly 90,000 people in 150 countries, is at the forefront of medical technology. Despite the fact that Medtronic's sales fell 4% in 2020, the results were in line with the impact of postponed treatments across the medical device industry as a result of the pandemic. Medtronic's pipeline continues to drive therapeutic innovation, despite a number of recent approvals and delayed product introductions.


Despite Covid-19, the world's tiniest pacemakers for bradyarrhythmia control, Micra VR and Micra AV, were launched in the United States and functioned well. In order to retain its industry-leading pipeline of creative ideas, the company will continue to invest in innovation in the future. They've also completed a number of acquisitions, including Digital Surgery, Medicrea, and Companion Medical, all of which will help them accelerate their growth in the future.

Its total revenue in 2020 is expected to be around $30.5 billion, and it employs over 100,000 people worldwide.


Founded: 1949

Headquarters: Dublin, Ireland

Revenue: 30,12 Billion USD

Website: https://europe.medtronic.com/xd-en/index.html

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4 Sơn Trần

Baxter

Baxter International, situated in Illinois, has a total sales of $11.1 billion and employs 50,000 people worldwide. Baxter's premier range of critical care, nutrition, renal, hospital, and surgical products is relied on by millions of patients and caregivers every day. They've been at the important crossroads where innovations that save and maintain lives meet the healthcare practitioners who make it happen for almost 85 years. Baxter's workers throughout the world are building on the company's long history of medical discoveries to develop the next generation of revolutionary healthcare advances, with products, technologies, and therapies accessible in more than 100 countries.


Its medical equipment products are grouped into four categories: critical care, hospital care, surgical care, and renal care. Its current flagship products include the Amia dialysis machine and the Spectrum IQ infusion pump, which are used to treat end-stage renal disease patients at home.

During the worldwide swine flu pandemic in 2009, Baxter was one of just a few firms to get EU approval for an H1N1 influenza vaccine candidate.


Founded: 1931

Headquarters: Deerfield, Illinois, United States
Revenue: 11.67 billion USD
Website: https://www.baxter.com/
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5 Sơn Trần

Danaher

Danaher is a worldwide scientific and technology innovation dedicated to assisting our clients in overcoming challenging issues and improving global quality of life. Our operating firms across four key platforms: Life Sciences, Diagnostics, Water Quality, and Product Identification, constitute a worldwide network of more than 25 operating companies that generate real innovation in some of today's most dynamic sectors. The Danaher Business System (DBS), a collection of tools that promotes continuous improvement in lean, growth, and leadership, lies at the heart of our success. We help realize life's potential in ourselves and those we serve through the ingenuity of our people, the power of DBS, and the impact of our meaningful technologies.


Danaher joins NASA, the World Bank, the US Navy, and a number of other federal agencies in having their headquarters in the District of Columbia, which is home to the American capital of Washington, D.C.

Danaher began as a real estate investment trust half a century ago, before refocusing as a manufacturing company in 1984. The company now manufactures a variety of products for the life sciences and diagnostics industries.
In 2020, the company's total sales is expected to reach about $20 billion, and it employs 71,000 people in more than 60 countries.


Founded: 1969

Headquarters: Washington, D.C., United States
Revenue: 22.23 billion USD
Website: https://www.danaher.com/
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6 Sơn Trần

General Electric

General Electric, a US industrial behemoth with a total sales of more than $95 billion and nearly 200,000 employees worldwide, operates in the medical device market through its Illinois-based subsidiary GE Healthcare.


GE takes up the task of creating a world that works. GE has been inventing the future of the industry for more than 125 years, and today its devoted staff, cutting-edge technology, and worldwide reach and capabilities help the world work more effectively, reliably, and safely. GE's workforce is varied and committed, working to achieve GE's goals and deliver for its customers with the utmost integrity and dedication.


Medical imaging and patient monitoring equipment, as well as ventilators, diagnostics, and medication administration systems, are all manufactured by GE Healthcare. In March, during the start of the Covid-19 outbreak, the business partnered up with Ford to use the design of an FDA-cleared third-party ventilator, allowing Ford to ramp up manufacturing of these critical care equipment faster.


Founded: April 15, 1892

Headquarters: Boston, Massachusetts, United States
Revenue: 75.62 billion USD

Website: https://www.ge.com/

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7 Sơn Trần

3M Company

3M Company, which began as a mining company about 120 years ago, arguably made its first big step into the healthcare industry in the 1950s when it manufactured the first asthma inhaler.


3M also produced the first N95 respirator mask, which obtained FDA certification in 1972 and earned significant attention during the Covid-19 epidemic. Scotch tape is one of the most well-known products of any sort produced by the Minnesota-based corporation, which is today the single largest global manufacturer of sterile packaging for use in the medical industry.

3M now has total revenues of $32.8 billion, employs over 93,000 people, and spent just under $2 billion on research and development in 2019.


Founded: 1902

Headquarters: Saint Paul, Minnesota, United States

Revenue: 32.184 billion USD

Website: http://www.3M.com/careers

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8 Sơn Trần

Stryker Corp

Stryker is an American multinational medical technology company. Stryker, which employs 43,000 people globally, focuses on developing breakthrough orthopaedic, medical and surgical solutions, neurotechnology, and spinal care products that benefit patients' conditions and hospital results.


Stryker bought Wright Medical Group, a medical device business specializing in extremities and biologics, in late 2020. In the future, the purchase has significantly strengthened the company's position in trauma and extremities, presenting considerable prospects to promote innovation and serve a larger number of patients.


Founded: February 20, 1941
Headquarters: Kalamazoo, Michigan, USA
Revenue: 1.03 Billion USD
Website: https://www.stryker.com/us/en/index.html
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9 Sơn Trần

Becton Dickinson

BD is one of the world's major medical technology businesses, revolutionizing the field of medicine by increasing medical discoveries, diagnostics, and care delivery. By producing breakthrough technology, services, and solutions that help enhance both clinical therapy for patients and clinical procedure for health care practitioners, the firm helps the heroes on the frontlines of health care. BD and its 65,000 employees are passionate about improving patient outcomes, increasing the safety and efficiency of clinicians' care delivery processes, allowing laboratory scientists to better diagnose disease, and advancing researchers' capabilities to develop the next generation of diagnostics and therapeutics. BD is present in nearly every country and collaborates with organizations all across the world to solve some of the world's most pressing health challenges. BD can assist improve outcomes, cut costs, promote efficiency, improve safety, and extend access to health care by working closely with customers. C. R. Bard and its products were welcomed into the BD family in 2017.


Founded: 1897
Headquarters: Franklin Lakes, New Jersey, USA

Revenue: 17,12 Billion USD
Website: https://www.bd.com/en-uk

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10 Sơn Trần

Intuitive Surgical

Intuitive Surgical (Nasdaq: ISRG), based in Sunnyvale, Calif., is a global leader in minimally invasive treatment and the inventor of robotic-assisted surgery. We think that minimally invasive care is life-enhancing care at Intuitive. We are extending the ability of physicians to heal without limitations via innovation and clever technology.

Intuitive Surgical develops, manufactures, and distributes the da Vinci surgical system and the Ion endoluminal system, and has more than two decades of experience in robotic-assisted surgical technology and solutions.


Unlike the bulk of the firms on our list, although offering a wide range of healthcare-related goods, Intuitive Surgical is primarily recognized for one very specialized medical technique. Its Da Vinci robotic surgical system, which can be operated by a surgeon through a console, has been used in over six million minimally invasive procedures to date, including prostatectomies, heart valve repairs, and gynecologic procedures such as hysterectomies, according to the firm. Intuitive Surgical now has a total revenue of almost $3 billion, due in large part to this technology, which has made it the market leader in robot-assisted surgery. It also has a workforce of around 5,500 workers.


Headquarters: Sunnyvale, California, United States

Founded: 1995
Revenue: 4.358 billion USD
Website: https://www.intuitive.com/en-us
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