Top 5 Medical Device Companies

/ Blogs, January 2023 / By / / biotechnology, bone screws, Cardiology, exploratory surgery, health care, innovation, J+J MedTech, laboratory equipment, medical devices, medical manufacturing, Medical Supplies, Medline Industries, medtech, medtech100, Medtronic, Royal Phillips, Siemens Healthineers, stents, surgical instruments / 2 minutes of reading

While doing your morning scroll on your news apps, have you ever sat back and asked yourself, “what are the biggest medical device companies?” Well, lucky for you! Below is the top 5 ranking list for 2022. 

  1. Medtronic 
    • 2022 Total Revenue: $31.6 billion
    • Employees: 95,000
    • CEO: Geoff Martha 

Medtronic, founded in 1949 headquartered in Dublin, Ireland with its operational headquarters in Fridley Minnesota (US). Medtronic specializes in segments including Diabetes, Cardiac and Vascular, Restorative Therapies, and Minimally Invasive Technologies. 

  1. Johnson & Johnson MedTech
    • 2022 Total Revenue: $ 27.1 billion
    • Employees:75,000
    • CEO: Joaquin Duato 
    • EVP: Ashley McEvoy

Johnson & Johnson MedTech was founded in 1886 with its headquarters in New Brunswick, New Jersey (US). J&J specializes in Orthopedic Devices, Surgical Systems, Tools (Ethicon, Biosurgery, wound closures), Neurovascular, Stroke, and Arrhythmias. 

  1. Siemens Healthineers 
    • 2022 Total Revenue: $ 20.5 billion 
    • Employees: 66,100
    • CEO: Bernd Montag 

Siemens Healthineers was founded in 1847 with its headquarters in Erlangen, Germany. Siemens Healthineers specializes in Imaging( X-Ray), Laboratory Diagnostics, and Advanced Therapies, such as magnetic navigation in Interventional Cardiology. 

  1. Royal Philips
    • 2022 Total Revenue: $ 20.2 billion
    • Employees: 78,189
    • CEO: Frans van Houten 
    • Incoming CEO: Roy Jakobs 

Royal Philips, was founded in 1891 with its headquarters in Amsterdam, Netherlands. Royal Philips specializes in Cardiology, Acute Care, General Care, Home Respiratory Care, Oncology, Radiology, Sleep Apnea Care, and Population Health Management. 

  1. Medline Industries 
    • 2022 Total Revenue: $ 20.2 billion
    • Employees: 30,000
    • CEO: Charles Mills 

Medline Industries was founded in 1966 with its headquarters in Northfield, Illinois (US). Medline provides pharmaceutical care including Prescription Drugs, OTC Products, Vaccines, and an array of Medical Supplies. 

If you are curious beyond the top 5 medical device companies shown above check out the link below which lists Medtech’s Big 100. You might be surprised. 

Medtech’s Big 100 List 

Image:

https://www.orielstat.com/uploads/editorfiles/images/Our%20Customers(1).png

Scroll to Top