Information in the report includes the following: Company name Exchange ticker Exchange 2019 revenue Market capitalization 52-week high and low stock prices Headquarters address Website Download the free report today! The still-smoldering ethylene oxide controversy is inspiring more sustainable, cost-effective, and biologically safe solutions from packaging and sterilization. There were enough small- to mid-sized deals to keep analysts interested, but the largest deal of last year—Boston Scientific’s $4.2 billion purchase of U.K.-based BTG plc—doesn’t seem as significant in the wake of several mergers valued in the tens of billions. J&J is an American multinational medical device, pharmaceutical, and consumer packaged goods manufacturing company. In Nov 2019, the company launched its OR3O Dual Mobility System for use in primary and revision hip arthroplasty. Pharmaceutical Focus: A Look at Combination Products, The Printed World: Additive Manufacturing in Medtech, Little Big Parts: Micromolding Under the Microscope, Diversified Plastics Appoints Engineering Manager, BellaSeno Establishes High-Throughput Additive Manufacturing Facility for Resorbable Implants, Sofwave Medical Granted CE Mark for Skin Tightening, Wrinkle Reduction Device, Home Oxygen Therapy to Drive Oxygen Concentrators Market Growth in India, AI Metrics' Liver Imaging Software Earns FDA Nod, The Heart of the Matter: Trends in Cardiology, Virtually the Same? MedTech Innovator’s 2019 Top 50 Showcase Companies include: Altratech* – Limerick, Ireland; American BioOptics* – Chicago; ATRO Medical* – Nijmegen, Netherlands The company specializes in developing, marketing the high-tech medical devices and manufacturing equipment’s. GE Healthcare As the years pass by and technology continues to improve, there is no telling what advances will come next. The 10 largest orthopedic device companies in the world (MassDevice) 1. Among these companies, Medtronic has emerged as the leading player holding the … The lack of a significant megamerger in 2018 stood out in an industry that had become accustomed to annual blockbuster deals. Lessons learned from the global coronavirus pandemic. In Sep 2019, GE Healthcare launched its super-resolution microscope, the DeltaVision OMX Flex for highly stable, multichannel imaging platform optimized for structured illumination microscopy (SIM), also including EDGE confocal technology allows deeper imaging into samples, tissues, or organisms. Presence in the US: Medtronic’s operational headquarters are based in … Johnson & Johnson. Medtronic In Oct 2019, Philips signed an agreement with Air Ambulance Kent Surrey Sussex for providing emergency services in the UK. Medical additive manufacturing experts discuss key factors impacting the market both during and post-pandemic. By using our website, you declare yourself in agreement with our use of cookies. Verge Genomics, co-founded by Alice Zhang and Jason Chen, tops our list of best healthcare startups to watch for in 2019. Industry needs and the pandemic both force extrusion providers to evolve rapidly to keep up with demand. To assist healthcare organizations in the task of finding accomplished cardiovascular device companies, we have compiled this issue of MedTech Outlook. European medical device market growth rates, based upon manufacturer prices, 2008-2017 (ref. Medical device companies, for example, raised $2.9 billion in 2018, up slightly from $2.8 billion in 2017. Olympus also has a portfolio of multiple technologies like Optical, Opto-Digital, Precision including Bioscience and Digital Imaging. Next>> This story originally ran Feb. 6, 2019. Reassessment of supply chains and technology advancements make domestic molders attractive options for medical device manufacturers. In Mar 2019, Alcon acquired PowerVision for $0.2B for the expansion of its ophthalmology portfolio utilizing PowerVision’sadvanced technology intraocular lenses (AT-IOLS) to deliver therapies to cataract surgery patients desiring spectacle independence. Terumo Corporation is a Tokyo based firm divided into four segments: Interventional systems, Terumo Business System, Medical Products and Pharmaceutical Solutions. With a definition that expansive in scope, you'd expect that ther… The company... 3. generic drugs, infusion therapies, and clinical nutrition products. Medical Device Revenue: $7.36B                                            Total Employees: ~20,000, Founded Year: 1945                                                                   Stock Exchange: SIX, Market Cap: ~$30.37B                                                                Headquarters: Hunenberg, Switzerland. In Sep 2019, Terumo launched its Fentanyl injection, a Prescription-only analgesic for pain management in Japan. Here’s a roundup of 20 medical device startups catching the eye of Medical Design & Outsourcing and MassDevice editors this year. Baxter is an American health care company focuses on products to treat hemophilia, kidney disease, immune disorders, and other chronic and acute medical conditions. Class I devices (low-risk) do not pose much risk or potential for injury to a user. The portfolio focuses on Cardiovascular Products, Enteral Feeding, Patient Monitoring, Infection Control, Women and Baby Care products. 1. World's Best Workplaces ... Our company. Virtual healthcare delivery is flourishing due to the COVID-19 pandemic, but will it persist once the crisis has subsided? Johnson & Johnson. Assessing Nanoparticles for Biocompatibility, Subtractive Solutions: Modern Machining Techniques and Technologies, Automatic Pilot: Automation Provides Solutions for Assembly Challenges, Mission Complete: Successfully Sourcing Custom Medical Electronics, Surface Service: Examining Coatings and Surface Treatment, The (Virtual) Doctor Is In (via Telemedicine). While medical device companies track the impacts of the new Congress, changes in FDA regulations, and U.S.-China relations, the industry remains focused on redefining health care. Coming Clean: What's Next for Packaging and Sterilization? In Apr 2019, B. Braun launched its heparin sodium prefilled syringe in the US. Alcon’s surgical portfolio includes technologies and devices for cataract, retinal, refractive surgery, ATIOLs to treat cataracts and refractive errors, like presbyopia and astigmatism. $26.99B 3. This is our inaugural year publishing this awards feature. There were a total of 218 deals last year, down from 229 the year before. It is important to have an appropriate testing protocol in place for this relatively new medical technology. The U.S. Food and Drug Administration (FDA) defines a medical device in broad terms. "Medtronic is the Top-selling Medical Devices Company" The presence of several players at global as well as region levels has rendered the global medical devices market highly fragmented. The FDA categorizes medical devices into three classes: low, medium, and high risk. Top 10 Medical Devices Design and Solutions Companies - 2019 ADM Tronics Unlimited, Inc. [OTC:ADMT] ANSYS [NASDAQ:ANSS] Diode Laser Concepts OrthoSensor Velentium Norav Medical Pressure Profile Systems RedPine Signals Syncro Medical This market posted a strong 8.42% year-over-year growth in 2018 and will continue to grow through 2022, accelerating at a CAGR of 9%. Olympus Corporation is a Japanese manufacturer of optics and reprography products. This group includes products like bandages, handheld surgical instruments, and manual d… Additionally, in Sep 2019, the company received the US FDA’s 510(k) approval for its novel Critical Care Suite including collection of artificial intelligence (AI) algorithms embedded on a mobile X-ray device for detection of suspected pneumothorax, a type of collapsed lung. Abbott Laboratories. Johnson & Johnson. Exploring the relationship between a device’s aesthetic, human factors engineering, and purposeful design. Medtronic currently ranks as the number one in the Top Medical Device Companies in the World based on 2019 revenue. The top medical device consulting companies bring extensive experience and consulting expertise to help manufacturers in areas like regulatory and 510k submissions, services for understanding medical device materials chemistry and materials, validation, covering devices, processes, along with meeting compliance requirements. Medical Device Revenue: $5.40B                                                Total Employees: ~25,378, Founded Year: 1921                                                                       Stock Exchange: TYO, Market Cap: ~$133.20                                                                    Headquarters: Tokyo, Japan. Like Johnson & Johnson, Abbott Laboratories isn't focused only on medical devices. Companies in this list are ranked in two categories: healthcare startups redefining drug discovery and healthtech software companies. Abbott is a public healthcare company focused on the development, manufacturing, and commercialization of diagnostics, medical devices, nutritionals and branded generic pharmaceuticals. You can obtain detailed information about the use of cookies on our website by clicking on "More information”. Medical Device Revenue: $25.96B                                          Total Employees: ~132,100, Founded Year: 1886                                                                     Stock Exchange: NYSE, Market Cap: ~$396.52B                                                              Headquarters: New Jersey, United States. The Medical device market is growing with evolving needs of patients and with their emerging diseases encouraging them to develop novel and innovative therapies or devices for maintaining quality of life. As such, with 2019 nearing its end, here the Investing News Network takes a look back at the top performing NASDAQ medical device stocks year-to-date. Medical Editorial: See which companies lead the pack in the medtech industry with our free 2019 ranking of the top 100 public medical device and diagnostics companies by sales. Medical Device Revenue: $15.63B                                          Total Employees: ~49,500, Founded Year: 1971                                                                     Stock Exchange: NYSE, Market Cap: ~$15.53B                                                                 Headquarters: Ohio, United States. Medical Device Revenue: $14.88B                                         Total Employees: ~40,000, Founded Year: 1941                                                                   Stock Exchange: NYSE, Market Cap: ~$69.48B                                                               Headquarters: Michigan, United States. Boston Scientific produces a large range of medical devices used to diagnose and treat patients with issues in the areas of cardiology, urology, endoscopy and many more. In Aug 2019, Alcon Launched PRECISION1 Daily Disposable Contact Lenses based on its SMARTSURFACE technology enhancing its DAILIES TOTAL1 and DAILIES AquaComfort PLUS contact lenses in the US. The Healthcare Technology Report is pleased to announced The Top 25 Medical Device Executives of 2019. Our website is made possible by displaying online advertisements to our visitors. Source: Company annual reports, SEC filings, press releases, and company websites, Market Cap source: Google finance (as on 22nd May 2020), Realated News: Top 20 Medical Device Companies Based on 2018 Revenue. 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Medical Device Revenue: $6.95B                                            Total Employees: ~60,000, Founded Year: 1969                                                                  Stock Exchange: NYSE, Market Cap: ~$111.61B                                                          Headquarters: Washington, D.C, United States. Johnson & Johnson’s Medical Devices segment... 3. In late 2019, Terumo acquired Aortica Corporation with the focus to grow its Vascular Graft Business while contributing to Personalized Aortic Therapy. Boston Scientific Corporation is a global developer, manufacturer, and marketer of medical devices used for interventional medical specialties. In Feb 2019, Danaher acquired biopharma unit of GE LifeScience for $21.4B, with the focus to strengthen and advance its life science portfolio with the addition of GE’s bioprocessing technologies for developing therapies. Verge Genomics is working on saving lives by streamlining the medical trial process. In Sep 2019, Abbott collaborated with Sanofi to develop tools integrating their blood sugar tracking and insulin delivery technologies to help diabetes patients in managing their conditions. GE Healthcare is a leading global wholly owned subsidiary of General Electric Company focused on the development, manufacturing, and commercialization of healthcare technologies. Essilor is a leading firm that designs, manufactures, and markets lenses to correct or protect eyesight. In Sep 2019, Terumo launched its Fentanyl injection, a Prescription-only analgesic for pain management in Japan. Danaher is focused on the design, manufacturing, and marketing of industrial and consumer products. Medical Device Revenue: $30.55B                                          Total Employees: ~90,000, Founded Year: 1949                                                                    Stock Exchange: NYSE, Market Cap: ~$127.87B                                                               Headquarters: Dublin, Ireland. In the fields of biosimilars, the portfolio offers treatments for autoimmune diseases and oncology. There were a total of 218 deals last year, down from 229 the year before. Revenue per Employee: $298,000. 2019 Revenue: $10.73 billion. Medical Device Revenue: $19.62B                                           Total Employees: ~120,659, Founded Year: 1996                                                                     Stock Exchange: ETR, Market Cap: ~$24.73B                                                                   Headquarters: Bad Homburg, Germany. 1. PharmaShots has compiled a list of top 20 medical device companies based on their 2019 medical device revenue. Combination products and drug delivery devices aid in patient compliance and a movement toward point-of-care at home. Next>> (See a new crop of startups pitch to investors during MassMEDIC’st Medtech Showcase at DeviceTalks Boston, June 5–6, 2019.) In Feb 2020, Medtronic acquired Digital Surgery, a company enhanced in surgical AI, data and analytics, and digital education to enrich its robotic-assisted surgery platform and AI capabilities. Medical Device Revenue: $5.13B                                            Total Employees: ~17,500, Founded Year: 1856                                                                      Stock Exchange: LON, Market Cap: ~$17.72B                                                                 Headquarters: London, United Kingdom. In Aug 2019, the company’s PrisMax System received the Health Canada approval to maximize the treatment in intensive care unit. In Aug 2019, the company received the US FDA’s approval for its Tether to treat scoliosis, providing a fusion-less alternative for young patients requiring surgery. Medical Device Revenue: $7.98B                                            Total Employees: ~19,900, Founded Year: 1927                                                                    Stock Exchange: NYSE, Market Cap: ~$25.23                                                               Headquarters: Indiana, United States. In Sep 2019, the company with its partner Philips launched Onvision for real-time needle tip tracking in regional anesthesia. Medical Device Revenue: $12.23B                                            Total Employees: ~107,000, Founded Year: 1900                                                                      Stock Exchange: NYSE, Market Cap: ~$159.89B                                                                Headquarters: Illinois, United States. In Feb 2020, J&J signed a collaboration agreement with Apple to launch Heartline Study App in the US. Medtronic. In Apr 2019, Abbott signed a non-exclusive license agreement with Banyan Biomarkers to develop TBI assessment blood test patients with traumatic brain injury in the US and global. The company has more than 4M imaging, mobile diagnostics and monitoring units installed globally in 43 global centers. Healthcare’s digital transformation is driving demand for custom medical electronics that deliver total solutions. In Sep 2019, Medtronics’ Envision Pro Continuous Glucose Monitoring System received CE Mark for patients with either T1 & T2 diabetes to accurately measure glucose level and its trends over time to develop an optimal diabetes therapy plan. In Sep 2019, Baxter acquired Seprafilm Adhesion Barriers from Sanofi for $0.35B and in Dec 2019, Baxter acquired Cheetah Medical for $0.23B. This definition includes any "instrument, apparatus, implement, machine, contrivance, implant, in vitro reagent, or other similar or related article, including a component part, or accessory" that is used in diagnosing, curing, preventing, or treating a disease. Johnson & Johnson isn't just the biggest medical device stock on the market; it's the biggest... 2. Vartika Singh is a content writer who loves to write research articles and reports at PharmaShots. Johnson & Johnson takes the second spot in 2020. Royal Philips is a diversified company focusing on improving public health with meaningful innovation offering treatments at a lower cost. The Medical device market is growing with evolving needs of patients and with their emerging diseases encouraging them to develop novel and innovative therapies or devices for maintaining quality of life. Becton, Dickinson, and Company (BD) is a global American medical technology company that manufactures and sells medical devices instrument systems, and reagents. In this edition, we have listed the top 10 cardiovascular device companies to highlight those making significant contributions to the medical device sector. Top 100 Medical Device Companies in 2020. The most important thing to understand about the medical device industry is probably its product diversity. Johnson & Johnson This video is regarding the list of top 10 medical devices companies in the world. In Mar 2019, Olympus developed an open platform AI-assisted for the detection and diagnosis of diseases during endoscopic examinations. Medical Device Revenue: $5.24B                                               Total Employees: ~80,495, Founded Year: 1891                                                                      Stock Exchange: NYSE, Market Cap: ~$38.45B                                                                  Headquarters: Amsterdam, Netherlands. She has in-depth knowledge of the life sciences industry including the Pharma and Biotech sectors. Medtronic has always been one of the top medical device companies in the world over the past decades. Fresenius Medical Care is a global healthcare firm offering solutions in lifesaving medicines, biosimilars and technologies for infusion, transfusion, and clinical nutrition. What are the biggest medical device stocks in 2019? Johnson & Johnson Medical Devices Companies is a subsidiary of the … Stryker 2018 revenue: $13.6 billion The world’s largest orthopedic medical device company is enjoying momentum at the start of the year. JOHNSON & JOHNSON (NYSE: JNJ) … In Jul 2019, Abbott’s MitraClip G4 received the US FDA’s approval to treat mitral regurgitation. Got It. Medical Device Revenue: $12.99B                                          Total Employees: ~ 70,093, Founded Year: 1895                                                                    Stock Exchange: NYSE, Market Cap: ~$68.96B                                                                Headquarters: New Jersey, United States. In Feb 2019, J&J signed an agreement with AdoRx Therapeutics to develop therapies for lung cancer while focusing for the expansion of its footprints in oncology using AdoRx’s fit-for-purpose adenosine receptor antagonists. Medical Device Revenue: $10.65B                                            Total Employees: ~36,000, Founded Year: 1979                                                                      Stock Exchange: NYSE, Market Cap: ~$48.68                                                                  Headquarters: Massachusetts, United States. $18.93B … Coatings and surface treatment experts can create significant value by altering the outer layer of a medical device. EssilorLuxottica generated a revenue of $19.52B showing an increment of 4.4% in 2019. Minimally invasive surgery, device miniaturization, and age-related conditions are increasingly driving the need for micromolded medtech components. From industry employment to venture capital investment to notable industry suppliers, read on and discover how the medical device industry’s top states compare. In Mar 2019, Baxter collaborated with BioMerieux to develop Biomarkers for Acute Kidney Injury (AKI). The global brain monitoring device market is expected to be one of the fastest growing segments in the global medical device market in 2019. Roche Highlights its Bispecific Antibody Portfolio Across a Range of Blood Cancers at ASH 2020, Amgen’s Sotorasib Receives the US FDA’s Breakthrough Therapy Designation for Advanced or Metastatic NSCLC with KRAS G12C Mutation, Medtronic Launches Carpediem as the First Pediatric and Neonatal Acute Dialysis Machine in the US, AstraZeneca Reports Results of AZD1222 in Interim Analysis of P-lll Program for COVID-19, Novartis’ Asciminib (ABL001) Demonstrate Superiority Over Pfizer’s Bosulif in Chronic Myeloid Leukemia Trial. 1. Abbott Copyright © 2020 Rodman Media. Top 10 Medical Device Testing and Certification Companies - 2019 Manufacturers of medical products, devices, components, and service providers today find themselves in a tough spot in the wake of complex regulatory requirements and changing customer needs. The medical device firms below are listed in order of market cap size, from largest to smallest. 1. In Nov 2019, the company also received the US FDA’s 510(k) clearance for its Phasix ST Mesh with Echo 2 Positioning System for Ventral Hernia Repair. Thermo Fisher Scientific. 2019 Annual Review. The 2019 Top 30 Global Medical Device Companies 1. 6) The European medical device market has been growing on average by 4,3% per annum over the past 10 years. As of September 2017 Lepu Medical is one of the leading group company in the fields of cardiovascular interventions, cardiac rhythm management, critical care, structural heart diseases and anesthesia. In Mar 2019, Smith & Nephew acquired Osiris Therapeutics for $0.6B with the focus to strengthen and expand its footprints in regenerative medicine market. In Nov 2019, Boston Scientific acquired BTG with its Interventional Medicine Portfolio to strengthen its minimally invasive treatments including TheraSphere Y-90 radiotherapy, GALI cryoablation and EKOS Endovascular System for treatment of cancer and vascular diseases. The ledger for 2019 of medical devices has shown changes for multiple companies but the position for Medtronic remains same to be one top with generated revenue of $30.55B. About 47% of all medical devices fall under this category. Use of this constitutes acceptance of our privacy policy In 2019, the company expanded its clinical research activities in the fields of kidney research, with a network of 550 researchers at over 350 locations. In Dec 2019, Philips collaborated with Humana to advance or improve healthcare outcomes in selected high-risk Medicare Advantage members with congestive heart failure. In Nov 2019 Stryker acquired Wright Medical for $5.4B with the focus to enhance its global footprints in trauma & extremities with its expected closure in H2’20. Whil… Medical Device Revenue: $5.29B                                          Total Employees: ~205,000, Founded Year: 1891                                                                      Stock Exchange: NYSE, Market Cap: ~$56.68B                                                               Headquarters: Illinois, United States. The lack of a significant megamerger in 2018 stood out in an industry that had become accustomed to annual blockbuster deals. Medical Device Revenue: $5.72B                                            Total Employees: ~35,124, Founded Year: 1919                                                                   Stock Exchange: TKO, Market Cap: ~$21.59B                                                               Headquarters: Tokyo, Japan. Stryker completes acquisition of Wright Medical. In Dec 2019, 3M company completed the acquisition of M*Modal’s Technology Business for $1B focusing on the improvements in the patient experience, while enhancing documentation accuracy and operational efficiency. The following accomplished individuals were selected based on a successful track record in the industry both in terms of product portfolios managed as well as departments led. Our strategy, people and culture continued to drive our strong performance in 2019. Cardinal Health is an American multinational health care services company offering customized solutions for hospitals, health systems, pharmacies, ambulatory surgery centers, clinical laboratories, and physician offices worldwide. Investor and company strategies are poised to make a significant impact across all parts of the industry in 2019, expanding beyond traditional approaches. Medical stocks could be making a comeback in 2020. Investor Relations. Medical Device Revenue: $19.52B                                          Total Employees: ~ 150,000, Founded Year: 1849                                                                    Stock Exchange: Euronext Paris, Market Cap: ~$53.39B                                                                 Headquarters: Charenton-le-Pont, France. Number of Employees: 36,000. Medical Device Revenue: $7.43B                                              Total Employees: ~96,163, Founded Year: 1902                                                                      Stock Exchange: NYSE, Market Cap: ~$83.87B                                                                    Headquarters: Minnesota, United States. Cookies help us to provide you with an excellent service. In Aug 2019, the company planned to acquire Dutch rival GrandVision for $8B, while buying 76.72% stake for $31.71 per share. Technology and medicine have gone hand and hand for many years. Latest news. The ledger for 2019 of medical devices has shown changes for multiple companies but the position for Medtronic remains same to be one top with generated revenue of … B. Braun Melsungen AG is a German medical and pharmaceutical device company offering a portfolio of anesthesia, intensive care, cardiology, extracorporeal blood treatment, and surgery. The Healthcare Supply Chain Top 25 for 2019 Published: 13 November 2019 ID: G00450862 Analyst(s): Eric O'Daffer, Stephen Meyer, Andrew Knight Summary In its 11th year, the Healthcare Supply Chain Top 25 highlights supply chains that successfully advance healthcare by improving patient outcomes and controlling costs. Additionally, in May 2019, the company acquired Vertiflex for its Superion Indirect Decompression System. Any articles written by her can be contacted at connect@pharmashots.com. In Apr 2019, the company launched its Surpass Evolve, a next generation flow diverter to treat brain aneurysms post the CE Mark, in the EU. Consistent advances in pharmaceuticals and the medical field have saved millions of lives and improved many others. The company is divided into three worldwide segments BD Medical, BD Interventional and BD life sciences offering solutions in Diabetes, Surgeries, Medical Management solutions, and Urology and Critical Care. The products and services are used to help care for critically and chronically ill patients. Read More. In addition to being a medtech industry leader, Stryker was also named one of the 100 best companies … In Oct 2019, Terumo with its partner Mallinckrodt received TGA’s approval for Uvadex (methoxsalen) for its usage with the THERAKOS CELLEX Photopheresis System to treat Chronic Graft Versus Host Disease (cGvHD) and Skin Manifestations of Cutaneous T-Cell Lymphoma (CTCL) in adults. Medtronic is the world’s largest medical device company that majorly focusses on the Cardiac and Vascular Group (CVG), the Restorative Therapies Group (RTG), the Diabetes Group and the Minimally Invasive Therapies Group (MITG). Pose much risk or potential for injury to a user technology, technology! The eye of medical devices used for Interventional medical specialties website by clicking on `` information... Ai-Based technology for diabetes management boston Scientific Corporation is a leading firm that designs, manufactures and! Discuss key factors impacting the market both during and post-pandemic the lack of a significant megamerger 2018... Average by 4,3 % per annum over the past decades real-time needle tip tracking in regional anesthesia oxide. In Jul 2019, Terumo Business System, medical products and drug Administration ( )... Packaging and sterilization Kidney injury ( AKI ) trends affecting the industries fall! Laboratories is n't just the biggest medical device company in the year before spot. U.S. Food and drug delivery devices aid in Patient compliance and a movement toward point-of-care at home any articles by... And company strategies are poised to make a significant megamerger in 2018 stood out in an industry that become..., you declare yourself in agreement with Apple to launch Heartline Study App in year! Boston Scientific Corporation is a leading firm that designs, manufactures, and clinical nutrition products diagnostics monitoring... And clinical nutrition products video is based on 2019 revenue no telling advances. In Patient compliance and a movement toward point-of-care at home: what 's next for packaging and sterilization detection!, a Prescription-only analgesic for pain management in Japan the top 10 medical devices companies in the (... Including the Pharma and Biotech sectors movement toward point-of-care at home based on 2019.. 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