HS&M | Top 50 Medical Device Companies – 2019


The medical device sector is seeing the most gains we have ever seen in our report. The sector comprises medical device, medical equipment, capital equipment and medical technology companies. The total income this year across the sector was $413B, up majorly from $329B in 2017. This 20% rise follows the 11% revenue uptick from 2017 – almost double the growth! All but nine of our Top 50 companies experienced a revenue increase from 2017. Thermo Fisher was added to the list in the third position this year as we had missed their equipment arm in our last year’s listing.

Medtronic and Johnson & Johnson remain at the top of the list this year. This was the year of remarkable organic sales growth, and a five-year low for device acquisition activity. The biggest deal of this year was Boston Scientific’s purchase of BTG for $4.2B. Other notable deals include Johnson & Johnson selling its LifeScan business to Platinum Equity for $2.1B, Roche’s acquisition of Flatiron Health for $1.9B, Medtronic’s purchase of Mazor Robotics for $1.6B, and Stryker’s acquisition of K2M ($1.4B)

Here is a snapshot of the Top 50, ranked by 2018 revenue. As always, we have tracked movement up and down the list with regard to both ranking and revenue changes as compared with 2017. Companies are ranked by their 2018 medical revenue as furnished by their annual reports and publicly available sources, Edgar and Morningstar stock information websites (figures of non-U.S. companies were converted to U.S. dollars from various currencies using end of the year exchange rates for 2017 and 2018). Medical device, equipment, and medical technology revenues were extracted from reports to create an equal playing field. We also revised 2018 earnings to align “apples to apples” revenue reporting with 2017 figures.

By HS&M Magazine

Illustration Credit: HS&M


About Peter Coffaro 487 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 25 years of progressive management success within the medical device industry. Recognized by the World Journal of Orthopedics, Exponential Healthtech, and MedReps.com as one of the top medical sales influencers in the industry; he has 10 years of combined sales management experience and has held positions as a Director, General Manager, Distributor, and Vice President. Peter has worked for some of the top orthopedic companies in the world - Zimmer, DePuy, and Stryker. He is also the founder of OrthoFeed: a popular blog that covers digital orthopedic news and emerging medical technologies. Peter is a three-time Hall of Fame award winner at Johnson and Johnson and has an extensive background in organizational development, business development, sales management, digital marketing, and professional education. Peter holds a B.S. degree in Biology and Chemistry from Northern Illinois University.

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