[WORLDKINGS] World Tops Academy – Top 5 largest medical device companies in the world 2020


(WorldKings.org) According to Bizvibe, this is top 5 largest medical device companies in the world 2020 by revenue.




Medtronic is currently the world’s largest medical device manufacturer. Its headquarters are in Dublin, Ireland. The company offers wide range of medical equipment and devices, mainly including patient care and monitoring devices; general surgical equipment; and medical devices for cardiovascular, diabetic, and neurological applications. Medtronic operates in 140 countries and employs over 86,000 people. In 2019, its annual revenue totalled $30.6 billion – the highest among the world’s top 5 largest medical device companies.

2. Johnson & Johnson



Johnson & Johnson is a multinational healthcare and consumer products company headquartered in New Brunswick, US. Some of the company’s key business segments include medical device, pharmaceutical, and consumer goods. Johnson & Johnson has over 132,200 employees and is operating through over 250 subsidiary companies in 60 countries and sells products in 175 countries around the world. Its medical device segment generated over $26 billion revenue in 2019, making it one of the largest medical device companies in the world.

3. GE Healthcare



Operating as a subsidiary of General Electric, GE Healthcare is one of the world’s largest manufacturers and suppliers for medical imaging devices, diagnostics, and patient monitoring equipment, pharmaceuticals, performance solution services, and bio-pharmaceutical manufacturing technologies. GE Healthcare has over 54,000 employees and operates in over 70 countries around the world.

4. Abbott Laboratories



Abbott Laboratories is an American health care and medical equipment company headquartered in Abbot Park, Ilinois. The company is operating through several key divisions, including Abbott Diabetes Care, Abbott Diagnostics Division, Abbott Molecular Diagnostics, Abbott Nutrition International, Abbott Point-of-care, Abbott Vascular Division, and Established Pharmaceuticals Division. In 2019, Abbott Laboratories’ medical device business generated over $20 billion revenue.

5. Philips



Philips is a world’s leading medical device and health technology company. It used to be one of the largest electronics companies in the world, currently focused in the area of health technology, where it generates nearly 45% of the group’s revenue. Philips Healthcare offers over 450 different types of medical devices with major products being MRI scanners, diagnostic ECG devices, and patient monitoring equipment. As of late 2019, Philips has over 74,000 employees and operates across 100 countries around the world.

According to bizvibe.com

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