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Ranking of the top 100 global medical device companies in 2023

The medical device industry website Medical Design & Outsourcing released the 2022 Top 100 Global Medical Device Companies (2022 Medtech Big 100). Medtronic, Johnson & Johnson, and Siemens Healthineers continue to be the top three in terms of revenue. The companies selected into the top 100 have total annual revenue of approximately US$440.9 billion, employ more than 1.27 million employees, and invest more than US$23.4 billion in annual research and development. The highest ranking company in China is Mindray Medical, ranking 32nd.
Ranking Company Headquarters Fiscal Year Revenue/Number of Employees
1. Medtronic Ireland (operational headquarters in the United States) US$31.686 billion/95,000
2. Johnson & Johnson (medical technology business) United States 27.100 billion US dollars/75000
3. Siemens Healthineers Germany 20.517 billion US dollars/66100
4. Royal Philips Netherlands 20.296 billion US dollars/78189
5. Medline Industries United States 20.20 billion US dollars/30,000
6. GE Healthcare (GE Healthcare) United States 17.725 billion US dollars/48,000
7. Stryker United States 17.108 billion US dollars/46,000
8. Cardinal Health (medical business) United States US$15.900 billion/–
9. Abbott (medical device business) United States $14.367 billion/–
10. Baxter (Baxter) United States 12.784 billion US dollars/60,000
11. Henry Schein United States 12.401 billion US dollars/21,600
12. Boston Scientific (Boston Scientific) United States 11.888 billion US dollars/41,000
13. Owens & Minor (Owens & Minor) United States US$9.785 billion/17300
14. Becton, Dickinson (medical business) United States US$9.479 billion/30,000
15. B. Braun Melsungen Germany 9.275 billion US dollars/66234
16. 3M Co. (3M Co., healthcare business) United States US$9.05 billion/–
17. Alcon Switzerland 8.222 billion US dollars/24389
18. Fujifilm Holdings (Healthcare Business) Japan US$7.299 billion/–
19. Zimmer Biomet USA 6.822 billion US dollars/16800
20. Olympus (Olympus, medical business) Japan 6.711 billion US dollars/21898
21. Terumo Japan US$6.403 billion/28,000
22. Intuitive Surgical (Intuitive Surgical) United States $5.710 billion/9793
23. Hologic United States US$5.632 billion/6350
24. Edwards Lifesciences (Edwards Lifesciences) United States 5.232 billion US dollars/15700
25. Smith & Nephew UK US$5.212 billion/18369
26. Steris UK US$4.585 billion/16,000
27. Fresenius Medical Care (Medical Products) Germany 4.417 billion US dollars/30,000
28. Canon Medical (Canon Medical) Japan US$4.373 billion/—
29. Dentsply Sirona United States 4.251 billion US dollars/15,000
30. BioMerieux France 3.984 billion US dollars/13,000
31. Align Technology United States US$3.953 billion/22540
32. Mindray Medical (Mindray) China US$3.917 billion/14684
33. Hoya (Hoya, nursing business) Japan US$3.710 billion/—
34. Sonova Switzerland US$3.679 billion/16733
35. ResMed (ResMed) United States US$3.578 billion/8000
36. Nipro (medical business) Japan 3.400 billion US dollars/25239
37. Getinge Sweden US$3.153 billion/10,700
38. Coloplast Denmark 2.970 billion US dollars/12578
39. Demant Denmark 2.933 billion US dollars/18116
40. Bio-Rad USA 2.923 billion US dollars/7900
41. Cooper Cos. United States $2.923 billion/12,000
42. Teleflex United States 2.810 billion US dollars/14,000
43. Paul Hartmann Germany 2.716 billion US dollars/10628
44. HU Group Japan US$2.485 billion/—
45. Dexcom (Dexcom) United States 2.449 billion US dollars/6300
46. Drager (medical business) Germany 2.436 billion US dollars/15900
47. Bruker Germany 2.418 billion US dollars/7765
48. Cook Medical (Cook Medical) United States US$2.336 billion/13898
49. Amplifon Italy 2.299 billion US dollars/18600
50. Straumann Switzerland US$2.211 billion/9000
51. ConvaTec United States US$2.038 billion/10025
52. Carl Zeiss Meditec Germany $1.990 billion/3531
53. Nihon Kohden Japan US$1.868 billion/—
54. Elekta Sweden US$1.696 billion/4631
55. Integra Lifesciences (Integra Lifesciences) United States $1.542 billion/3800
56. Enovis (formerly Colfax’s medical technology business) United States $1.426 billion/5000
57. ICU Medical USA US$1.316 billion/8500
58. Masimo USA US$1.239 billion/2200
59. Cochlear Australia US$1.233 billion/—
60. Integer United States 1.221 billion US dollars/9000
61. Omron Healthcare Japan US$1.210 billion/–
62. Fukuda Denshi Japan US$1.203 billion/–
63. Fisher & Paykel Healthcare New Zealand US$1.177 billion/7375
64. NuVasive United States 1.139 billion US dollars/2900
65. Insulet USA 1.098 billion US dollars/2300
66. Merit Medical Systems USA US$1.075 billion/6446
67. LivaNova UK US$1.035 billion/3000
68. Abiomed (Abiomed) United States $1.032 billion/2003
69. ZimVie (formerly Zimmer Biomet’s spine and dental business) United States 1.015 billion US dollars/2700
70. Conmed United States US$1.011 billion/3800
71. Konica Minolta (Medical Business) Japan US$1.001 billion/—
72. Haemonetics USA US$993 million/2821
73. Globus Medical USA US$958 million/2400
74. Invacare United States US$872 million/3000
75. ReSound (GN Hearing) Denmark US$849 million/4553
76. Cordis (spun off from Johnson & Johnson) United States 788 million US dollars/3500
77. MicroPort China US$779 million/8019
78. Avanos Medical (Avanos Medical) USA US$745 million/4555
79. Ossur Ireland US$719 million/3761
80. Asahi Intecc (medical business) Japan US$668 million/—
81. Nikkiso (Medical Business) Japan US$666 million/—
82. Ambu Denmark 614 million US dollars/4500
83. Agfa-Gevaert (radiation business) Belgium US$548 million/2285
84. Novocure Switzerland US$535 million/1167
85. JMS Co. Japan US$530 million/5359
86. Topcon (Topcon, eye care business) Japan US$520 million/—
87. Natus Medical (Natus Medical) United States $473 million/1400
88. Orthofix United States US$464 million/1087
89. Accuray United States 430 million US dollars/900
90. Medacta Switzerland US$428 million/1341
91. Nevro United States $387 million/945
92. iRhythm USA 323 million US dollars/1700
93. Barco (Barco, health care business) Belgium 309 million US dollars/3000
94. Artivion (formerly CryoLife) United States $299 million/1300
95. Glaukos United States $294 million/727
96. Inari Medical USA US$277 million/800
97. AtriCure USA 274 million US dollars/875
98. Alphatec United States $243 million/561
99. Shockwave Medical USA 237 million US dollars/657
100. Cardiovascular Systems United States $236 million/750