Most of the companies on this list have had a rather fair 2012, despite latent regulatory and financial uncertainty in 2011. The medical device subsection of the healthcare industry is the world’s largest, responsible for approximately $240B in sales Y/E 2012 (MPO, July 2013), and $127B Y/E 2013 (ESPICOM, 2014).Due to the slowing market, as well as the President’s Affordable Care Act, device companies are learning to become leaner, more efficient and increasingly innovative in order to compete (MPO, Top 30 Medical Device Companies). Companies are expanding into global markets where growing middle classes require increasing healthcare needs (and budgets). And here is the list of the front-runners.
TOP 30 MEDICAL DEVICE MANUFACTURERS (by FY12 revenue, in billions)
| 1. | Johnson & Johnson | $27.43 |
| 2. | GE Healthcare | $18.29 |
| 3. | Siemens Healthcare | $17.54 |
| 4. | Medtronic | $16.20 |
| 5. | Baxter International | $14.20 |
| 6. | Philips Healthcare | $13.19 |
| 7. | Covidien | $9.85 |
| 8. | Abbott Labs | $9.79 |
| 9. | Cardinal Health | $9.60 |
| 10. | Stryker | $8.66 |
| 11. | Danaher | $8.51 |
| 12. | BD | $7.70 |
| 13. | Boston Scientific | $7.25 |
| 14. | B. Braun | $6.67 |
| 15. | Essilor | $6.59 |
| 16. | St. Jude Medical | $5.50 |
| 17. | Novartis (Alcon) | $5.48 |
| 18. | 3M Healthcare | $5.16 |
| 19. | Zimmer | $4.47 |
| 20. | Terumo | $4.27 |
| 21. | Olympus Medical | $4.24 |
| 22. | Smith & Nephew | $4.14 |
| 23. | Hospira | $4.10 |
| 24. | Toshiba Medical | $3.97 |
| 25. | Getinge Group | $3.72 |
| 26. | CareFusion | $3.60 |
| 27. | Bayer | $3.50 |
| 28. | Fresenius | $3.31 |
| 29. | C.R. Bard | $2.96 |
| 30. | Dentsply | $2.90 |