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Top 5 Medical Device Companies
The medical device industry is a key and rapidly growing arm of the life sciences industry. Medical device companies produce a wide variety of products such as diagnostics, surgical instruments, and cardiac devices that are widely used in hospitals and other health care facilities. In recent times, many medical device companies have made technological advancements and grown significantly. Despite heavy regulation and financial pressure on the industry, the market continues to increase worldwide. The industry is currently worth $389 billion and according to Kalorama Information; the global medical device market will reach $483.8 billion by 2022.
Esg: Top Three Medical Device Companies Leading The Way
Medtronic is a global leader in medical technology, services and solutions. With total revenue of $29.7 billion in 2017, Medtronic is the top-selling medical device company. Medtronic medical equipment is categorized into the following groups: cardiac and vascular ($10,498 million, 3%); Minimally invasive therapies ($9,919 million, 4%) and diabetes ($1,927 million, 3%).
DePuy Synthes is a subsidiary of Johnson & Johnson. DePuy Sinthes manufactures a variety of medical devices. Its revenue in 2017 was $26.6 billion, an increase of 5.9% compared to 2016. The main drivers of the market are the segments of surgery ($9,559 million, 2.8%), orthopedics ($9,258 million, -0.8% ) and vision care ($4,063 million, 45.9%).
Fresenius Medical Care is the world's largest medical device company specializing in chronic kidney failure. The company provides dialysis products and services and serves the needs of more than 320,000 patients worldwide. With a total revenue of 20.9 billion dollars (17.8 billion euros), the company has taken its place as a leader in the world dialysis market. Fresenius reported a 7% increase in sales in 2017 primarily offset by strong sales of dialyzers and other dialysis products as well as the acquisition of Cura Day Hospitals in April 2017, which expanded in a network of almost 40 outpatient facilities in Australia.
Philips Healthcare is the medical technology subsidiary of Philips, a multinational conglomerate. The company's sales increased to €17.8 billion, representing a nominal growth of 2%, showing a nominal growth of 3% in Personal Health (€7,310 million, 3%) and Diagnostic Treatment (6,891 million, 3% ) businesses. %) and stable year - annual sales in the field of connected care and health information (3,163 million euros, 0%).
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General Electric's healthcare subsidiary delivered a strong performance in 2017 and secured its place as the 5th largest medical device company. Its revenue rose to $20.4 billion, a 6% increase year-over-year. Revenue growth was driven by higher sales volumes in the US and Europe, as well as in emerging markets, particularly China and the Middle East.
Siemens Healthineers is one of the world's largest health technology suppliers. They are focused on medical technology and software solutions. At the end of 2017, Siemens Healthineers reported revenue of €14.2 billion, a modest increase of 2%, largely offset by increased growth in Latin America and Asia, Australia and further strengthening in China.
Cardinal Health is an integrated multinational healthcare company that provides pharmaceutical and medical, surgical and laboratory products to healthcare facilities. Cardinal Health has two primary business segments: Pharmaceuticals - which distributes branded and generic pharmaceuticals, specialty pharmaceuticals and over-the-counter health products and consumer products - and Medical division - which distributes Cardinal Health's medical, surgical and laboratory products - in the United States. States. Medical segment sales increased 9% to a total of $13.5 billion in 2017.
Stryker is an American medical device company specializing in orthopedics, medicine and surgery (MedSurg) and neurotechnology and spine. The company gave a strong performance as it reached an important milestone that surpassed $12 billion in sales. Total revenue in 2017 was $12.4 billion, a balanced increase of 9.9%.
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Headquartered in New Jersey, USA, business activities include the development, manufacture and sale of a wide range of medical supplies, devices, laboratory equipment and diagnostic products used in treatment facilities. healthcare, life science researchers, clinical laboratories, the pharmaceutical industry and the public. In 2017, BD reported a 3.1% ($12.1 billion) year-over-year revenue decline. Sales were affected by sales of respiratory solutions.
Bacter is an American company, with a total revenue of $10.6 billion in 2017. Bacter has a broad portfolio of healthcare products. Its broad product range includes, but is not limited to, acute and chronic dialysis therapies; sterile intravenous (IV) solutions; infusion system and devices; parenteral nutrition therapy; inhalation anesthetics; generic injectable pharmaceutical products; and surgical hemostat and sealing products. Bacter's global net sales were $10.6 billion in 2017, an increase of 4% over 2016 on a reported and constant currency basis.
Luca Dezzani is an employee of Novartis. All views, analysis and opinions are completely independent and solely those of the author. It does not represent the views or opinions of Novartis or any other company or organization. IgeaHub is a pharmaceutical blog created and managed by Luca Dezzani. IgeaHub does not receive any funding or support from Novartis or any other pharmaceutical company. GE and Roche are among the companies best positioned to take advantage of the upcoming environmental, social and governance (ESG) disruption in the medical device industry, our analysis shows.
GlobalData's free APAC Medical Device Industry Study - 2022 analyzes the APAC medical device market by segment and region and includes insights into local and global competitors, product developments in pipeline, clinical trial studies and notable industry deals. The APAC medical device industry has witnessed significant development, launch, implementation and adoption of new medical device technologies over the past decade, despite high device costs, regulatory barriers, pressure of reimbursement and health care budget constraints are challenging the expansion of the market in different territories and segments. APAC is the fastest growing regional market for medical device clinical trials, with China and Japan emerging as major clinical trial hotspots. The growth of medical device clinical trials in the APAC region is due to the increase in research partnerships between biopharma companies and clinical research organizations (CROs). This report also provides an in-depth analysis of the opportunities and challenges in the medical device market, the impact of COVID-19 on the market, and government activities aimed at the development of the medical device market. in APAC.
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The assessment comes from GlobalData's thematic research ecosystem, which ranks companies on a scale of 1 to 5 based on their likelihood of meeting challenges such as ESG and emerging as long-term winners in the medical device sector.
According to our analysis, 3M rounds out the top three companies best positioned to benefit from ESG investing, all scoring 5 out of 5 on GlobalData's Medical Devices Theme Scorecard.
The table below shows how GlobalData analysts rate the largest companies in the medical device industry based on their ESG performance, as well as the number of new ESG deals, deals, patents and deals in the company reports in January 2021.
The last column of the table represents the overall score given to the company in terms of their current ESG position relative to their peers. A score of 5 indicates that the company is a dominant player in this space, while companies without a score of 3 are easily left behind. They can be read quite simply.
Top 10 Best Medical Device Companies In India
Other data in the table are more nuanced, showing recent ESG investments in various areas over the past year. These metrics provide an indication of whether ESG is currently top of mind among executives, but high numbers in these areas are equally likely to represent desperate attempts to tap into the true power of ESG.
For example, a large number of ESG references in a company's quarterly filings may indicate that the company is reaping the benefits of previous investments or needs to invest more to catch up with the rest of the industry. Similarly, a large number of deals may indicate that a company dominates a market or is using mergers and acquisitions to fill gaps in its offering.
This article is based on GlobalData survey data as of January 21, 2022. For more updated data, see the GlobalData website. Johnson & Johnson and Roche are among the companies best positioned to take advantage of the coming disruption of Covid-19 in the medical device industry, our analysis shows.
The assessment comes from GlobalData's thematic research ecosystem, which ranks companies on a scale of one to five based on their likelihood to face challenges like Covid-19 and emerge as long-term winners in the medical sector. device.
Pharma & Healthcare
According to our analysis, Johnson & Johnson, Roche, DekCom, Quest Diagnostics, Thermo Fisher Scientific, Agilent Tech, Kiagen, Illumina and Teleflek are the companies best positioned to benefit from the investment in Covid-19, all results to record five. in five of GlobalData's Medical Devices Topic Tab.
The table below shows how GlobalData analysts ranked the largest companies in the medical device industry based on their Covid-19 performance.
The last column of the table represents the overall score given to the company in terms of their current position on Covid-19 in relation to
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