In 2017, the total value of the global medical device market was approximately US$521.2 billion, and this amount is expected to reach US$674.5 billion by 2022. In the market segment, the sales of drug delivery equipment in 2017 were US$207.8 billion and are expected to reach US$243.4 billion in 2022; the sales of cardiovascular equipment in 2017 were US$29.7 billion and are expected to reach US$43.5 billion in 2022.
Let's take a look at the current ranking of the world's top ten medical device companies.
1. MedtronicThe total market value of Medtronic is US$29.95 billion. The company reported that global revenue in the fourth quarter of 2018 was US$8.144 billion, an increase of 2.9%. Medtronic's total revenue for the 2018 fiscal year was US$29.95 billion. The company includes the Cardiovascular Department (CVG), Minimally Invasive Therapy Department, Restorative Therapy Department and Diabetes Department.
Omar Ishrak, Chairman and CEO of Medtronic, said in a statement on May 24: “Throughout Medtronic’s fourth quarter results, we will continue to implement a sustainable growth strategy, promote product innovation and global market penetration, while achieving Corporate synergies to expand profit margins and look forward to a stronger performance in the next quarter. He said in a statement on May 24, 2018. We have overcome several major challenges in the first half of this fiscal year, which led to It achieved rapid growth in the second half of the year, leading the organic revenue growth rate of 6.5%. Finally, the revenue and EPS targets established at the beginning of the year were completed."
2. DePuy SynthesDePuy Synthes, a subsidiary of Johnson & Johnson, is involved in the manufacturing of medical devices in the fields of plastic surgery, cardiovascular, diabetes, vision care and surgery, with a total market value of US$26.6 billion. Surgical vision, wound closure, biosurgery, and electrophysiology are the company’s best-selling categories.
On May 14, the company acquired the assets of Medical Enterprises DistribuTIon, a private company that produces surgical impactor technology, including the automatic ME1000 surgical impactor for hip replacement surgery.
3. FreseniusWith a total market value of US$20.7 billion, Fresenius is well-known for its dialysis machines and services for patients with renal failure, but its key business is dialysis services, healthcare products and care coordination.
On June 11, Fresenius and Humacyte signed a $150 million strategic cooperation agreement, which will allow Fresenius to obtain the right to commercialize Humacyl's Humacyl bioengineered vascular technology. Currently, Humacyte is studying how to use this product as a hemodialysis tube for patients who cannot place a fistula.
4. Philips HealthcarePhilips Healthcare is a subsidiary of the technology group Philips, with a total market value of more than US$20.7 billion. On June 5th, Philips announced that it had signed an agreement to purchase EPD SoluTIons, a company focused on image-guided surgery for arrhythmia. The acquisition will complement the company's product line of interventional imaging systems, smart catheters, planning and navigation software, and related services.
5. GE HealthcareThe data shows that GE Healthcare's revenue increased from $18.3 billion in 2016 to $19.1 billion in 2017. The company believes that this growth is attributable to the growth in sales of healthcare systems and imaging products in emerging markets such as Southeast Asia and Latin America, especially the strong support of mammography and CT computer tomography. In addition, GE Healthcare is also preparing to continuously increase its market share by investing heavily in artificial intelligence medical platforms and solutions.
On June 7, GE Healthcare announced that it will provide Xiangxue Pharmaceutical with FlexFactory for cell therapy, which is a semi-automated end-to-end manufacturing platform. This is also the first time that FlexFactory has been applied to cellular immunotherapy drugs based on high affinity and high specificity T cell receptor (TCR).
6. Siemens HealthineersSiemens Healthineers is the medical technology division of German electronics and automation company Siemens, with a total market value of $16.5 billion. The company develops equipment and technologies for many therapeutic areas, including medical imaging and diagnosis.
On June 4, the US FDA approved Biograph Vision, a new positron emission tomography/computed tomography (PET/CT) device of the company.
7. Cardinal HealthAs a multinational health care company, Cardinal Health is usually first regarded as a health care product distributor with a total market value of $13.5 billion. In 2017, the company acquired Medtronic's patient care, deep vein thrombosis and nutritional deficiencies businesses.
On May 3, the company reported that its third quarter revenue was 33.6 billion US dollars, of which the pharmaceutical sector was 29.7 billion US dollars and the medical sector was 3.9 billion US dollars.
8. StrykerOrthopedic giant Stryker mainly manufactures and sells orthopedics, medical and surgical, neurotechnology and spine products and services, with a total market value of approximately 12.4 billion US dollars.
On June 11, US Eastern Time, it was reported that Stryker, a medical device manufacturer, and competitor Boston Scientific had reached a merger agreement. If the transaction is completed, it will create a medical equipment giant with a valuation of more than $110 billion.
However, on June 13, US time, Stryker issued a statement stating that it was not discussing potential acquisitions with Boston Scientific.
9. Becton DickinsonBeckton Dickinson mainly manufactures medical equipment, laboratory instruments and diagnostic products, with a total market value of approximately 12.1 billion US dollars. Its medical department focuses on diabetes care, medication management solutions, medication and procedure solutions, and pharmaceutical systems. Its life science department focuses on biological sciences, diagnostic systems and pre-analytical systems.
On June 4, the company said that it will cooperate with Helmer ScienTIfic to launch the industry’s first medical-grade refrigeration solution. The solution is integrated with an automatic dispensing system, allowing doctors to perform well on high-risk and high-value drugs. Keep refrigerated.
10. BaxterThe American medical device company Baxter has a market value of approximately US$10.6 billion and is headquartered in Illinois. It has a wide range of expertise. It mainly develops innovative drugs, equipment and software, including intravenous (IV) solutions, surgical care, kidney and blood, and oncology learn. As a multinational company, it employs approximately 50,000 employees in more than 100 countries.
The company’s latest news is related to medicines. On May 14, the US FDA provided a dose IQ safety software license to the Spectrum IQ perfusion system. The Spectrum IQ system is designed for the integration of two-way electronic medical records, helping to ensure that the correct medications and fluids are delivered to the patient.
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