[Ranking] TOP 25 Biomedical Engineering / Biotechnology Companies Q3/2023
Intro
Biomedical engineering is a crucial sub-industry within the broader field of biotechnology, playing a vital role in advancing healthcare and improving quality of life. This interdisciplinary field combines principles of engineering, biology, and medicine to develop innovative solutions and technologies for diagnosing, treating, and preventing human diseases.
The influence of biomedical engineering extends far beyond the healthcare sector, with its advancements impacting diverse industries such as pharmaceuticals, medical devices, and regenerative medicine. Its ripple effects can be seen in the development of cutting-edge drugs, the creation of advanced prosthetics, and the growth of tissue engineering.
The economic significance of biomedical engineering is undeniable, with the industry experiencing remarkable growth in recent years. According to market research, the global market size for biomedical engineering is projected to reach billions of dollars by the end of this decade, driven by factors such as increasing healthcare expenditure, rising chronic diseases, and technological advancements.
Innovation and breakthroughs are at the heart of the biomedical engineering industry. Recent trends include the application of artificial intelligence and machine learning in medical diagnostics, the development of personalized medicine, and the integration of nanotechnology in drug delivery systems. However, the industry also faces obstacles such as regulatory challenges, ethical considerations, and the need for robust clinical trials to ensure the safety and efficacy of new technologies.
The landscape of biomedical engineering is constantly evolving, fueled by scientific discoveries and emerging technologies. As the industry continues to grow and adapt, it is essential to explore the top companies in this field that are driving innovation, shaping the future of healthcare, and transforming the way we approach medical treatments and interventions.
Ranking
#25 Genomic Health
Employees: 1.6K
Revenue: 500M$
Website: https://www.genomichealth.com
Description: Genomic Health, headquartered in Redwood City, United States, is a leading company in the biotechnology industry, specifically in the field of biomedical engineering. Founded in 2000, the company has grown to employ approximately 1.6K employees. With a revenue of 500M$, Genomic Health focuses on developing and commercializing genomic-based diagnostic tests for cancer patients. Their tests provide information about the likelihood of cancer recurrence, as well as the likelihood of chemotherapy benefit. By leveraging advanced genomic technology, Genomic Health aims to enable personalized treatment decisions, improving patient outcomes and reducing healthcare costs. Through their innovative products and solutions, Genomic Health is making significant contributions to the biotechnology industry.
#24 BioMarin Pharmaceutical
Employees: 2.5K
Revenue: 1.3B$
Website: https://www.biomarin.com
Description: BioMarin Pharmaceutical, headquartered in San Rafael, United States, is a leading biotechnology company operating in the biomedical engineering industry. Founded in 1997, BioMarin focuses on developing and commercializing innovative therapies for rare genetic diseases. With a workforce of approximately 2,500 employees, the company is dedicated to addressing the unmet medical needs of patients with rare diseases. BioMarin's revenue, amounting to 1.3 billion USD, is driven by its portfolio of approved products and ongoing research and development efforts. The company's commitment to advancing the field of biomedical engineering positions it as a key player in the biotechnology industry.
#23 Qiagen
Employees: 5K
Revenue: 1.5B$
Website: https://www.qiagen.com
Description: Qiagen, headquartered in Hilden, Germany, is a leading company in the field of Biomedical Engineering. Founded in 1984, Qiagen has established itself as a key player in the biotechnology industry. With a workforce of approximately 5,000 employees, the company focuses on developing innovative solutions for biomedical research and diagnostics. Qiagen's products and services enable scientists and healthcare professionals to extract, purify, and analyze DNA, RNA, and proteins, facilitating advancements in personalized medicine, genomics, and molecular diagnostics. The company's revenue stands at 1.5 billion USD, reflecting its strong position in the market. Qiagen continues to drive advancements in the biomedical engineering industry, contributing to the development of cutting-edge technologies and solutions that improve human health worldwide.
#22 Bio-Rad Laboratories
Employees: 8.2K
Revenue: 2.2B$
Website: https://www.bio-rad.com
Description: Bio-Rad Laboratories, headquartered in Hercules, United States, is a leading company in the Biomedical Engineering industry. Founded in 1952, Bio-Rad specializes in developing and manufacturing innovative products for the life science research and clinical diagnostics markets. With a workforce of approximately 8.2 thousand employees, the company operates globally to provide a wide range of solutions for researchers, hospitals, and laboratories. Bio-Rad's offerings include instruments, reagents, consumables, software, and services that support various applications such as genomics, proteomics, cell biology, and food safety. The company's commitment to advancing scientific discovery and improving healthcare outcomes has made it a trusted partner in the biotechnology sector. With annual revenues of 2.2 billion dollars, Bio-Rad continues to drive innovation and contribute to the progress of the biomedical engineering field.
#21 Align Technology
Employees: 10K
Revenue: 2.5B$
Website: https://www.aligntech.com
Description: Align Technology is a global medical device company that designs and manufactures the Invisalign system, a clear aligner treatment for dental malocclusions. Headquartered in San Jose, California, Align Technology operates in the biotechnology industry, specifically in the field of biomedical engineering. The company was founded in 1997 and currently employs approximately 10,000 employees worldwide. With annual revenues of 2.5 billion dollars, Align Technology has achieved significant success in providing innovative orthodontic solutions that have revolutionized the dental industry. Through its advanced technology and continuous research, Align Technology aims to improve oral health and transform the way orthodontic treatments are delivered.
#20 Charles River Laboratories
Employees: 17K
Revenue: 2.5B$
Website: https://www.criver.com
Description: Charles River Laboratories, headquartered in Wilmington, United States, is a leading company in the Biomedical Engineering industry. Founded in 1947, the company has grown to employ approximately 17,000 professionals worldwide. With a revenue of 2.5 billion dollars, Charles River Laboratories is a key player in the field of biotechnology. The company specializes in providing research models and services to support the development of new drugs and therapies. Their expertise in biomedical engineering enables them to assist pharmaceutical and biotechnology companies in various stages of drug discovery and development. Charles River Laboratories plays a vital role in advancing healthcare through their innovative solutions and contributions to the biotechnology industry.
#19 IDEXX Laboratories
Employees: 9.4K
Revenue: 2.7B$
Website: https://www.idexx.com/
Description: IDEXX Laboratories, headquartered in Westbrook, United States, is a leading company in the field of Biomedical Engineering within the Biotechnology industry. Founded in 1983, the company has grown to employ approximately 9.4 thousand employees. With a revenue of 2.7 billion dollars, IDEXX Laboratories has established itself as a major player in the industry. The company specializes in developing and manufacturing innovative technologies and solutions for veterinary and animal health diagnostics, water and milk quality testing, and point-of-care diagnostics. IDEXX Laboratories is dedicated to providing accurate and reliable testing systems, enabling veterinarians, researchers, and healthcare professionals to make informed decisions and improve the well-being of animals and humans alike.
#18 ResMed
Employees: 8K
Revenue: 2.9B$
Website: https://www.resmed.com/
Description: ResMed, headquartered in Sydney, Australia, is a leading company in the Biomedical Engineering industry. Established in 1989, ResMed has grown to become a global leader in developing and manufacturing medical devices and digital health technologies for the treatment of sleep apnea, chronic obstructive pulmonary disease (COPD), and other respiratory conditions. With a workforce of approximately 8,000 employees, ResMed is committed to improving the lives of millions of people worldwide through innovative solutions that enhance sleep and respiratory care. The company's revenue in the most recent fiscal year amounted to 2.9 billion USD.
#17 Intuitive Surgical
Employees: 5.5K
Revenue: 3.1B$
Website: https://www.intuitive.com
Description: Intuitive Surgical, headquartered in Sunnyvale, California, is a leading company in the field of biomedical engineering within the biotechnology industry. Founded in 1995, the company has grown to employ approximately 5.5 thousand employees worldwide. With a revenue of 3.1 billion dollars, Intuitive Surgical is a major player in the industry. The company is known for its innovative robotic surgical systems, including the da Vinci Surgical System, which revolutionizes minimally invasive surgery. These robotic systems enable surgeons to perform complex procedures with enhanced precision and control, resulting in improved patient outcomes. With their cutting-edge technology and commitment to advancing the field of biomedical engineering, Intuitive Surgical continues to be at the forefront of the industry.
#16 Hologic
Employees: 6.5K
Revenue: 3.2B$
Website: https://www.hologic.com/
Description: Hologic, headquartered in Marlborough, United States, is a leading company in the field of Biomedical Engineering, specifically in the Biotechnology industry. Established in 1985, Hologic has grown to have a workforce of approximately 6.5 thousand employees. The company generates a revenue of around 3.2 billion US dollars. Hologic focuses on developing and manufacturing innovative solutions for women's health, diagnostics, surgical products, and medical aesthetics. Their products and technologies aim to improve patient outcomes and empower healthcare professionals. With a strong commitment to research and development, Hologic continues to advance the field of biomedical engineering and contribute to the growth of the biotechnology industry.
#15 Varian Medical Systems
Employees: 10K
Revenue: 3.2B$
Website: https://www.varian.com
Description: Varian Medical Systems, headquartered in Palo Alto, United States, is a leading company in the Biomedical Engineering industry. Founded in 1948, Varian has established itself as a key player in the field. With a workforce of approximately 10,000 employees, the company is dedicated to advancing healthcare through innovative solutions. Varian specializes in the development and manufacturing of medical devices and software for the treatment of cancer and other medical conditions. Their cutting-edge technologies and solutions are widely used in radiation therapy, radiosurgery, proton therapy, and brachytherapy. With annual revenue reaching 3.2 billion dollars, Varian continues to push the boundaries of biomedical engineering, improving patient outcomes and contributing to the advancement of medical science.
#14 Illumina
Employees: 7.5K
Revenue: 3.5B$
Website: https://www.illumina.com
Description: Illumina, headquartered in San Diego, United States, is a prominent player in the Biomedical Engineering industry within the larger Biotechnology sector. Since its establishment in 1998, Illumina has become a leader in genetic sequencing and array-based technologies, revolutionizing the field of genomics. With a workforce of approximately 7,500 employees, the company has established itself as a key contributor to advancements in personalized medicine, agriculture, and synthetic biology. Illumina's innovative solutions have enabled researchers and clinicians to gain deeper insights into the human genome, driving breakthroughs in disease research, drug development, and diagnostics. With a revenue of 3.5 billion dollars, Illumina continues to shape the future of genomics and molecular biology through its cutting-edge technologies and commitment to advancing precision medicine.
#13 Edwards Lifesciences
Employees: 14K
Revenue: 3.7B$
Website: https://www.edwards.com/
Description: Edwards Lifesciences is a leading player in the Biomedical Engineering industry. Headquartered in Irvine, United States, the company has been at the forefront of developing innovative medical technologies since its establishment in 1958. With a workforce of around 14,000 employees, Edwards Lifesciences is dedicated to improving patient care through its cutting-edge solutions in the field of cardiovascular disease. The company specializes in developing and manufacturing products such as heart valves, hemodynamic monitoring devices, and surgical tools. Edwards Lifesciences has achieved significant success in the industry, generating an impressive revenue of 3.7 billion dollars. By leveraging its expertise in biotechnology, the company continues to make significant contributions to the advancement of biomedical engineering and the overall well-being of patients worldwide.
#12 PerkinElmer
Employees: 13K
Revenue: 3.8B$
Website: https://www.perkinelmer.com
Description: PerkinElmer, headquartered in Waltham, United States, is a leading player in the Biomedical Engineering industry. Since its founding in 1937, the company has been at the forefront of innovation, providing advanced solutions and services to the biotechnology sector. With a workforce of approximately 13,000 employees, PerkinElmer has established a strong presence in North America and beyond. The company's revenue stands at an impressive 3.8 billion USD, reflecting its significant impact in the market. PerkinElmer's commitment to biomedical engineering is evident in its comprehensive range of products, including laboratory instruments, software, reagents, and consumables. By leveraging cutting-edge technology and scientific expertise, PerkinElmer continues to drive advancements in the biotechnology field, contributing to improved healthcare outcomes and scientific discoveries worldwide.
#11 Grifols
Employees: 24K
Revenue: 4.3B$
Website: https://www.grifols.com
Description: Grifols is a leading biomedical engineering company operating in the biotechnology industry. Headquartered in Los Angeles, United States, Grifols specializes in the development, production, and distribution of plasma-derived medicines. With a rich history dating back to 1940, the company has grown to become a global leader in the field of transfusion medicine, diagnostic systems, and hospital pharmacy products. Grifols employs approximately 24,000 dedicated professionals who are committed to improving patients' lives through innovative healthcare solutions. The company's annual revenue stands at an impressive 4.3 billion US dollars, reflecting its strong market presence and successful business operations.
#10 Agilent Technologies
Employees: 16K
Revenue: 5.2B$
Website: https://www.agilent.com
Description: Agilent Technologies, headquartered in Santa Clara, United States, is a leading player in the Biomedical Engineering industry. Founded in 1999, the company boasts a workforce of approximately 16,000 employees. With annual revenue reaching 5.2 billion dollars, Agilent Technologies has established itself as a major player in the field. The company is dedicated to providing innovative solutions and technologies to the biotechnology sector, specifically in the area of biomedical engineering. Agilent Technologies offers a wide range of products and services, including analytical instruments, genetic testing solutions, and diagnostic tools. With a strong focus on research and development, the company continues to drive advancements in the biotechnology industry, contributing to the improvement of human health and well-being.
#9 Zimmer Biomet Holdings
Employees: 18K
Revenue: 8B$
Website: https://www.zimmerbiomet.com/
Description: Zimmer Biomet Holdings, headquartered in Warsaw, United States, is a prominent player in the field of Biomedical Engineering within the Biotechnology industry. With a history dating back to 1927, the company has established itself as a leading provider of innovative medical solutions. With approximately 18,000 employees, Zimmer Biomet is dedicated to advancing musculoskeletal healthcare through the development of state-of-the-art orthopedic technologies. Their diverse portfolio encompasses a wide range of products, including joint replacements, spine and dental implants, surgical tools, and biologics. Through continuous research and development, Zimmer Biomet strives to improve patient outcomes, enhance surgical techniques, and revolutionize the field of Biomedical Engineering.
#8 Boston Scientific Corporation
Employees: 32K
Revenue: 10B$
Website: https://www.bostonscientific.com
Description: Boston Scientific Corporation, headquartered in Marlborough, United States, is a leading company in the Biomedical Engineering industry. Founded in 1979, the company has grown to employ approximately 32,000 people worldwide. With a revenue of 10 billion dollars, Boston Scientific is known for its innovative medical solutions in the field of Biomedical Engineering. The company specializes in designing, manufacturing, and marketing medical devices used in various medical procedures. Boston Scientific offers a wide range of products including pacemakers, stents, catheters, and imaging systems. Their cutting-edge technologies and commitment to improving patient care have established them as a trusted name in the biotechnology industry.
#7 Stryker Corporation
Employees: 40K
Revenue: 14B$
Website: https://www.stryker.com
Description: Stryker Corporation, based in Kalamazoo, United States, is a leading company in the field of Biomedical Engineering within the Biotechnology industry. Founded in 1941, Stryker has established itself as a global leader in medical technology and devices. With a workforce of approximately 40,000 employees, the company is dedicated to improving healthcare and advancing the practice of medicine through innovative products and solutions. Stryker operates in various segments, including Orthopaedics, MedSurg, Neurotechnology and Spine, offering a wide range of medical devices and equipment. The company's revenue stands at an impressive 14 billion dollars, making it one of the largest players in the biomedical engineering industry.
#6 Becton, Dickinson And Company
Employees: 70K
Revenue: 17B$
Website: https://www.bd.com
Description: Becton, Dickinson and Company (BD) is a leading global medical technology company headquartered in Franklin Lakes, United States. With a history dating back to 1897, BD specializes in the development, manufacture, and sale of a wide range of medical devices, laboratory equipment, and diagnostic products. As a prominent player in the biomedical engineering industry, BD focuses on improving healthcare outcomes by advancing the discovery, diagnostics, and delivery of medical treatments. The company's products and solutions are utilized by healthcare professionals in hospitals, laboratories, clinics, and other healthcare settings worldwide. With a workforce of approximately 70,000 employees, BD generates annual revenue of around 17 billion dollars.
#5 Danaher Corporation
Employees: 67K
Revenue: 20B$
Website: https://www.danaher.com
Description: Danaher Corporation is a leading global player in the Biomedical Engineering industry. With its headquarters in Washington, D.C., United States, the company operates primarily in North America. Founded in 1984, Danaher has established itself as a key player in the field. The company boasts a workforce of 67,000 employees, who contribute to its success in developing and delivering innovative solutions in Biomedical Engineering. Danaher Corporation generates an impressive revenue of 20 billion dollars, solidifying its position as a major player in the industry. Through its subsidiaries and brands, Danaher continues to drive advancements in biotechnology, improving healthcare outcomes and driving innovation in the field of Biomedical Engineering.
#4 Thermo Fisher Scientific
Employees: 75K
Revenue: 25B$
Website: https://www.thermofisher.com
Description: Thermo Fisher Scientific, headquartered in Waltham, United States, is a leading company in the field of Biomedical Engineering. With a global workforce of 75,000 employees, the company operates in the biotechnology industry, specifically in the area of biomedical engineering. Thermo Fisher Scientific specializes in developing and manufacturing a wide range of products and services that support the healthcare and life sciences sectors. They offer solutions for genetic research, drug discovery, diagnostics, and more. The company's revenue stands at an impressive 25 billion dollars, making them a major player in the biotech industry. Thermo Fisher Scientific continues to drive innovation and contribute to advancements in biomedical engineering.
#3 Medtronic
Employees: 100K
Revenue: 30B$
Website: https://www.medtronic.com/
Description: Medtronic, headquartered in Minneapolis, United States, is a prominent player in the field of biomedical engineering within the biotechnology industry. Founded in 1949, the company has grown to employ approximately 100,000 individuals worldwide. With a revenue of around 30 billion dollars, Medtronic stands as one of the leading companies in the industry. The company is dedicated to developing innovative medical technologies that address a wide range of healthcare needs, including devices for cardiac and vascular therapies, diabetes management, surgical technologies, and more. Medtronic's commitment to improving patient outcomes and enhancing quality of life has made it a trusted name in the field of biomedical engineering.
#2 Abbott Laboratories
Employees: 110K
Revenue: 34.6B$
Website: https://www.abbott.com/
Description: Abbott Laboratories is a leading company in the Biomedical Engineering industry. Headquartered in Chicago, United States, Abbott has been at the forefront of innovative healthcare solutions since its founding in 1888. With a workforce of approximately 110,000 employees, Abbott is dedicated to improving people's lives through the development and manufacturing of a wide range of diagnostic products, medical devices, and pharmaceuticals. The company's revenue stands at an impressive 34.6 billion dollars. Abbott's commitment to biotechnology is evident in its continuous research and development efforts, aimed at advancing medical technologies and providing solutions for various health conditions. Through its expertise in biomedical engineering, Abbott Laboratories plays a pivotal role in shaping the future of healthcare.
#1 Johnson & Johnson
Employees: 135K
Revenue: 82B$
Website: https://www.jnj.com/
Description: Johnson & Johnson, headquartered in New Brunswick, United States, is a leading player in the Biomedical Engineering industry. With a history dating back to 1886, the company has established itself as a pioneer in the field. Johnson & Johnson employs approximately 135,000 professionals globally, making it one of the largest employers in the biotechnology sector. The company generates an impressive annual revenue of 82 billion dollars, showcasing its strong presence and financial success in the industry. Johnson & Johnson's commitment to innovation and breakthrough advancements in biomedical engineering has contributed significantly to the development of life-changing medical technologies and treatments that improve the well-being of individuals worldwide.
Summary
Biomedical engineering is a sub-industry of Biotechnology that focuses on the application of engineering principles and techniques to healthcare and medicine. This field has witnessed significant growth in recent years, with several companies leading the way in innovation and advancements.
One of the outstanding findings from the analysis is the increasing collaboration between biomedical engineering companies and other sectors such as pharmaceuticals, medical devices, and healthcare providers. This cross-industry collaboration has led to the development of groundbreaking technologies and solutions.
Among the premier companies in the biomedical engineering sub-industry are Medtronic, Johnson & Johnson, General Electric Healthcare, and Siemens Healthineers. These companies have established themselves as leaders in the field and have made significant contributions to healthcare.
The success of these top companies can be attributed to their strong research and development capabilities, strategic partnerships, and focus on customer needs. They invest heavily in R&D to develop innovative products and solutions that address the challenges faced by the healthcare industry.
What sets these eminent companies apart from their rivals is their ability to combine engineering expertise with a deep understanding of healthcare needs. They have a strong emphasis on user-centered design, ensuring that their products and solutions are user-friendly and meet the specific requirements of healthcare professionals and patients.