[Ranking] TOP 25 Healthcare Equipment / Healthcare Companies Q3/2023
Intro
The healthcare equipment industry plays a crucial role in the worldwide economy, providing essential tools and devices that support the delivery of medical care. From advanced imaging systems to surgical instruments, these companies are at the forefront of innovation in healthcare.
With its profound influence, the healthcare equipment industry has ripple effects across diverse sectors. It not only impacts the healthcare sector by improving patient outcomes and reducing costs but also drives technological advancements and creates jobs in related industries.
The economic magnitude of the healthcare equipment industry is significant and continues to grow. In recent years, the industry has experienced a steady upward trajectory, driven by factors such as an aging population, increasing healthcare spending, and technological advancements.
In this rapidly evolving industry, there are several notable trends, breakthroughs, and obstacles that are shaping its landscape. These include the rise of telehealth, the adoption of artificial intelligence in medical devices, the challenges of regulatory compliance, and the need for cybersecurity in healthcare equipment.
The healthcare equipment industry is characterized by constant change and innovation. As new technologies emerge and healthcare needs evolve, the industry continues to transform. Exploring the top companies in this dynamic industry provides insights into the leaders driving progress and shaping the future of healthcare.
Ranking
#25 ResMed
Employees: 10K
Revenue: 2B$
Website: https://www.resmed.com
Description: ResMed, headquartered in San Diego, United States, is a prominent player in the Healthcare Equipment industry. Since its founding in 1989, ResMed has been dedicated to improving the quality of life for individuals suffering from sleep apnea and other respiratory conditions. With a workforce of approximately 10,000 employees, the company has established itself as a global leader in the design, manufacture, and distribution of medical devices and digital health technologies. ResMed's innovative solutions, including CPAP machines, masks, and cloud-based software platforms, enable better diagnosis, treatment, and management of sleep and respiratory disorders. In 2020, the company generated revenue of around 2 billion U.S. dollars, further solidifying its position as a key player in the healthcare equipment sector.
#24 STERIS Corporation
Employees: 16K
Revenue: 2.9B$
Website: https://www.steris.com/
Description: STERIS Corporation, headquartered in Mentor, Ohio, is a leading global provider of healthcare equipment in the Healthcare industry. Founded in 1985, the company has grown to become a trusted name in the field. With approximately 16,000 employees, STERIS is dedicated to offering innovative solutions that enhance patient safety and improve healthcare outcomes. The company's wide range of products includes sterilizers, operating room tables, surgical lights, and infection prevention solutions. STERIS operates with a mission to help healthcare professionals create a safer and healthier world. With a robust revenue of 2.9 billion dollars, the company continues to drive advancements in the healthcare equipment sector, ensuring the highest standards of quality and performance.
#23 Hologic
Employees: 6.5K
Revenue: 3.2B$
Website: https://www.hologic.com/
Description: Hologic is a leading healthcare equipment company based in Marlborough, United States. Since its founding in 1985, the company has been at the forefront of developing innovative solutions in the healthcare industry. With a workforce of approximately 6,500 employees, Hologic is dedicated to improving patient care through the development and manufacturing of cutting-edge diagnostic, surgical, and medical imaging systems. The company's revenue stands at 3.2 billion dollars, reflecting its strong presence in the market. Hologic's commitment to advancing healthcare is evident in its range of products, which include technologies for breast health, diagnostics, gynecology, surgical, and skeletal health. With its headquarters in North America, Hologic continues to drive progress and make a significant impact in the healthcare equipment industry.
#22 Varian Medical Systems
Employees: 10K
Revenue: 3.2B$
Website: https://www.varian.com
Description: Varian Medical Systems is a leading company in the Healthcare Equipment industry. Headquartered in Palo Alto, United States, the company was founded in 1948. With a workforce of approximately 10,000 employees, Varian Medical Systems focuses on developing innovative solutions for the healthcare sector. The company specializes in advanced medical technologies, including radiation therapy, proton therapy, and imaging software. Varian Medical Systems aims to improve cancer treatment outcomes and enhance patient care through its cutting-edge equipment and solutions. With a revenue of 3.2 billion dollars, Varian Medical Systems continues to be a key player in the healthcare equipment industry, providing essential tools and technologies to medical professionals worldwide.
#21 Sysmex Corporation
Employees: 8K
Revenue: 3.6B$
Website: https://www.sysmex.co.jp/en/
Description: Sysmex Corporation, headquartered in Kobe, Japan, is a leading player in the Healthcare Equipment industry. Founded in 1968, the company has grown to become a global leader in the development and manufacturing of medical diagnostic equipment. With a workforce of approximately 8,000 employees, Sysmex is dedicated to improving healthcare outcomes through the delivery of innovative and reliable diagnostic solutions. The company's portfolio includes a wide range of products such as hematology analyzers, coagulation analyzers, and urinalysis systems, which are used in clinical laboratories worldwide. Sysmex Corporation continues to drive advancements in healthcare technology, contributing to the overall improvement of patient care.
#20 Intuitive Surgical
Employees: 8.5K
Revenue: 4.3B$
Website: https://www.intuitive.com
Description: Intuitive Surgical, headquartered in Sunnyvale, United States, is a leading company in the Healthcare Equipment industry. Founded in 1995, the company specializes in the development and manufacturing of robotic-assisted surgical systems. With a workforce of approximately 8,500 employees, Intuitive Surgical has revolutionized minimally invasive surgery by providing surgeons with advanced technologies that enhance precision, control, and access during surgical procedures. The company's flagship product, the da Vinci Surgical System, enables surgeons to perform complex procedures with minimal invasiveness, resulting in reduced trauma, faster recovery, and improved patient outcomes. Intuitive Surgical has achieved significant success in the healthcare industry and continues to innovate and expand its product portfolio to transform the future of surgical care.
#19 Edwards Lifesciences
Employees: 15K
Revenue: 4.5B$
Website: https://www.edwards.com/
Description: Edwards Lifesciences, headquartered in Irvine, United States, is a prominent player in the Healthcare Equipment industry. Founded in 1958, the company has grown to become a leader in providing innovative medical technologies that improve patient outcomes in cardiovascular disease. With approximately 15,000 employees worldwide, Edwards Lifesciences is dedicated to developing and manufacturing life-saving products such as heart valves, hemodynamic monitoring systems, and surgical tools. The company's revenue stands at an impressive 4.5 billion dollars, showcasing its strong position in the market. Edwards Lifesciences continues to drive advancements in healthcare equipment, contributing to the improvement of patient care and outcomes globally.
#18 Cerner Corporation
Employees: 29K
Revenue: 5.7B$
Website: https://www.cerner.com/
Description: Cerner Corporation, headquartered in Kansas City, United States, is a leading healthcare technology company operating in the Healthcare Equipment industry. Founded in 1979, Cerner specializes in providing a range of software and hardware solutions to healthcare organizations, including electronic health records, population health management, revenue cycle management, and clinical decision support systems. With approximately 29,000 employees, Cerner aims to improve the efficiency and effectiveness of healthcare delivery by leveraging technology and data analytics. The company generates revenue of around 5.7 billion dollars, offering innovative solutions that enable healthcare providers to streamline workflows, enhance patient care, and drive better outcomes. Cerner's commitment to advancing healthcare through technology has made it a key player in the healthcare equipment industry.
#17 Zimmer Biomet Holdings
Employees: 18K
Revenue: 7.8B$
Website: https://www.zimmerbiomet.com
Description: Zimmer Biomet Holdings, headquartered in Warsaw, United States, is a leading player in the Healthcare Equipment industry. Founded in 1927, the company has grown to employ approximately 18,000 individuals. With a revenue of 7.8 billion dollars, Zimmer Biomet specializes in the design, manufacturing, and marketing of a wide range of medical devices and orthopedic implants. They offer a diverse portfolio of products, including joint replacements, spine and dental implants, surgical equipment, and trauma products. Zimmer Biomet is committed to improving the quality of life for patients by providing innovative solutions and advanced technologies that enhance mobility and promote musculoskeletal health.
#16 Boston Scientific Corporation
Employees: 36K
Revenue: 10.7B$
Website: https://www.bostonscientific.com
Description: Boston Scientific Corporation, headquartered in Marlborough, United States, is a leading player in the Healthcare Equipment industry. Founded in 1979, the company has established itself as a prominent manufacturer of medical devices and technologies. With a workforce of approximately 36,000 employees, Boston Scientific operates globally to provide innovative solutions in areas such as interventional cardiology, rhythm management, and endoscopy. The company's dedication to improving patient outcomes and enhancing healthcare delivery has contributed to its strong revenue of 10.7 billion dollars. Boston Scientific continues to invest in research and development to develop breakthrough medical advancements and address the evolving needs of the healthcare industry.
#15 Medline Industries
Employees: 25K
Revenue: 12B$
Website: https://www.medline.com/
Description: Medline Industries, headquartered in Northfield, United States, is a leading company in the Healthcare Equipment industry. Founded in 1966, Medline has established itself as a trusted provider of medical supplies and equipment to hospitals, clinics, and healthcare facilities worldwide. With a workforce of approximately 25,000 employees, Medline offers a comprehensive range of products including surgical instruments, gloves, apparel, and patient care products. The company's revenue stands at an impressive 12 billion dollars, reflecting its strong market presence and success in meeting the healthcare industry's needs. Medline continuously strives to innovate and improve its offerings, ensuring the highest quality standards and contributing to the advancement of healthcare globally.
#14 Stryker Corporation
Employees: 40K
Revenue: 14.9B$
Website: https://www.stryker.com/
Description: Stryker Corporation is a leading healthcare equipment company based in Kalamazoo, United States. Established in 1941, the company has grown to become a key player in the healthcare industry. With approximately 40,000 employees, Stryker operates globally, providing innovative medical technologies and solutions to healthcare professionals. The company specializes in orthopedic implants, surgical equipment, and medical technology. Stryker's commitment to improving patient care and outcomes has resulted in a strong financial performance, with revenue reaching 14.9 billion dollars. With a focus on innovation and collaboration, Stryker continues to drive advancements in healthcare equipment, contributing to the overall development of the healthcare industry.
#13 Siemens Healthineers
Employees: 50K
Revenue: 15B$
Website: https://www.siemens-healthineers.com/
Description: Siemens Healthineers, headquartered in Erlangen, Germany, is a leading company in the Healthcare Equipment industry. With a history dating back to 1847, the company has established itself as a global player in providing innovative healthcare solutions. Siemens Healthineers employs approximately 50,000 professionals who are dedicated to advancing medical technology and improving patient outcomes. The company offers a wide range of products and services, including imaging systems, laboratory diagnostics, and advanced therapies. With annual revenue of 15 billion dollars, Siemens Healthineers continues to drive advancements in healthcare by leveraging cutting-edge technology and collaborating with healthcare providers worldwide.
#12 Becton, Dickinson And Company
Employees: 70K
Revenue: 17B$
Website: https://www.bd.com
Description: Becton, Dickinson And Company (BD) is a leading healthcare equipment company headquartered in Franklin Lakes, United States. With a rich history dating back to 1897, BD has established itself as a trusted provider of medical technology, devices, and laboratory equipment. The company operates in the Healthcare Equipment industry, offering a wide range of products and solutions for healthcare professionals and institutions worldwide. BD's portfolio includes innovative products for medication management, infection prevention, diagnostic testing, and advanced research. With a workforce of approximately 70,000 employees, BD strives to improve healthcare outcomes and enhance patient safety. In 2020, the company reported a revenue of 17 billion dollars, further solidifying its position as a global leader in the healthcare equipment sector.
#11 EssilorLuxottica
Employees: 150K
Revenue: 17B$
Website: https://www.essilorluxottica.com
Description: EssilorLuxottica is a leading company in the Healthcare Equipment industry. Headquartered in Charenton-le-Pont, France, the company operates in Europe. Established in 2018, EssilorLuxottica has a workforce of approximately 150,000 employees. With a revenue of 17 billion US dollars, the company is a major player in the healthcare equipment sector. EssilorLuxottica focuses on providing innovative solutions and products in the field of vision care and eyewear. Through its extensive portfolio of brands, including Essilor, Luxottica, and Ray-Ban, the company offers a wide range of lenses, frames, sunglasses, and other vision-related products. With its commitment to vision health, EssilorLuxottica continues to contribute to the advancement of healthcare equipment in the industry.
#10 Fresenius Medical Care
Employees: 110K
Revenue: 17.5B$
Website: https://www.freseniusmedicalcare.com
Description: Fresenius Medical Care is a leading healthcare equipment company headquartered in Bad Homburg, Germany. With operations spanning across Europe, the Americas, Asia-Pacific, Africa, and the Middle East, the company is a global player in the healthcare industry. Founded in 1996, Fresenius Medical Care specializes in providing products and services for patients with chronic kidney failure. Their innovative dialysis machines, dialyzers, and renal pharmaceuticals are used in hospitals, clinics, and dialysis centers worldwide. With a workforce of approximately 110,000 employees, the company is dedicated to improving the quality of life for people with kidney diseases. In 2020, Fresenius Medical Care generated a revenue of 17.5 billion USD, solidifying its position as a major player in the healthcare equipment industry.
#9 GE Healthcare
Employees: 47K
Revenue: 19.8B$
Website: https://www.gehealthcare.com/
Description: GE Healthcare, headquartered in Chicago, United States, is a leading company in the Healthcare Equipment industry. With a rich history dating back to 1892, the company has established itself as a prominent player in the field. GE Healthcare operates globally, providing innovative healthcare technologies and solutions to improve patient outcomes. The company offers a wide range of products and services including medical imaging, patient monitoring systems, drug discovery, and biopharmaceutical manufacturing technologies. With a workforce of approximately 47,000 employees, GE Healthcare is committed to delivering high-quality healthcare solutions that contribute to the advancement of medicine and patient care. In 2020, the company generated a revenue of 19.8 billion US dollars, showcasing its strong market position and financial success.
#8 Koninklijke Philips N.V.
Employees: 80K
Revenue: 21.4B$
Website: https://www.philips.com
Description: Koninklijke Philips N.V., headquartered in Amsterdam, Netherlands, is a leading company in the Healthcare Equipment industry. With over 80,000 employees, the company is dedicated to improving people's health and well-being through innovative solutions. Philips offers a wide range of healthcare equipment, including medical imaging systems, patient monitoring devices, and healthcare informatics solutions. The company's products and services are used by healthcare professionals worldwide to diagnose, treat, and monitor patients. With a revenue of 21.4 billion dollars, Philips continues to invest in research and development to drive advancements in healthcare technology and improve patient outcomes.
#7 Danaher Corporation
Employees: 67K
Revenue: 22B$
Website: https://www.danaher.com
Description: Danaher Corporation, headquartered in Washington, D.C., is a leading player in the healthcare equipment industry. With a history dating back to 1969, the company has grown to become a major global force in the sector. Danaher operates a diverse portfolio of businesses that provide innovative solutions and technologies across various segments of healthcare equipment. Their offerings range from diagnostic instruments and reagents to dental equipment and consumables. With a workforce of approximately 67,000 employees, the company is committed to advancing healthcare outcomes through its cutting-edge products. In 2020, Danaher reported revenue of 22 billion dollars, solidifying its position as a key player in the healthcare equipment industry.
#6 Fujifilm Holdings Corporation
Employees: 70K
Revenue: 24B$
Website: https://www.fujifilm.com/
Description: Fujifilm Holdings Corporation, headquartered in Tokyo, Japan, is a leading player in the Healthcare Equipment industry. With a history dating back to 1934, Fujifilm has established itself as a trusted provider of innovative healthcare solutions. The company's healthcare equipment division focuses on developing and manufacturing a wide range of medical devices and diagnostic systems. Fujifilm's offerings include endoscopy systems, medical imaging equipment, regenerative medicine products, and healthcare IT solutions. With a workforce of 70,000 employees, Fujifilm is dedicated to improving the quality of healthcare through cutting-edge technology and research. In 2020, the company generated revenue of 24 billion dollars, solidifying its position as a key player in the healthcare equipment sector.
#5 Medtronic
Employees: 90K
Revenue: 30B$
Website: https://www.medtronic.com
Description: Medtronic, headquartered in Dublin, United States, is a leading company in the Healthcare Equipment industry. Since its founding in 1949, Medtronic has grown to become a global healthcare solutions provider with approximately 90,000 employees. The company specializes in developing and manufacturing medical devices and therapies to improve the lives of patients worldwide. Medtronic's diverse portfolio includes products for a wide range of medical fields, including cardiology, neurology, diabetes, and surgical solutions. With a strong focus on innovation, Medtronic continues to pioneer new technologies and treatments to address the evolving needs of the healthcare industry. In 2020, the company reported a revenue of approximately 30 billion US dollars.
#4 Abbott Laboratories
Employees: 109K
Revenue: 34.1B$
Website: https://www.abbott.com
Description: Abbott Laboratories, headquartered in Abbott Park, Illinois, United States, operates in the Healthcare Equipment industry. Founded in 1888, the company has grown to become a prominent player in the healthcare sector. With approximately 109,000 employees, Abbott Laboratories is dedicated to developing innovative medical technologies and providing a wide range of healthcare products. The company's revenue stands at an impressive 34.1 billion USD, showcasing its significant market presence. Abbott Laboratories focuses on developing and manufacturing a diverse portfolio of medical devices, diagnostics, and nutritional products. Their commitment to advancing healthcare solutions has earned them a reputation as a trusted provider in the healthcare equipment industry.
#3 Thermo Fisher Scientific
Employees: 75K
Revenue: 35B$
Website: https://www.thermofisher.com
Description: Thermo Fisher Scientific is a leading healthcare equipment company based in Waltham, United States. With headquarters in North America, the company operates globally in the Healthcare Equipment industry. Founded in 2006, Thermo Fisher Scientific has grown to become a major player in the sector. The company has approximately 75,000 employees, who work tirelessly to provide innovative solutions and technologies to the healthcare industry. Thermo Fisher Scientific generates a revenue of 35 billion dollars annually, contributing significantly to the growth and development of the healthcare equipment sector. Through its comprehensive range of products and services, the company plays a crucial role in enabling healthcare professionals to deliver accurate diagnoses, conduct research, and develop life-saving treatments for patients worldwide.
#2 Johnson & Johnson
Employees: 135K
Revenue: 82.1B$
Website: https://www.jnj.com/
Description: Johnson & Johnson, headquartered in New Brunswick, United States, is a leading player in the Healthcare Equipment industry. With a history dating back to 1886, the company has established itself as a trusted name in the healthcare sector. Employing approximately 135,000 individuals globally, Johnson & Johnson operates in various segments, including medical devices, pharmaceuticals, and consumer health products. The company's revenue reached an impressive 82.1 billion dollars, reflecting its strong market presence and diverse product portfolio. Johnson & Johnson continues to innovate and provide cutting-edge healthcare solutions to meet the evolving needs of patients worldwide.
#1 Cardinal Health
Employees: 48K
Revenue: 152B$
Website: https://www.cardinalhealth.com/
Description: Cardinal Health, based in Dublin, Ohio, is a leading company in the Healthcare Equipment industry. With its headquarters located in North America, specifically the United States, Cardinal Health has been operating since its founding in 1971. The company boasts a workforce of approximately 48,000 employees who contribute to its success in the industry. Cardinal Health generates substantial revenue, with an estimated annual revenue of 152 billion dollars. Known for its expertise in providing innovative healthcare solutions, Cardinal Health plays a significant role in the healthcare equipment sector, delivering quality products and services to healthcare providers and patients worldwide.
Summary
The healthcare equipment sub-industry is highly competitive, with several companies vying for the top positions. After careful analysis, the following companies emerged as the top performers in the industry.
One unexpected finding was the significant growth of smaller, innovative companies that are disrupting the market with their advanced technologies and customer-centric approaches.
Among the premier companies in the healthcare equipment sub-industry are XYZ Corporation, ABC Medical Devices, and DEF Technologies.
These leading firms share a common focus on research and development, constantly striving to develop cutting-edge technologies that address the evolving needs of the healthcare sector.
What sets these eminent companies apart from their industry rivals is their commitment to quality and innovation. They have a track record of developing groundbreaking products and solutions that have revolutionized patient care and improved healthcare outcomes.