[Ranking] TOP 25 Healthcare Supplies / Healthcare Companies Q3/2023
Intro
The healthcare supplies industry plays a critical role in the worldwide economy, providing essential products and equipment to healthcare professionals and facilities. From protective gear and medical devices to pharmaceuticals and laboratory supplies, this industry ensures that healthcare systems can function effectively and deliver quality care to patients.
The influence of the healthcare supplies industry extends far beyond the healthcare sector itself. Its ripple effects are felt across diverse sectors, including manufacturing, logistics, and technology. The demand for innovative and reliable healthcare supplies drives advancements in manufacturing processes, supply chain management, and digital solutions, creating opportunities for collaboration and growth in related industries.
With the global healthcare market experiencing significant growth, the healthcare supplies industry is poised for continued expansion. Factors such as population growth, aging demographics, and the increasing prevalence of chronic diseases contribute to the economic magnitude of this sector. According to market research, the healthcare supplies market is projected to reach a value of $XXX billion by XXXX, reflecting a steady upward trajectory.
Recent trends and breakthroughs in healthcare have influenced the healthcare supplies industry and shaped its direction. The COVID-19 pandemic, for example, highlighted the importance of adequate supplies of personal protective equipment (PPE) and medical devices. This crisis prompted increased investment in research and development, leading to the development of new and innovative healthcare supplies. However, the industry also faces obstacles, such as supply chain disruptions, regulatory challenges, and pricing pressures, which require constant adaptation and innovation.
The healthcare supplies industry is characterized by an ever-changing landscape, driven by advancements in technology, evolving healthcare needs, and regulatory changes. This dynamic environment sets the context for the exploration of the leading companies in the industry, which are at the forefront of innovation and play a vital role in shaping the future of healthcare supplies.
Ranking
#25 Masimo
Employees: 4.5K
Revenue: 1.2B$
Website: https://www.masimo.com
Description: Masimo, headquartered in Irvine, United States, is a leading healthcare supplies company operating in the Healthcare industry. Founded in 1989, the company has a workforce of approximately 4.5 thousand employees. With an annual revenue of 1.2 billion dollars, Masimo is dedicated to improving patient outcomes and reducing the cost of care through innovative noninvasive monitoring technologies. Their products include a wide range of medical devices and sensors that provide real-time data on parameters such as oxygen levels, pulse rate, and hemoglobin levels. Masimo's advanced monitoring solutions are utilized by healthcare professionals worldwide to enhance patient safety and improve clinical decision-making.
#24 Beckman Coulter
Employees: 12K
Revenue: 2.5B$
Website: https://www.beckmancoulter.com
Description: Beckman Coulter, headquartered in Brea, United States, is a leading company in the Healthcare Supplies industry. With a rich history dating back to 1935, the company has established itself as a trusted provider of innovative solutions for healthcare professionals. Beckman Coulter employs approximately 12,000 employees globally, who are dedicated to delivering high-quality products and services. The company generates an impressive annual revenue of 2.5 billion dollars, showcasing its strong market presence. Beckman Coulter's commitment to advancing healthcare is evident through its wide range of cutting-edge diagnostic and laboratory equipment, reagents, and supplies. Through its comprehensive offerings, the company plays a vital role in improving patient care and outcomes in the healthcare industry.
#23 Align Technology
Employees: 20K
Revenue: 2.5B$
Website: https://www.aligntech.com
Description: Align Technology, headquartered in San Jose, United States, is a leading company in the Healthcare Supplies industry. Founded in 1997, the company has a workforce of approximately 20,000 employees. With a revenue of 2.5 billion dollars, Align Technology is a major player in the field. The company focuses on providing innovative solutions in the dental industry, specifically in the development and manufacturing of clear aligners. Their flagship product, Invisalign, revolutionized orthodontics by offering a more comfortable and aesthetically pleasing alternative to traditional braces. Align Technology's commitment to technological advancements and patient-centric solutions has made them a trusted name in the healthcare supplies industry.
#22 ResMed
Employees: 8K
Revenue: 2.6B$
Website: https://www.resmed.com/
Description: ResMed, headquartered in San Diego, United States, is a prominent player in the Healthcare Supplies industry. Founded in 1989, the company has established itself as a leading provider of medical equipment for the treatment of sleep apnea and other respiratory conditions. With approximately 8,000 employees worldwide, ResMed operates in more than 140 countries, catering to the needs of patients and healthcare professionals globally. The company's innovative products, including continuous positive airway pressure (CPAP) devices, masks, and ventilators, help improve the quality of life for millions of individuals suffering from sleep disorders. ResMed's commitment to research and development, along with its focus on digital health solutions, positions it at the forefront of the industry, driving advancements in sleep and respiratory care.
#21 Varian Medical Systems
Employees: 10K
Revenue: 3B$
Website: https://www.varian.com/
Description: Varian Medical Systems, headquartered in Palo Alto, United States, is a leading company in the Healthcare Supplies industry. Founded in 1948, Varian Medical Systems has grown to become a key player in the healthcare sector. With approximately 10,000 employees, the company is committed to providing innovative solutions and technologies that improve cancer treatment outcomes. Varian Medical Systems generates an annual revenue of 3 billion dollars, demonstrating its strong market presence. Through its cutting-edge medical devices, software, and services, Varian Medical Systems continues to revolutionize cancer care and support healthcare professionals in delivering high-quality patient treatment and care.
#20 Hologic
Employees: 6.5K
Revenue: 3.2B$
Website: https://www.hologic.com
Description: Hologic is a prominent player in the Healthcare Supplies industry, specializing in the development and manufacturing of innovative medical technologies. Headquartered in Marlborough, United States, Hologic has been operating since 1985. With a workforce of approximately 6,500 employees, the company is committed to improving patient care and healthcare outcomes through its diverse portfolio of products. Hologic's revenue stands at an impressive 3.2 billion dollars, showcasing its significant presence in the market. The company's offerings span various areas within the Healthcare Supplies industry, including diagnostics, imaging systems, surgical products, and molecular diagnostics. Hologic's commitment to research and development drives its continuous innovation and enables it to deliver cutting-edge solutions that address the evolving needs of healthcare providers and patients worldwide.
#19 Intuitive Surgical
Employees: 5K
Revenue: 3.5B$
Website: https://www.intuitivesurgical.com
Description: Intuitive Surgical is a leading company in the Healthcare Supplies industry. Headquartered in Sunnyvale, United States, the company was founded in 1995. With a workforce of approximately 5,000 employees, Intuitive Surgical specializes in providing advanced robotic-assisted technologies and systems for minimally invasive surgery. Their flagship product, the da Vinci Surgical System, enables surgeons to perform complex procedures with enhanced precision, control, and visualization. The company's innovative solutions have revolutionized the field of surgery and have been adopted worldwide. Intuitive Surgical has achieved significant financial success, generating revenue of 3.5 billion dollars. Their commitment to improving patient outcomes and advancing surgical techniques has established them as a key player in the healthcare industry.
#18 STERIS
Employees: 12K
Revenue: 3.5B$
Website: https://www.steris.com/
Description: STERIS is a prominent player in the Healthcare Supplies industry, operating primarily in North America. Headquartered in Mentor, United States, the company was founded in 1985. With a workforce of approximately 12,000 employees, STERIS focuses on providing high-quality healthcare supplies to the industry. The company has achieved substantial revenue growth, reaching 3.5 billion dollars. STERIS is known for its innovative and reliable products that contribute to the enhancement of healthcare services. They offer a wide range of supplies, including surgical equipment, infection prevention products, and sterilization solutions. With a strong commitment to quality and customer satisfaction, STERIS continues to be a leading player in the Healthcare Supplies industry.
#17 Edwards Lifesciences
Employees: 15K
Revenue: 3.7B$
Website: https://www.edwards.com/
Description: Edwards Lifesciences, headquartered in Irvine, United States, is a leading player in the Healthcare Supplies industry. Since its founding in 1958, the company has focused on developing innovative medical technologies to improve patient outcomes. With a workforce of approximately 15,000 employees, Edwards Lifesciences is dedicated to providing life-saving solutions in the healthcare sector. The company's annual revenue stands at 3.7 billion dollars, reflecting its significant market presence. Edwards Lifesciences is committed to advancing medical research and revolutionizing the field of healthcare supplies through its cutting-edge products and technologies.
#16 Cerner Corporation
Employees: 29K
Revenue: 5.7B$
Website: https://www.cerner.com/
Description: Cerner Corporation, headquartered in Kansas City, United States, is a prominent player in the Healthcare Supplies industry. Founded in 1979, the company has grown to employ approximately 29,000 individuals globally. With a revenue of 5.7 billion dollars, Cerner Corporation provides innovative healthcare technology solutions that improve the delivery of care and enhance operational efficiency. Their comprehensive suite of software, hardware, and services caters to healthcare organizations, ranging from hospitals and clinics to pharmaceutical companies. Cerner Corporation is dedicated to transforming the healthcare industry by leveraging cutting-edge technology and data analytics to drive better patient outcomes and enable healthcare providers to make informed decisions.
#15 Quest Diagnostics
Employees: 50K
Revenue: 7B$
Website: https://www.questdiagnostics.com
Description: Quest Diagnostics, headquartered in Secaucus, United States, is a leading company in the Healthcare - Healthcare Supplies industry. Since its founding in 1967, the company has grown to employ approximately 50,000 people. With an annual revenue of around 7 billion dollars, Quest Diagnostics operates as a provider of diagnostics testing, information, and services to patients and healthcare professionals. The company offers a broad range of services including routine and specialized testing, clinical trials, drug testing, and more. Quest Diagnostics plays a crucial role in the healthcare industry, contributing to the diagnosis and treatment of various medical conditions by delivering accurate and timely results to healthcare providers and patients.
#14 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 Supplies industry. Founded in 1927, the company has grown to become a major contributor in the healthcare sector. With approximately 18,000 employees, Zimmer Biomet focuses on providing innovative medical solutions to improve patients' lives. The company generates a substantial revenue of 7.8 billion dollars, positioning itself as a key player in the market. Through their website, Zimmer Biomet showcases their commitment to advancing the field of healthcare by offering a wide range of medical products and services. With a rich history and a strong presence in North America, Zimmer Biomet continues to play a pivotal role in the healthcare supplies industry.
#13 Owens & Minor
Employees: 17K
Revenue: 9.2B$
Website: https://www.owens-minor.com/
Description: Owens & Minor, headquartered in Richmond, United States, is a leading player in the Healthcare Supplies industry. Founded in 1882, the company has established itself as a trusted provider of medical and surgical supplies, as well as distribution and logistics services to healthcare providers and manufacturers. With a workforce of around 17,000 employees, Owens & Minor operates across North America, serving hospitals, healthcare systems, and clinics. The company generates an impressive revenue of 9.2 billion dollars, fueling its growth and expansion in the industry. Owens & Minor is committed to delivering innovative solutions and maintaining strong partnerships with its customers to support the efficient and effective delivery of healthcare services.
#12 Boston Scientific Corporation
Employees: 32K
Revenue: 10.7B$
Website: https://www.bostonscientific.com
Description: Boston Scientific Corporation, headquartered in Marlborough, United States, is a leading company in the Healthcare Supplies industry. Founded in 1979, the company has established itself as a prominent player in the field. With over 32,000 employees, Boston Scientific Corporation operates globally, providing innovative medical solutions and supplies. The company focuses on developing and manufacturing a wide range of healthcare products, including medical devices, equipment, and supplies. Boston Scientific Corporation has achieved significant success and growth, generating an impressive revenue of 10.7 billion dollars. With its commitment to improving patient outcomes and advancing healthcare technologies, Boston Scientific Corporation continues to be a major contributor in the Healthcare Supplies industry.
#11 Baxter International
Employees: 50K
Revenue: 12B$
Website: https://www.baxter.com/
Description: Baxter International, headquartered in Deerfield, United States, is a leading company in the Healthcare Supplies industry. Since its founding in 1931, Baxter has been dedicated to providing innovative and life-saving products and services to healthcare professionals and patients worldwide. With a workforce of approximately 50,000 employees, Baxter operates globally, serving customers in more than 100 countries. The company's extensive product portfolio includes critical care therapies, renal care solutions, medication delivery systems, and surgical products. Baxter's revenue reached 12 billion dollars, solidifying its position as a major player in the healthcare industry. Through its commitment to advancing healthcare, Baxter continues to make a significant impact on patient care and improve outcomes.
#10 LabCorp
Employees: 70K
Revenue: 14.7B$
Website: https://www.labcorp.com
Description: LabCorp, headquartered in Burlington, United States, is a major player in the Healthcare Supplies industry. With a rich history dating back to 1978, the company has established itself as a prominent provider of healthcare solutions. LabCorp operates a vast network of laboratories and diagnostic testing services, catering to the needs of healthcare providers and patients worldwide. They offer an extensive range of medical testing services, including clinical laboratory testing, drug development, and genomic testing. With a workforce of approximately 70,000 employees, LabCorp is dedicated to delivering high-quality diagnostics and supporting healthcare professionals in providing accurate diagnoses and effective treatment options. The company's annual revenue stands at an impressive 14.7 billion dollars, solidifying its position as a leading player in the healthcare supplies industry.
#9 Stryker Corporation
Employees: 40K
Revenue: 14.9B$
Website: https://www.stryker.com/
Description: Stryker Corporation, headquartered in Kalamazoo, United States, is a leading player in the Healthcare Supplies industry. Since its establishment in 1941, Stryker has been dedicated to providing innovative medical technologies and solutions to healthcare professionals worldwide. With a workforce of around 40,000 employees, the company focuses on delivering high-quality products, including surgical equipment, orthopedic implants, and medical devices. Stryker's revenue reached an impressive 14.9 billion dollars, reflecting its strong market presence and customer trust. Committed to improving patient care, the company continually invests in research and development to introduce advanced healthcare solutions that enhance surgical procedures, patient recovery, and overall healthcare outcomes.
#8 Becton, Dickinson And Company
Employees: 70K
Revenue: 17.3B$
Website: https://www.bd.com
Description: Becton, Dickinson And Company (BD) is a leading healthcare supplies company headquartered in Franklin Lakes, United States. With a history dating back to 1897, BD has established itself as a trusted provider of medical devices, laboratory equipment, and diagnostic products. The company operates in the Healthcare Supplies industry, catering to the needs of healthcare professionals worldwide. BD's extensive product portfolio includes syringes, needles, infusion sets, blood collection devices, molecular diagnostics, and more. With a workforce of 70,000 employees, BD is dedicated to advancing healthcare by providing innovative solutions that improve patient outcomes and enable efficient healthcare delivery. In 2020, the company reported revenues of 17.3 billion dollars, further solidifying its position as a key player in the healthcare industry.
#7 Fresenius Medical Care
Employees: 120K
Revenue: 17.6B$
Website: https://www.freseniusmedicalcare.com
Description: Fresenius Medical Care is a global leader in the Healthcare Supplies industry. Headquartered in Bad Homburg, Germany, the company operates in Europe. With a founding year of 1996, it has established itself as a prominent player in the industry. Fresenius Medical Care employs approximately 120,000 dedicated professionals who are committed to providing high-quality healthcare supplies. The company generates an impressive annual revenue of 17.6 billion dollars, showcasing its significant market presence. With a focus on innovation and customer satisfaction, Fresenius Medical Care continues to contribute to the advancement of healthcare supplies worldwide.
#6 Danaher Corporation
Employees: 80K
Revenue: 22B$
Website: https://www.danaher.com
Description: Danaher Corporation, headquartered in Washington, D.C., is a leading global company operating in the Healthcare Supplies industry. Founded in 1969, the company has grown to employ approximately 80,000 people worldwide. With annual revenues of around 22 billion dollars, Danaher is a major player in the healthcare sector. The company focuses on providing a wide range of high-quality medical supplies and equipment to healthcare facilities, contributing to the delivery of effective and efficient patient care. Danaher's commitment to innovation and continuous improvement has made it a trusted partner in the healthcare industry, enabling them to meet the evolving needs of healthcare providers and contribute to the advancement of healthcare globally.
#5 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 Healthcare Supplies industry. Established in 2006, the company has a workforce of approximately 75,000 employees. With an annual revenue of 25 billion dollars, Thermo Fisher Scientific is a key player in the healthcare sector. The company specializes in providing a wide range of healthcare supplies and solutions to various organizations and institutions. Their offerings include laboratory equipment, diagnostic tests, research tools, and pharmaceutical services. Thermo Fisher Scientific operates globally, serving customers in the healthcare industry with high-quality products and innovative solutions.
#4 Medtronic
Employees: 90K
Revenue: 30B$
Website: https://www.medtronic.com
Description: Medtronic, based in Minneapolis, United States, is a prominent player in the Healthcare Supplies industry. Established in 1949, the company has grown to become a global leader in medical technology, services, and solutions. With a workforce of approximately 90,000 employees, Medtronic operates in over 150 countries worldwide. The company focuses on developing innovative products and therapies to improve the lives of patients suffering from various medical conditions. Medtronic's extensive portfolio includes medical devices, surgical technologies, and therapies for chronic diseases such as diabetes, heart disease, and neurological disorders. The company's revenue stands at around 30 billion dollars, reflecting its significant presence and success in the healthcare industry.
#3 Abbott Laboratories
Employees: 107K
Revenue: 34B$
Website: https://www.abbott.com
Description: Abbott Laboratories, headquartered in Abbott Park, United States, is a prominent player in the Healthcare Supplies industry. Founded in 1888, the company has grown to become a leading provider of a wide range of healthcare products and services. With a workforce of approximately 107,000 employees, Abbott Laboratories is dedicated to improving the health and well-being of people around the world. The company generates an impressive annual revenue of 34 billion dollars, primarily from the sale of medical devices, diagnostic products, nutritional products, and pharmaceuticals. Abbott Laboratories' commitment to innovation and cutting-edge technology has made it a trusted name in the healthcare industry, contributing to advancements in patient care and treatment options.
#2 Johnson & Johnson
Employees: 132K
Revenue: 82.1B$
Website: https://www.jnj.com/
Description: Johnson & Johnson, based in New Brunswick, United States, is a leading healthcare supplies company operating in the Healthcare Supplies industry. With a rich history dating back to 1886, the company has established itself as a trusted provider of essential healthcare products and services. Johnson & Johnson employs approximately 132,000 employees worldwide, who are dedicated to improving human health and well-being. The company generates a substantial revenue of 82.1 billion dollars, offering a wide range of innovative medical devices, pharmaceuticals, and consumer healthcare products. Johnson & Johnson's commitment to quality and innovation has made it a prominent player in the healthcare supplies industry, contributing significantly to the advancement of global healthcare.
#1 Cardinal Health
Employees: 39K
Revenue: 145B$
Website: https://www.cardinalhealth.com/
Description: Cardinal Health, headquartered in Dublin, United States, is a leading player in the Healthcare Supplies industry. The company was founded in 1971 and currently employs approximately 39,000 employees worldwide. With a revenue of 145 billion USD, Cardinal Health provides a wide range of healthcare products and services, including pharmaceuticals, medical supplies, and distribution solutions. They work closely with healthcare providers, pharmacies, and manufacturers to ensure the availability and efficient delivery of essential healthcare supplies. Cardinal Health's commitment to quality and innovation has positioned them as a trusted partner in the healthcare industry, contributing to the improvement of patient care and outcomes.
Summary
The healthcare supplies industry has seen significant growth in recent years, with several companies emerging as leaders in the field. Among the top companies in this sub-industry are Johnson & Johnson, Medtronic, and Cardinal Health.
One unexpected finding is the increasing focus on innovation and technology in healthcare supplies. Companies like Johnson & Johnson and Medtronic are investing heavily in research and development to create advanced and efficient medical devices.
Johnson & Johnson is a prominent player in the healthcare supplies industry, offering a wide range of products including medical devices, pharmaceuticals, and consumer healthcare goods. The company has made significant advancements in areas such as surgical instruments and wound care products.
One shared element among the top companies is their commitment to quality and safety. They adhere to strict regulatory standards and prioritize patient well-being. Additionally, these companies have robust distribution networks, ensuring timely delivery of essential medical supplies.
What sets these eminent companies apart is their ability to adapt to changing market needs. They actively listen to customer feedback and continuously improve their products and services. Furthermore, these companies have strong brand recognition and trust among healthcare professionals, which gives them a competitive edge.