[Ranking] TOP 25 Medical Appliances & Equipment / Pharmaceuticals Companies Q3/2023

Intro

The Medical Appliances & Equipment industry plays a crucial role in the worldwide economy, providing essential products and technologies that support the healthcare sector. From advanced surgical instruments to life-saving diagnostic equipment, these companies are at the forefront of medical innovation.

With its profound influence, the Medical Appliances & Equipment industry has ripple effects across diverse sectors. The development of new medical devices not only improves patient outcomes but also drives job creation, fosters research and development, and contributes to economic growth.

The economic magnitude of the Medical Appliances & Equipment industry is substantial and continues to grow. In recent years, the global market for medical devices has experienced significant expansion, fueled by rising healthcare expenditures, increasing aging populations, and the demand for advanced medical technologies.

As the industry progresses, it faces a variety of trends, breakthroughs, and obstacles. From the rise of telemedicine and digital health solutions to regulatory challenges and the need for cost-effective innovations, companies in this sub-industry must stay agile and adaptive to thrive in a rapidly evolving landscape.

The landscape of the Medical Appliances & Equipment industry is ever-changing, presenting both opportunities and challenges for companies in this sector. From established players to emerging startups, this article explores the top companies that are shaping the future of medical appliances and equipment, driving advancements in healthcare and improving patient care.

Ranking

#25 Sysmex Corporation

Sysmex Corporation

Employees: 10K

Revenue: 1.5B$

Website: https://www.sysmex.com/

Description: Sysmex Corporation, headquartered in Kobe, Japan, is a leading player in the Medical Appliances & Equipment industry. Founded in 1968, Sysmex specializes in the development, manufacture, and distribution of diagnostic and testing equipment for the healthcare sector. With a workforce of approximately 10,000 employees, the company has established itself as a global leader in the field. Sysmex's innovative medical appliances and equipment cater to a wide range of medical applications, including hematology, urinalysis, clinical chemistry, and coagulation. The company's dedication to research and development has enabled it to introduce cutting-edge technologies and solutions that contribute to the advancement of healthcare worldwide. With annual revenues of 1.5 billion dollars, Sysmex continues to expand its presence and make significant contributions to the pharmaceutical industry.

#24 ResMed Inc.

ResMed Inc.

Employees: 10K

Revenue: 2.5B$

Website: https://www.resmed.com

Description: ResMed Inc. is a leading company in the Medical Appliances & Equipment industry. Headquartered in Sydney, Australia, ResMed was founded in 1989. With a workforce of approximately 10,000 employees, the company specializes in the development, manufacturing, and distribution of innovative medical devices and solutions for the treatment of sleep apnea, chronic obstructive pulmonary disease (COPD), and other respiratory conditions. ResMed's products include continuous positive airway pressure (CPAP) machines, masks, and accessories that help patients breathe more easily and improve their quality of life. The company has achieved significant revenue growth, with annual revenues reaching approximately 2.5 billion dollars. ResMed's commitment to research and development, combined with its global presence, has positioned it as a key player in the medical appliances and equipment industry.

#23 Varian Medical Systems, Inc.

Varian Medical Systems, Inc.

Employees: 10K

Revenue: 3B$

Website: https://www.varian.com/

Description: Varian Medical Systems, Inc. is a leading global manufacturer of medical appliances and equipment in the pharmaceuticals industry. Headquartered in Palo Alto, United States, the company has a rich history dating back to its founding in 1948. With approximately 10,000 employees worldwide, Varian Medical Systems specializes in the development and production of advanced medical devices and solutions for cancer treatment and other medical conditions. The company's revenue stands at around 3 billion US dollars, reflecting its significant presence and success in the industry. Varian Medical Systems is dedicated to improving the lives of patients through innovative technologies and continues to be a prominent player in the medical appliances and equipment sector.

#22 Hologic, Inc.

Hologic, Inc.

Employees: 6K

Revenue: 3.3B$

Website: https://www.hologic.com

Description: Hologic, Inc. is a leading medical technology company specializing in the development, manufacturing, and marketing of diagnostic and surgical products. Headquartered in Marlborough, United States, Hologic operates in the Medical Appliances & Equipment industry within the broader pharmaceuticals sector. With a history dating back to 1985, the company has grown to employ approximately 6,000 dedicated professionals. Hologic offers a wide range of innovative solutions that improve women's health, including advanced imaging systems, molecular diagnostics, and surgical products. As a trusted provider of cutting-edge medical technology, Hologic continues to drive advancements in healthcare and enhance patient outcomes.

#21 Illumina, Inc.

Illumina, Inc.

Employees: 7.7K

Revenue: 3.5B$

Website: https://www.illumina.com

Description: Illumina, Inc. is a leading company in the Medical Appliances & Equipment industry. Headquartered in San Diego, United States, the company was founded in 1998. With a workforce of approximately 7,700 employees, Illumina specializes in the development and manufacturing of genetic analysis tools and systems. The company's innovative technologies enable researchers, clinicians, and pharmaceutical companies to study genetic variations and gain insights into various diseases, including cancer, genetic disorders, and complex diseases. Illumina's products and services are widely used in genomics research, clinical diagnostics, and drug discovery. The company has achieved significant revenue growth, with annual revenues reaching 3.5 billion dollars.

#20 Edwards Lifesciences Corporation

Edwards Lifesciences Corporation

Employees: 14.5K

Revenue: 4.3B$

Website: https://www.edwards.com/

Description: Edwards Lifesciences Corporation, headquartered in Irvine, United States, is a prominent player in the Medical Appliances & Equipment industry. Founded in 1958, the company has a workforce of approximately 14.5 thousand employees. With an annual revenue of 4.3 billion dollars, Edwards Lifesciences Corporation is dedicated to providing innovative medical solutions in the field of cardiovascular disease and critical care monitoring. Their expertise lies in developing and manufacturing advanced heart valve technologies, hemodynamic monitoring systems, and other medical devices. With a strong focus on improving patient outcomes and enhancing clinical effectiveness, Edwards Lifesciences Corporation continues to be a leader in the pharmaceuticals industry, contributing to the advancement of healthcare worldwide.

#19 Smith & Nephew Plc

Smith & Nephew Plc

Employees: 16K

Revenue: 5.1B$

Website: https://www.smith-nephew.com/

Description: Smith & Nephew Plc is a leading company in the Medical Appliances & Equipment industry. With its headquarters in London, United Kingdom, the company has been operating since its founding in 1856. Smith & Nephew specializes in the development and manufacturing of medical devices and advanced wound care solutions. The company's products range from orthopedic implants and surgical instruments to advanced wound dressings and negative pressure wound therapy systems. With a workforce of approximately 16,000 employees worldwide, Smith & Nephew generates an annual revenue of 5.1 billion dollars. The company's commitment to innovation and its focus on improving patient outcomes have solidified its position as a trusted leader in the medical industry.

#18 Agilent Technologies, Inc.

Agilent Technologies, Inc.

Employees: 17K

Revenue: 5.3B$

Website: https://www.agilent.com

Description: Agilent Technologies, Inc. is a leading company in the Medical Appliances & Equipment industry. Headquartered in Santa Clara, United States, Agilent was founded in 1999. With a workforce of approximately 17,000 employees, the company has established itself as a major player in the industry. Agilent Technologies generates an impressive annual revenue of 5.3 billion dollars. The company is known for its innovative solutions and cutting-edge technologies in the medical field, offering a wide range of medical appliances and equipment. Agilent's commitment to advancing healthcare and improving patient outcomes has made it a trusted partner for medical professionals around the world.

#17 Zimmer Biomet Holdings, Inc.

Zimmer Biomet Holdings, Inc.

Employees: 18.5K

Revenue: 8.1B$

Website: https://www.zimmerbiomet.com

Description: Zimmer Biomet Holdings, Inc. is a leading company in the Medical Appliances & Equipment industry. Based in Warsaw, United States, the company was founded in 1927. With approximately 18.5 thousand employees, Zimmer Biomet specializes in the design, development, and manufacturing of a wide range of medical devices and surgical solutions. Their products encompass orthopedic reconstructive implants, spinal and trauma devices, dental implants, and various other healthcare technologies. The company operates globally, serving healthcare professionals and patients in over 100 countries. Zimmer Biomet is committed to improving the quality of life for individuals by providing innovative and reliable medical solutions.

#16 Terumo Corporation

Terumo Corporation

Employees: 20K

Revenue: 9.8B$

Website: https://www.terumo.com/

Description: Terumo Corporation, headquartered in Tokyo, Japan, is a leading player in the Medical Appliances & Equipment industry. With a history dating back to 1921, Terumo has established itself as a trusted name in the pharmaceuticals sector. The company specializes in the development and manufacture of medical devices, ranging from vascular intervention products and infusion systems to blood transfusion and diabetes care equipment. Terumo's commitment to innovation and quality has earned it a strong reputation in the global market, allowing it to maintain a significant presence and generate impressive revenue of 9.8 billion dollars. With a workforce of approximately 20,000 employees, Terumo continues to make strides in advancing medical technology and improving patient care worldwide.

#15 Boston Scientific Corporation

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 Medical Appliances & Equipment industry. Founded in 1979, the company has grown to employ approximately 32,000 employees worldwide. With a revenue of 10.7 billion dollars, Boston Scientific Corporation specializes in the development, manufacture, and marketing of medical devices used in various therapeutic areas including cardiology, endoscopy, urology, and neuromodulation. The company's innovative products and solutions aim to improve patient outcomes and enhance the quality of healthcare across the globe.

#14 Baxter International Inc.

Baxter International Inc.

Employees: 48K

Revenue: 11.4B$

Website: https://www.baxter.com

Description: Baxter International Inc. is a leading medical appliances and equipment company operating in the pharmaceuticals industry. Headquartered in Deerfield, United States, Baxter provides a wide range of products and services to healthcare professionals and patients worldwide. With a history that dates back to 1931, the company has grown to become a global leader in medical technology, offering solutions for critical care, nutrition, renal care, surgical care, and more. Baxter's innovative products and therapies help improve patient outcomes and enhance healthcare delivery. With a workforce of approximately 48,000 employees, the company is dedicated to advancing healthcare and making a positive impact on people's lives.

#13 Stryker Corporation

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 Medical Appliances & Equipment industry. The company was founded in 1941 and currently employs approximately 40,000 people worldwide. Stryker specializes in developing innovative medical technologies and solutions, ranging from surgical equipment and orthopedic implants to medical software and patient handling equipment. With its commitment to improving healthcare outcomes, Stryker has become a trusted name in the industry. The company's revenue for the latest fiscal year stood at 14.9 billion US dollars, solidifying its position as a major player in the pharmaceuticals sector.

#12 Becton, Dickinson And Company

Becton, Dickinson And Company

Employees: 79K

Revenue: 17B$

Website: https://www.bd.com

Description: Becton, Dickinson And Company (BD) is a leading global medical technology company that specializes in the development, manufacturing, and sale of medical devices, instrument systems, and reagents. Headquartered in Franklin Lakes, New Jersey, BD operates in the Medical Appliances & Equipment industry within the Pharmaceuticals sector. The company was founded in 1897 and currently employs approximately 79,000 individuals worldwide. BD's extensive portfolio includes products for medication management, healthcare worker safety, diagnostics, diabetes care, and many other medical applications. With annual revenues of 17 billion dollars, BD is dedicated to advancing healthcare by improving medical discovery, diagnostics, and the delivery of care.

#11 Siemens Healthineers AG

Siemens Healthineers AG

Employees: 50K

Revenue: 17.1B$

Website: https://www.healthcare.siemens.com

Description: Siemens Healthineers AG, headquartered in Erlangen, Germany, is a leading company in the Medical Appliances & Equipment industry. With a rich history dating back to 1847, the company has established itself as a pioneer in the field of healthcare technology. Siemens Healthineers employs approximately 50,000 dedicated professionals who are committed to shaping the future of healthcare through innovative solutions. The company's revenue stands at 17.1 billion US dollars, reflecting its strong presence and success in the market. Through its cutting-edge medical appliances and equipment, Siemens Healthineers aims to improve patient care and outcomes worldwide.

#10 Fresenius Medical Care AG & Co. KGaA

Fresenius Medical Care AG & Co. KGaA

Employees: 120K

Revenue: 17.4B$

Website: https://www.freseniusmedicalcare.com/

Description: Fresenius Medical Care AG & Co. KGaA is a leading company in the Medical Appliances & Equipment industry. Headquartered in Bad Homburg, Germany, the company was founded in 1996. With a workforce of approximately 120,000 employees, Fresenius Medical Care is committed to providing high-quality products and services for patients with kidney diseases. The company specializes in the manufacturing and distribution of dialysis machines, dialyzers, and other medical devices used in renal therapy. Fresenius Medical Care operates globally, serving millions of patients in over 150 countries. With an annual revenue of 17.4 billion dollars, the company continues to innovate and invest in research and development to improve patient outcomes and advance the field of nephrology.

#9 EssilorLuxottica SA

EssilorLuxottica SA

Employees: 150K

Revenue: 19.3B$

Website: https://www.essilorluxottica.com

Description: EssilorLuxottica SA is a leading company in the Medical Appliances & Equipment industry. Headquartered in Charenton-le-Pont, France, the company operates in the pharmaceutical sector, specifically focusing on the production of medical appliances and equipment. With a rich history dating back to its establishment in 1972, EssilorLuxottica has grown to become a major player in the industry. The company boasts a workforce of approximately 150,000 employees, who contribute to its success and global presence. Generating a revenue of 19.3 billion US dollars, EssilorLuxottica continues to thrive as it provides innovative solutions and products in the field of medical appliances and equipment.

#8 Koninklijke Philips N.V.

Koninklijke Philips N.V.

Employees: 77K

Revenue: 19.5B$

Website: https://www.philips.com

Description: Koninklijke Philips N.V., headquartered in Amsterdam, Netherlands, is a global leader in medical appliances and equipment. With a history dating back to 1891, the company has established itself as a trusted name in the healthcare industry. Philips operates in various segments, including diagnostic imaging, patient monitoring, healthcare IT solutions, and personal health products. The company's innovative medical devices and technologies contribute to the improvement of patient outcomes and the overall efficiency of healthcare systems. With a workforce of approximately 77,000 employees, Philips continues to drive advancements in healthcare and empower people to live healthier lives. With an annual revenue of 19.5 billion USD, the company remains committed to delivering cutting-edge medical solutions that address the evolving needs of healthcare professionals and patients worldwide.

#7 Danaher Corporation

Danaher Corporation

Employees: 79K

Revenue: 22.3B$

Website: https://www.danaher.com

Description: Danaher Corporation, headquartered in Washington, D.C., is a global leader in the Medical Appliances & Equipment industry. The company was founded in 1969 and currently employs approximately 79,000 people worldwide. With annual revenues of 22.3 billion dollars, Danaher has established itself as a prominent player in the industry. The company operates through various subsidiaries and offers a wide range of innovative medical devices, diagnostics, and healthcare solutions. Danaher Corporation's commitment to research, development, and quality has propelled its success in providing cutting-edge technologies for the pharmaceuticals industry. As a result, the company continues to make significant contributions to advancements in healthcare and improve patient outcomes globally.

#6 Medtronic Plc

Medtronic Plc

Employees: 90K

Revenue: 30B$

Website: https://www.medtronic.com

Description: Medtronic Plc is a leading company in the Medical Appliances & Equipment industry. Headquartered in Minneapolis, United States, the company was founded in 1949. With a workforce of approximately 90,000 employees, Medtronic Plc focuses on developing and manufacturing innovative medical devices and therapies to improve the lives of patients around the world. The company's product portfolio includes a wide range of medical appliances and equipment such as pacemakers, insulin pumps, surgical tools, and monitoring systems. Medtronic Plc generates an annual revenue of around 30 billion US dollars, making it one of the major players in the pharmaceutical industry.

#5 Thermo Fisher Scientific Inc.

Thermo Fisher Scientific Inc.

Employees: 75K

Revenue: 30B$

Website: https://www.thermofisher.com

Description: Thermo Fisher Scientific Inc. is a leading company in the Medical Appliances & Equipment industry. Headquartered in Waltham, United States, the company was founded in 2006. With a workforce of approximately 75,000 employees, Thermo Fisher Scientific operates globally to provide innovative solutions in the pharmaceuticals field. The company's revenue stands at an impressive 30 billion dollars, reflecting its strong presence and success in the industry. Thermo Fisher Scientific is dedicated to advancing healthcare and improving patient outcomes through its cutting-edge medical appliances and equipment. With its commitment to innovation, quality, and customer satisfaction, Thermo Fisher Scientific continues to be a major player in the pharmaceuticals industry.

#4 Abbott Laboratories

Abbott Laboratories

Employees: 109K

Revenue: 31.9B$

Website: https://www.abbott.com

Description: Abbott Laboratories, headquartered in Abbott Park, United States, is a leading company in the Medical Appliances & Equipment industry. Founded in 1888, Abbott Laboratories has a workforce of approximately 109,000 employees. With a revenue of 31.9 billion dollars, Abbott Laboratories specializes in the development, manufacturing, and marketing of a wide range of pharmaceutical products, including medical appliances and equipment. The company is dedicated to improving people's health through innovative solutions, and has a strong presence in the global healthcare market. Abbott Laboratories is committed to delivering high-quality products that contribute to the advancement of medical science and the well-being of patients worldwide.

#3 Novartis AG

Novartis AG

Employees: 110K

Revenue: 47.5B$

Website: https://www.novartis.com

Description: Novartis AG, headquartered in Basel, Switzerland, is a leading pharmaceutical company operating in the Medical Appliances & Equipment industry. Founded in 1996, the company has grown to employ approximately 110,000 people worldwide. With a revenue of 47.5 billion dollars, Novartis is focused on developing innovative healthcare solutions and providing high-quality medical products. They are dedicated to improving patient outcomes and addressing the evolving needs of the healthcare industry. Novartis is committed to research and development, investing heavily in cutting-edge technologies and scientific advancements. Through their broad portfolio of pharmaceuticals and medical devices, Novartis contributes significantly to the advancement of medical science and the well-being of patients globally.

#2 Roche Holding AG

Coming Soon

Employees: 98K

Revenue: 61.5B$

Website: https://www.roche.com

Description: Roche Holding AG, headquartered in Basel, Switzerland, is a leading company in the Medical Appliances & Equipment industry. With a history dating back to 1896, Roche has established itself as a key player in the pharmaceuticals sector. The company operates globally, focusing on the development, production, and distribution of innovative medical solutions. Roche's portfolio includes diagnostic tests, pharmaceutical drugs, and medical devices that address a wide range of diseases and conditions. With a workforce of approximately 98,000 employees, Roche continues to make significant contributions to the advancement of healthcare worldwide. In 2020, the company reported an impressive revenue of 61.5 billion dollars, solidifying its position as one of the top players in the industry.

#1 Johnson & Johnson

Johnson & Johnson

Employees: 135K

Revenue: 82B$

Website: https://www.jnj.com/

Description: Johnson & Johnson, headquartered in New Brunswick, United States, is a leading company in the Medical Appliances & Equipment industry. Founded in 1886, the company has a workforce of approximately 135,000 employees. With annual revenue of 82 billion dollars, Johnson & Johnson is recognized for its significant contributions to the pharmaceuticals sector. The company specializes in the development, manufacturing, and distribution of medical appliances and equipment, providing innovative solutions for healthcare professionals and patients worldwide. Johnson & Johnson's commitment to improving human health is evident through its broad range of products, including surgical instruments, orthopedic devices, diagnostic equipment, and medical supplies. Through its continuous research and development efforts, Johnson & Johnson remains at the forefront of advancements in the medical field, ensuring the delivery of high-quality and reliable healthcare solutions.

Summary

The analysis of the top companies in the Medical Appliances & Equipment sub-industry reveals some key takeaways. Among the leading firms in this sector, Johnson & Johnson holds the top position, followed by Medtronic and Thermo Fisher Scientific. These companies have achieved significant accomplishments in the field of medical appliances and equipment, contributing to the advancement of healthcare worldwide.

One unexpected finding from the investigation is the diverse range of products and services offered by these companies. While pharmaceuticals are the parent industry, these top firms have excelled in developing innovative medical devices and equipment that play a vital role in patient care. This highlights the interconnectedness and collaboration between the pharmaceutical and medical appliances & equipment sectors.

Johnson & Johnson, a multinational company, is a standout in the field of medical appliances & equipment. With a rich history and an extensive product portfolio, they have become a trusted name in healthcare. Medtronic, a global leader in medical technology and services, focuses on improving patient outcomes through innovative solutions. Thermo Fisher Scientific specializes in scientific research and laboratory equipment, offering a wide range of products to support medical advancements.

One shared element driving the prosperity of these leading firms is their commitment to research and development. They invest heavily in innovation, constantly striving to develop cutting-edge medical appliances and equipment. This emphasis on R&D ensures that they stay ahead of the competition and continue to meet the evolving needs of the healthcare industry.

What sets these eminent companies apart from their industry rivals is their ability to combine scientific expertise with technological advancements. They leverage state-of-the-art technologies to create medical appliances and equipment that improve patient outcomes and enhance the efficiency of healthcare processes. Additionally, these companies have strong global networks, allowing them to reach a wide customer base and make a significant impact on a global scale.