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    Top30

    The 2020 Top 30 Global Medical Device Companies

    Leadership changes, divestments, and portfolio-building partnerships—through acquisition or collaboration—were common threads among medtech’s largest players.

    The 2020 Top 30 Global Medical Device Companies
    MPO Editors07.21.20
    2019’s passing marks two years without the type of annual blockbuster deal the medical device industry had become accustomed to. That’s not to say M&A activity was quiet—a number of the world’s largest medtech makers spent billions last year to boost their portfolios. Last year’s largest deal saw 3M buy advanced wound care and specialty surgical firm Acelity for $6.7 billion. Boston Scientific closed the book on its $4.2 billion BTG deal, gaining products used in minimally invasive procedures targeting cancer and vascular diseases. Johnson & Johnson continued its move toward surgical robotics with its $3.4 billion purchase of Auris Health.

    Significant shedding took place in the Top 30 as well. GE sold its BioPharma unit to Danaher for $21 billion. Danaher extracted its Dental business, which became independent, publicly-traded Envista. Alcon formally completed its spinoff from Novartis last April. And, 3M sold its drug delivery business—excluding the transdermal portfolio—to an Altaris Capital Partners affiliate for $650 million.

    Last year also saw the departure of a remarkable number of chief executives. Omar Ishrak announced his retirement after nine years at Medtronic’s helm. Abbott leader Miles White retired after a 21-year tenure—the second longest for a non-founder in today’s S&P 100. After nearly 40 years serving BD, Vincent Forlenza stepped down as CEO. Following a bout of infighting over the leader of newly formed EssilorLuxottica, Francesco Millieri became CEO of Luxottica Group and Paul du Saillant began leading Essilor International. (The search for EssilorLuxottica’s chief executive is still underway at the time of writing.) B. Braun chief execs Prof. Dr. Heinz-Walter Große (B. Braun Melsungen AG) and Caroll H. Neubauer (B. Braun Medical Inc.) also retired from the company. Hiroyuki Sasa stepped down as Olympus’ CEO, and Smith+Nephew leader Namal Nawana departed the firm after a purported dispute over his pay.

    Although the COVID-19 pandemic did not begin to take hold until early this year, its effects on medtech’s largest manufacturers cannot be ignored. Thus, information is embedded in some reports about 2020 financial performance and how medtech’s largest firms have aided the fight against the virus.

    We hope you enjoy reading this year’s Top 30 reports.

    Editors’ note: As you read our report, please take note that while the companies are ranked according to sales reported for their most recent fiscal year, some may include non-device sales within a division, such as combination products, drug delivery, software, or device-related services. Not all companies explicitly break out the device portion of total revenues. We consulted numerous public documents and contacted company officials as needed to arrive at the best estimates. Also note that foreign currency conversions were done based on the exchange rate at the end of the fiscal reporting period being discussed.

    THE TOP 30 MEDICAL DEVICE MANUFACTURERS
    1. Medtronic $28.91B
    2. Johnson & Johnson $25.96B
    3. Abbott $19.95B
    4. GE Healthcare $19.94B
    5. BD $17.29B
    6. Philips $17.10B
    7. Siemens Healthineers $15.88B
    8. Cardinal Health $15.63B
    9. Stryker $14.88B
    10. Baxter $11.36B
    11. Boston Scientific $10.74B
    12. EssilorLuxottica $8.84B
    13. B. Braun $8.39B
    14. Zimmer Biomet $7.98B
    15. 3M Health Care $7.43B
    16. Alcon $7.36B
    17. Danaher $6.56B
    18. Fresenius $6.37B
    19. Olympus $5.95B
    20. Terumo $5.83B
    21. Smith+Nephew $5.13B
    22. Intuitive Surgical $4.48B
    23. Edwards Lifesciences $4.34B
    24. Dentsply Sirona $4.03B
    25. Canon Medical $4.02B
    26. Hoya $3.48B
    27. Hologic $3.36B
    28. Hitachi $3.25B
    29. Varian Medical $3.22B
    30. Sonova $3.05B

    Related Top30

    • The 2019 Top 30 Global Medical Device Companies

      The 2019 Top 30 Global Medical Device Companies

      ...
      Sean Fenske, Michael Barbella, & Sam Brusco, MPO Editorial Staff 07.30.19

    • 1. Medtronic

      1. Medtronic

      ...
      07.30.19

    • 2. Johnson & Johnson

      2. Johnson & Johnson

      ...
      07.30.19


    • 3. GE Healthcare

      3. GE Healthcare

      ...
      07.30.19

    • 4. Abbott

      4. Abbott

      ...
      07.30.19

    • 5. Philips

      5. Philips

      ...
      07.30.19


    • 6. BD

      6. BD

      ...
      07.30.19

    • 7. Cardinal Health

      7. Cardinal Health

      ...
      07.30.19

    • 7. Siemens Healthineers

      7. Siemens Healthineers

      ...
      07.30.19


    • 9. Stryker

      9. Stryker

      ...
      07.30.19

    • 10. Baxter

      10. Baxter

      ...
      07.30.19

    • 11. Boston Scientific

      11. Boston Scientific

      ...
      07.30.19


    • 12. Danaher

      12. Danaher

      ...
      07.30.19

    • 13. EssilorLuxottica

      13. EssilorLuxottica

      ...
      07.30.19

    • 14. Zimmer Biomet

      14. Zimmer Biomet

      ...
      07.30.19


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