Medical device, medical equipment, capital equipment, medical technology – there is no one super category for these companies, so we have put them all under the medical device ranking. This sector plays a formidable role, with the 2014 revenue for the top 50 companies totaling over 20% of the healthcare products industry ($287B in medical device, $822B in pharmaceutical and $235B in biotech).
While the total year-over-year revenue of the top 50 remains very close at $287B in 2014, vs. $286B in 2013, the mergers, acquisition and divestitures market was as active in this space as in the pharmaceutical industry. 2015 should be very interesting, with new combinations such as: Medtronic/Covidien; Zimmer/Biomet and CareFusion; Smith & Nephew/Arthrocare; St. Jude’s future expected purchase of Thoratec; and J&J divesting Ortho-Clinical Diagnostics.
Here is a snapshot of the Top 50 Medical Device companies, ranked by 2014 revenue. We have tracked movement up and down the list both with regard to ranking and revenue changes as compared with 2013. Companies are ranked by their 2014 medical revenue as furnished by their annual reports and publicly available sources, Edgar and Morningstar stock information websites (figures of non-U.S. companies were converted to U.S. dollars from various currencies using end of the year exchange rates for 2014 and 2013). Medical device, equipment, and medical technology revenues were extracted from reports to create an equal playing field.
Companies are ranked by their 2014 Medical Device/Medical Supply revenue as furnished by their annual reports and publicly available sources such as Edgar and Morningstar stock information websites. Figures of non-U.S. companies were converted to U.S. dollars from various currencies.
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