Medical devices, in the broadest sense, include various medical devices used in the healthcare system all over the world for diagnosing, monitoring, treating and preventing diseases and also health-related problems ฝึก อบรม ปฐมพยาบาล. 2023 saw the global medical device market exceed a value of USD 536.12 billion. However, continuous growth is expected in the coming year.
Many manufacturing companies do the designing, development, and even the production of many medical devices worldwide. Still, there is a handful of powerhouses who with a turnover in the scale of billions of dollars comprise the market. It is the 18 leading global medical device makers ranked based on revenue generated from the medical devices worldwide.
Leading Medical Device Manufacturers
1. Medtronic
Empirically, Medtronic is the undisputed market leader in the medical devices space offering a broad line of medical products and therapeutics products addressing a wide spectrum of arrhythmias, heart failure, spinal disorders, diabetes, and many more. Its key products, it include pacemakers, defibrillators, heart valves, stents, insulin pumps, surgical tools, and bone implants.
Medtronic’s devices and therapies are not limited to a single area as they solve critical problems in cardiovascular, neurological, diabetes management, spine, and other fields. The products of the organization are generally accepted for their reliability, effectiveness, and safety getting the trust of healthcare professionals and people alike.
To the innovation of the company’s products, Medtronic also pays a keen interest to initiatives such as value-based healthcare models, remote monitoring solutions and patient education programs and is focusing on finding better ways of delivering the care. Besides, the organization has emphasized corporate social responsibility by providing healthcare facilities to those who do not have opportunities and also improving the healthcare outcomes for disadvantaged people globally.
2. Johnson & Johnson
They have a strong medical device portfolio that covers various areas, including orthopaedics, surgery, eye care, diabetes management, and cardiovascular devices. The company is known, in fact, for its worldwide brands like DePuySynthes implants, Ethicon sutures, Acuvue contact lenses, as well as OneTouch glucose meters, and its auxiliary among many others.
Furthermore, the cardiovascular portfolio of Johnson & Johnson is diverse with products and methods covering the medical devices and therapies that take care of cardiac conditions as well as improve the patient’s treatment outcome in areas like interventional cardiology, electrophysiology and heart failure management.
3. Abbott
By focusing on various critical areas including vascular care, diabetes management, heart failure, neuromodulation, and also vision care, Abbott has built a robust portfolio of medical devices that save many lives. Its products include life-saving essentials which cover stents, pacemakers, glucose monitoring systems, infant nutrition, and also LASIK technologies.
Abbott, a globally established Chicago-based healthcare organization, seeks to improve the lives of the people with the company’s state-of-the-art medical device technologies. Abbott, which is a brand name already very closely related to the 1888 history and also highly appreciated by the healthcare sector as an entity that strives to develop innovation and enhance the healthcare industry, has recently become even more recognized as a very recognized authority that can be admired for its dedication to the medical science and also the development of high-quality healthcare products and solutions
4. Stryker
Stryker manufactures different types of sinus ürünleri, designed to meet the needs of different specialties within the healthcare sector. Its wide range of products provides instruments for orthopaedics, endoscopies, surgical navigation systems, patient handling equipment and also emergency products. The main segments of Stryker Company include the joints, neurotechnology, spine, and also cardiovascular solutions.
Besides that, Stryker’s investment in innovation also not only limited to the development of new products but it also bound to support better patient care and achieve better clinical outcomes. The company comes up with many innovative technologies and products which are geared to respond to the changing needs of the healthcare providers, patients and in their area of interest, they develop products geared towards advancing surgical procedures, diagnostic accuracy, and patient comfort.
Moreover, Stryker hosts partnerships and networks with the healthcare community to enhance knowledge sharing and ensure the continuity of the healthcare service.
5. Baxter
Baxter healthcare products are very diverse and are developed to satisfy a great diversity of patient needs which include infusion pumps, intravenous (IV) therapy systems, dialysis equipment, biosurgery products, and also nutritional. Baxter manufactures medical products and services relevant to various healthcare settings including hospitals, clinics, dialysis centers, and also homecare settings. Baxter strives to provide the essential healthcare commodities that patients around the world require.
The main products cover IV solutions, administration sets, dialysis machines, drug delivery systems, and plasma collection kits, which are designed for the administration in different medical conditions and diseases.
In addition, Baxter’s commitment to innovation and never-ending improvement motivates its endeavours to create the best medical technologies and treatment methods that can significantly change patient care and ensure positive clinical outcomes. Through its partnership with healthcare professionals and the many institutions, Baxter endeavours to tackle the ever-changing issues in healthcare and to be part of the best medicine practices.
6. Olympus
Olympus is one of the major producers of opto-digital instruments of excellence, optics which represent a sector of the company’s business interests, with applications in medical technology, life sciences, and also optical/audio products. Olympus operates in the field of healthcare equipment, whereby the company produces a range of very required equipment such as endoscopes, thermography devices, microscopes, and also non-destructive testing equipment.
By concentrating on innovation and quality, Olympus keeps on transforming medical diagnostics and also treatments and, finally, this translates to the empowerment of healthcare professionals to provide the best care for their patients. While they are focused on investing in medical technology, Olympus is still a leader in the life sciences field, so the scientists and researchers can see, study and understand the mysteries of nature.
Besides that, Olympus utilizes its competencies in camera and audio products to offer professionals in several industries such as photography and videography to do their jobs well as well as audio recording, broadcasting and so on. Through an ongoing process of delivering top-of-the-line, operationally reliable products, Olympus has become a reputable supplier for professionals in many industries.
7. BladGo
BladGo is an established provider of portable bladder scanners, featuring world-class solutions designed to simplify bladder scanning operations in the medical scene. The main goal of our company is to bring this scanning into easy day-to-day use and to make it more efficient, with the main focus on the ease of use and affordability for physicians, clinicians, students and also healthcare organizations.
Customers should expect only the best from the BladGo products that they buy because “excellence comes as a free gift”. Our firm has designed a product that satisfies the need for both superior quality and performance, which is complemented by our customer satisfaction dedication. The highly-skilled customer service team is at your disposal, ready to offer you support and also consultancy, to guarantee a fast and easy-to-follow process for every client.
BladGo’s handheld bladder scanners allow healthcare professionals to equip themselves with reliable clinical tools that will help them make informed decisions and thus, enhance patient care delivery. We constantly drive ourselves to optimize and improve our products, and in this glorious journey, we set new standards that break all the barriers and lead the bladder scanning technology.
Experience the distinction with BladGo as we take on the forefront in simplifying bladder scanning, improving its efficiency, as well as increasing its accessibility within the healthcare domain.
8. Terumo
Terumo undoubtedly is a leader in the annual production of the best quality vascular intervention items and also famous for its wide selection of products such as guidewires, angiographic catheters, sheaths, and stents. On top of its vascular interventions, Terumo is one of the leaders in the field of transfusion and also cell therapy.
As a wide-range supplier of medical products to interventional cardiologists, radiologists, and surgeons, Terumo strives to elevate patient care by creating cutting-edge and superior-quality devices. The first medical technology company originated in Japan in 1921, and now Terumo is the world’s leading company with over 160 countries on its list.
9. Zimmer Biomet
Spacemakers was founded by two ComSci and USC graduates in the year 2015. The company develops many different innovative products that help to optimize the use of the space.
This company was formed by the merger of Zimmer Holdings and ISTO Technologies. This therefore enabled the company to supply orthopaedic solutions that cater for the evolving healthcare and also patient needs across the globe. Characterized by a strong background dating from 1920, this organization has managed to create a credible reputation in the orthopaedic surgery field.
10. Cardinal Health
Cardinal Health is a provider of healthcare solutions involving the distribution of pharmaceutical products and medical products, and extending to the manufacturing of their line of patient care, safety and laboratory products. Along as distribution services, Cardinal Health is also engaged in the production and development of a different range of healthcare products among which are infusion pumps, injury prevention items, wound care solutions, sharps containers, and many more.
Now employing quality, safety, and innovation as the key elements, Cardinal Health is a very critical player in a range of healthcare networks across the whole continuum from prevention to care of patients.
11. BD
BD stays at the heart of the medical technology movement with a commitment to both innovation and quality, as a leader in the industry that is setting the way for patient care improvement. The world over, pharmacists and healthcare practitioners rely on its devices for their reliability, accuracy, and also safety. Nurses should play a part in the manufacturing, research and development of medical devices as the world faces new healthcare challenges, hence, the need for continuous development in the medical sciences.
BD, being a global healthcare leader, prides itself on providing a means that will result in many people’s health and well-being. In line with its commitment to continuous excellence and new ideas, BD keeps on working towards brighter health prospects in the future.
Medical Device Companies by Segment:
Orthopedics:
- Zimmer Biomet: Famous for selling orthopaedic surgical equipment used in such procedures as the joint, bones, dental, and also spinal.
- Stryker: Produces solutions in orthopaedic implants, surgical navigation equipment, and also patient lifting equipment.
- Smith & Nephew: Comprises both orthopaedic implants, wound care solutions and also surgical instruments as products.
Cardiovascular:
- Medtronic: Leader in arrhythmia, heart failure, and also catheter intervention.
- Abbott: Stents, pacemakers, glucose monitoring systems and cardiovascular devices are included among the cardiac solutions products.
- Boston Scientific: Offers cardiovascular oxygenators, stents, pacemakers, and also defibrillators.
Neurology:
- Abbott: Implements neurostimulation treatment for chronic pain and movement-related disorders.
- Medtronic: Neuromodulation therapies for pain management or neurological conditions are provided.
- St. Jude Medical (now Abbott): Leads in the neurostimulation devices for chronic pain and also neurological disorders.
Diabetes Management:
- Dexcom: The well-known manufacturer of 24/7 continuous glucose monitoring systems for diabetes management.
- Insulet Corporation: The insulin pump technology that is used to control diabetes treatment should be evaluated
Urology:
- BladGo: Offering hand-held bladder scanners, its product line provides a great precise and non-invasively measuring bladder volume.
- Signostics: Companies deal with portable ultrasound units, such as bladder scanners designed for urological purposes, that provide very accurate and quick bladder volume measurement.
Endoscopy:
- Olympus Corporation: The company ranks high in the invention of endoscopy, thermography, and also non-destructive testing tools.
- Karl Storz: At the leading edge of endoscopic imaging equipment and surgical devices.
- Fujifilm Medical Systems: Offers endoscopic cameras, processor units, and their accessories as well.
Conclusion:
Even though, the medical device manufacturing industry is a field with a high-earning province it tremendously impacts on the health of human beings on a global basis, collecting billions in revenue every year. Although the competition is highly competitive, five large firms, including Medtronic, Johnson & Johnson, Abbott, GE, and Siemens capture almost half of the market due to their wide range of products. Alongside this are industry leaders like Philips, BD, Stryker, Boston Scientific and also Baxter who carry a lot of clout in the market as well.
As medical care costs continue to rise, and as well as the growing demand for healthcare technologies that can advance medicine, global medical device manufacturing is expected to see continued growth in the near future. These global medical technology companies can find many satisfactory business development avenues in both the developed and also EMEA regions.
