With the use of technology in medical devices, the medical supply business has gradually grown. With the ever-increasing global warming and the spread of diseases, it has become increasingly crucial for companies to stand out in the market. The following is a list of the top medical device supplier firms that have built a name for themselves in the industry.
Johnson & Johnson
Johnson & Johnson has retained a legacy of continual improvement for above hundreds of years. Johnson & Johnson (J&J) is an American global company formed in 1886 and manufactures medical devices, medicines, and retail consumer durables. The company is based in New Jersey and made $82.6 billion in revenue in 2020.
The company sells a wide range of well-known brand-name pharmaceuticals and first-aid equipment. Immunology, infectious disorders, neuroscience, cancer, thrombosis and diabetes, and pulmonary hypertension are the therapeutic areas of the pharmaceutical section.
The company manufactures medical equipment for cardiovascular therapies and implants for orthopaedics, surgery, and eyes. The company also focuses on supplying various consumer health items such as personal healthcare, beauty, baby care, women’s health, and many more.
Before 2017, the business was a producer and retailer of medical diagnostic reagents and radiopharmaceuticals for medical screening technologies. GE Healthcare is a division of General Electric, an American international business founded in New York and based in Chicago, Illinois.
The firm generates medical testing equipment, primarily CT image machines and chemicals used in magnetic-resonance scanning treatments. It creates medical solutions for clinical imaging, patient health monitoring, illness studies, drug development, and various other applications.
Abbott Laboratories is a global American medical equipment and medical services corporation headquartered in Abbott Park, Illinois. Wallace Calvin Abbott, a Chicago physician, created the firm in 1888 to develop well-known medications. However, it now distributes medical gadgets, diagnostics, trademarked generic drugs, and nutritional supplements.
Abbott Laboratories’ medical device segment produced more than $20 million in sales in 2019. Paediatric and adult nutrition items, a variety of diagnostic tools, and various cardiovascular and neuromodulator devices are among the products created by the companies.
Philips is a well-known company known for producing high-quality technology items in practically every industry. Despite serving various industries, Philips is the world’s biggest medical device and health innovation firm. It is a Dutch global firm started in Eindhoven in 1891 and was once one of the international highest electronics firms.
Still, it is now primarily centred on medical technologies, with other operations being sold. Imaging systems, clinical informatics, patient care and clinical informatics, diagnostic monitoring, and various other medical devices used to monitor a patient’s health or cure a patient are among Philips’ healthcare products.
Medtronic is a medical equipment firm based in the United States licensed in both the United States and Ireland. Medtronic designs and produces devices and solutions to treat over 30 chronic conditions. Medtronic is presently the world’s top medical device producer, with an overall income of $30.6 billion, the most among some of the largest global medical product firms.