The graph above shows the 10 largest MedTech firms by revenue in 2020. Medtronic had a revenue of $28.9 billion (a decrease of 5% from 2019). Following the company are Johnson & Johnson, Fresenius Medical Care, GE Healthcare, BD (Becton & Dickinson), Siemens Healthcare, Philips, CardinalHealth, Stryker and Abbott.
The COVID pandemic led to a drop in sales for many of the world’s 10 largest MedTech firms as investments in healthcare were postponed. This backlog is expected to clear soon.
Defibrillation Market
Defibrillation market size was ~$4bn, with projected ~2% CAGR to 2030. In the market size split, devices account for about 60%, consumables 30% and accessories
