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.
Top 10 MedTech Manufacturers and Their Medical Specialties
Medical technology (MedTech) stands as a reliable and largely non-cyclical sector for investors. The top 10 MedTech manufacturers collectively generated nearly $200 billion in revenue
