TOP 100

Medical Device
Companies by Sales*
mddionline.com | qmed.com

Market Price to Book

Revenue
Company Name Exchange/Ticker Cap Earnings Value Website
($M)
($M) Ratio Ratio
1 Medtronic 31,686 NYSE:MDT 105,135 24.63x 2.03x www.medtronic.com
2 Abbott Laboratories 1
30,010 NYSE:ABT 187,574 24.41x 5.26x www.abbott.com
3 Johnson & Johnson 27,060 NYSE:JNJ 467,678 24.91x 6.17x www.jnj.com
4 Siemens Healthineers 2
20,950 XTRA:SHL 59,487 28.15x 2.87x www.siemens-healthineers.com
Becton, Dickinson and
5 20,250 NYSE:BDX 70,657 47.18x 2.79x www.bd.com
Company
6 GE Healthcare 17,720 NYSE:GE 94,931 NM 2.97x www.gehealthcare.com
7 Stryker 17,100 NYSE:SYK 88,511 36.99x 5.38x www.stryker.com
8 Koninklijke Philips 16,670 ENXTAM:PHIA 13,282 NM 0.85x www.philips.com
9 Cardinal Health 13,460 NYSE:CAH 21,201 NM NM www.cardinalhealth.com
10 Baxter International 12,780 NYSE:BAX 28,498 NM 5.15x www.baxter.com
11 Boston Scientific 11,890 NYSE:BSX 64,841 109.93x 3.68x www.bostonscientific.com
12 Danaher 9,840 NYSE:DHR 199,620 28.79x 4.2x www.danaher.com
13 3M Health Care 9,050 NYSE:MMM 70,193 11.01x 4.95x www.3m.com
14 B. Braun 8,900 NA Private NA NA www.bbraun.com
15 Alcon 8,200 SWX:ALC 34,310 60.13x 1.69x www.alcon.com
16 Zimmer Biomet 7,830 NYSE:ZBH 25,203 79.59x 2.06x www.zimmerbiomet.com
17 Fresenius 6,610 XTRA:FME 11,262 12x 0.7x www.freseniusmedicalcare.com
18 Olympus 6,150 TSE:7733 26,128 28.08x 5.56x www.olympus-global.com
19 Terumo 5,770 TSE:4543 22,588 39.07x 2.60x www.terumo.co.jp
20 Intuitive Surgical 5,710 NasdaqGS:ISRG 95,552 72.69x 8.30x www.intuitive.com
21 Hologic 5,630 NasdaqGS:HOLX 18,723 15.03x 3.86x www.hologic.com
22 Edwards Lifesciences 5,230 NYSE:EW 47,761 33.76x 7.70x www.edwards.com
23 Smith & Nephew 5,210 LSE:SN. 11,484 22.77x 2.10x www.smith-nephew.com
24 Steris 4,777 NYSE:STE 18,541 NM 3.20x www.steris.com
25 Fujifilm 4,380 TSE:4901 21,485 13.75x 1.1x https://holdings.fujifilm.com
26 Dentsply Sirona 4,250 NasdaqGS:XRAY 6,503 NM 1.80x www.dentsplysirona.com
Shenzhen Mindray
27 4,142 SZSE:300760 57,637 43.05x 13.00x www.mindray.com
Bio‑Medical Electronics
28 Enovis 3,982 NYSE:ENOV 2,931 15.52x 0.86x www.enovis.com
29 Align Technology 3,864 NasdaqGS:ALGN 15,362 30.72x 4.16x www.aligntech.com
30 Andon Health 3,720 SZSE:002432 3,768 1.60x 1.43x www.jiuan.com
31 bioMérieux 3,632 ENXTPA:BIM 12,112 20.89x 3.28x www.biomerieux.com
32 Sonova Holding 3,630 SWX:SOON 15,894 23.68x 7.33x www.sonova.com
33 IDEXX Laboratories 3,340 NasdaqGS:IDXX 35,269 55.37x 74.25x www.idexx.com
34 The Cooper Companies 3,219 NYSE:COO 15,611 37.12x 2.20x www.coopercos.com
35 ResMed 3,190 NYSE:RMD 33,721 43.23x 9.82x www.resmed.com
36 Coloplast 3,185 CPSE:COLO B 25,751 39.30x 21.34x www.coloplast.com
37 QuidelOrtho 3,036 NasdaqGS:QDEL 5,786 5.84x 1.21x www.quidelortho.com
38 Hoya 3
2,925 TSE:7741 37,443 29.66x 6.01x www.hoya.com
39 Sysmex 2,864 TSE:6869 13,107 38.87x 4.58x www.sysmex.co.jp
40 Teleflex 2,795 NYSE:TFX 10,982 27.44x 2.88x www.teleflex.com
41 DexCom 2,793 NasdaqGS:DXCM 44,914 263.38x 24.61x www.dexcom.com
42 Demant 2,700 CPSE:DEMANT 6,361 19.25x 5.57x www.demant.com
43 Getinge (publ) 2,684 OM:GETI B 6,472 24.79x 2.16x www.getinge.com
44 Envista Holdings 2,560 NYSE:NVST 5,563 30.45x 1.41x www.envistaco.com
45 PHC Holdings 2,540 TSE:6523 1,420 NM 1.34x www.phchd.com/jp
46 GN Store Nord 2,471 CPSE:GN 3,202 34.22x 3.00x www.gn.com
47 SD Biosensor 2,436 KOSE:A137310 2,485 2.46x 1.01x www.sdbiosensor.com
48 Straumann Holding 2,360 SWX:STMN 18,456 35.29x 9.78x www.straumann.com
49 Nipro 2,330 TSE:8086 1,215 15.01x 0.75x www.nipro.co.jp
50 Drägerwerk AG & Co. KGaA4 2,170 XTRA:DRW3 803 NM NA www.draeger.com
51 ConvaTec Group 2,075 LSE:CTEC 5,805 69.91x 3.50x www.convatecgroup.com
52 ICU Medical 2,043 NasdaqGS:ICUI 3,819 NM 1.90x www.icumed.com
Shandong Weigao Group
53 1,973 SEHK:1066 6,805 19.19x 2.28x www.weigaogroup.com
Medical Polymer
54 Ansell 1,952 ASX:ANN 2,463 15.59x 1.58x www.ansell.com
55 Carl Zeiss Meditec 1,870 XTRA:AFX 12,491 48.60x 6.68x www.zeiss.de/meditec-ag/home.html
56 Masimo 1,746 NasdaqGS:MASI 7,619 48.73x 6.08x www.masimo.com
57 Integra LifeSciences 1,565 NasdaqGS:IART 4,589 27.01x 2.66x www.integralife.com
58 DiaSorin 1,478 BIT:DIA 7,381 24.52x 4.45x https://diasoringroup.com/en
59 Elekta (publ) 1,473 OM:EKTA B 2,338 29.35x 2.59x www.elekta.com
60 Nihon Kohden 1,451 TSE:6849 1,960 13.58x 1.65x www.nihonkohden.com
61 Winner Medical Co., Ltd. 1,400 SZSE:300888 4,097 20.93x 2.49x www.winnermedical.com
Lepu Medical Technology
62 1,390 SZSE:300003 5,819 24.51x 2.89x https://en.lepumedical.com/
(Beijing) Co., Ltd.
63 Integer Holdings Corporation 1,317 NYSE:ITGR 2,462 36.62x 1.82x www.integer.net
64 Omnicell, Inc. 1,309 NasdaqGS:OMCL 2,304 50.55x 2.03x www.omnicell.com
65 Top Glove Corporation Bhd. 1,265 KLSE:TOPGLOV 1,536 30.00x 1.03x www.topglove.com
Shinva Medical Instrument
66 1,246 SHSE:600587 1,473 19.07x 2.06x www.shinva.com
Co., Ltd.
67 Insulet Corporation 1,243 NasdaqGS:PODD 20,791 NM 48.56x www.insulet.com
Shanghai United Imaging
68 1,199 SHSE:688271 21,834 88.31x 9.15x www.united-imaging.com
Healthcare Co., Ltd.
69 NuVasive, Inc. 1,199 NasdaqGS:NUVA 2,025 NM 2.43x www.nuvasive.com
Wuhan Easy Diagnosis
70 1,187 SZSE:002932 1,454 2.35x 1.79x www.mdeasydiagnosis.com
Biomedicine Co.,Ltd.
71 Embecta Corp. 1,155 NasdaqGS:EMBC 1,904 5.72x NM www.embecta.com
72 Merit Medical Systems, Inc. 1,136 NasdaqGS:MMSI 4,098 68.58x 3.76x www.merit.com
73 Cochlear Limited 1,122 ASX:COH 9,537 48.46x 8.35x www.cochlear.com
74 JEOL Ltd. 1,103 TSE:6951 1,716 14.70x 2.51x www.jeol.co.jp
75 Haemonetics Corporation 1,084 NYSE:HAE 4,317 51.62x 5.92x www.haemonetics.com
76 Abiomed, Inc. 1,074 NasdaqGS:ABMD 17,042 64.71x 11.08x www.abiomed.com
77 CONMED Corporation 1,069 NYSE:CNMD 2,526 NM 3.52x www.conmed.com
78 LivaNova PLC 1,017 NasdaqGS:LIVN 2,964 NM 2.58x www.livanova.com
79 Globus Medical, Inc. 998 NYSE:GMED 7,377 49.77x 4.18x www.globusmedical.com
80 Fukuda Denshi Co., Ltd. 979 TSE:6960 972 7.84x 0.82x https://fukuda.com/
Jiangsu Yuyue Medical
81 951 SZSE:002223 4,897 27.56x 4.01x www.yuyue.com.cn
Equipment & Supply Co., Ltd.
82 ZimVie Inc. 946 NasdaqGS:ZIMV 233 NM 0.32x www.zimvie.com
83 Arjo AB (publ) 942 OM:ARJO B 1,114 21.20x 1.45x www.arjo.com
Fisher & Paykel Healthcare
84 938 NZSE:FPH 8,949 56.29x 9.22x www.fphcare.com
Corporation Limited
85 Access Bio, Inc. 924 KOSDAQ:A950130 329 1.15x 0.64x www.accessbio.net/
86 Varex Imaging Corporation 859 NasdaqGS:VREX 851 28.75x 1.60x www.vareximaging.com
87 Penumbra, Inc. 830 NYSE:PEN 7,957 NM 8.17x www.penumbrainc.com
88 Lantheus Holdings, Inc. 802 NasdaqGM:LNTH 4,273 41.03x 6.69x www.lantheus.com
89 Avanos Medical, Inc. 796 NYSE:AVNS 1,262 29.51x 0.99x https://avanos.com/
90 Tandem Diabetes Care, Inc. 791 NasdaqGM:TNDM 2,704 NM 6.41x www.tandemdiabetes.com
Guangzhou Wondfo Biotech
91 788 SZSE:300482 2,796 15.84x 4.71x www.wondfo.com.cn
Co.,Ltd
92 Invacare Corporation 787 NYSE:IVC 13 NM 0.16x www.invacare.com
93 Guerbet SA 783 ENXTPA:GBT 223 17.10x 0.49x www.guerbet.com
94 Menicon Co., Ltd. 780 TSE:7780 1,660 33.21x 3.07x www.menicon.co.jp
95 Osstem Implant Co., Ltd. 780 KOSDAQ:A048260 1,240 30.45x 5.06x https://en.osstem.com/
96 Hartalega Holdings Berhad 773 KLSE:HARTA 1,288 31.99x 1.18x www.hartalega.com.my
97 Zhende Medical Co., Ltd. 771 SHSE:603301 1,640 17.21x 1.88x www.zhende.com
98 Sansure Biotech Inc. 755 SHSE:688289 2,026 6.94x 1.90x www.sansure.com.cn
Tofflon Science and
99 730 SZSE:300171 2,195 17.57x 3.28x www.tofflon.com
Technology Group Co., Ltd.
100 Össur hf. 715 CPSE:OSSR 1,935 41.72x 3.22x www.ossur.com

*2022 Data 1
Abbot Laboratories figures reflect sales from Medical Devices and Diagnostics divisions only
Revenues are for medical devices and supply segments 2
Siemens figures reflect sales from the Medical Technology division only
1058728084_MDDI23

Market Cap is for whole company 3

Hoya Corp figures reflect sales from lifecare division only
Companies that focus on distribution are excluded 4
Draegerwerk figures reflect sales from medical division only
Sales are most recent available