11 Leading Medical Device Companies in 2020
A look into the 11 top medical device companies leading the industry for 2020.Medtech companies specialize in the invention, creation, and production ofmedical devices that can be used in all kinds of different healthcaresettings. The medical device industry is growing at a rapid pace that doesn’tseem like it’s going to be slowing down anytime soon. The growth within thisindustry has mainly occurred because of the increasing amount of the agingpopulation around the world who have chronic diseases. These diseases requirenew treatments that can be used to mitigate symptoms and support the affectedindividuals.This industry is valuable to patients and individuals for a myriad of reasons.All technologies that have been created for healthcare settings are made bymedical device companies. The primary beneficiaries of recent technologicaladvancements include patients who require cardiac monitoring and brainmonitoring. Because of how important the medtech industry has become, more andmore companies are joining the industry with each passing day.For the top medtech companies with enough resources, the factors thatcontribute to their advancements include emerging trends in cloud computing,IoT, AI-based technologies, and blockchain.This article provides detailed looks at 11 of the top medical device companiesthat are leading the industry for 2020.
They have four main areas of focus with the medical devices that they
develop, which include: * Restorative therapies * Cardiac and vascular * Minimally invasive therapies * DiabetesTowards the end of 2018, they acquired Mazer Robotics, which is a toporthopedic device manufacturer. With the over $30 billion in revenues thatthey’ve accumulated in 2018 and 2019, it appears as though Medtronic willcontinue to be in the driver’s seat of the medical device industry.You can contact Medtronic plc by going to their website or by calling them at1 (800) 633-8766.
7. General Electric Company
General Electric Company is a leading life science and healthcare systemcompany that’s primarily known for manufacturing and distributing such modernmedical equipment as healthcare devices, ultrasound devices, and imagingsystems. They also offer a range of medical diagnostics services throughoutthe global market. In 2018 alone, they were able to generate more than $20billion in revenues.You can contact General Electric Company by going to their website or bycalling them at 1 (262) 544-3011.
Global Medical Device Industry Overview 2020
The global medical device industry is one that has been displaying steadygrowth in the previous years and is looking to be even healthier for 2020.Because of the increase in the aging population who have chronic diseases,these industries are needed more than ever.It’s also important to understand that many of these medical device companiesare going to be developing equipment and devices for the fight againstCOVID-19. While sales may drop for some of these companies in 2020 because ofthe scaled back nature of the worldwide economy, the future beyond 2020 islooking bright.In 2018 alone, the 11 leading medical device companies in this articlegenerated more than $185 billion in revenues. You can expect many of thesecompanies to continue their growth in the years to come. In fact, an industryreport by Technavio estimated that the medical device industry would grow byfive percent between 2018-2022. Because of this growth, an increasing numberof startups are being created for this industry.Here at University Lab Partners, we offer a range of useful resources foryounger startups and businesses that have just entered the medical deviceindustry. If you are trying to find your footing and are looking to stick to astrict budget while you grow your company, you should consider renting spaceat our wet-lab incubator. Here, you can obtain affordable office space, labspace, and medical equipment to assist you with your work. If you’reinterested, you can apply at this link.Revised 11/17/2020Top Medical Equipment Manufacturers in the USA
Custom optical components are used extensively in the medical
instrumentation market.Image credit: https://www.jmloptical.com/markets-served/medical-industry/Medical equipment manufacturing is an industry that produces a wide range ofproducts intended for use by physicians, nurses, hospital personnel, medicalresearchers, laboratory technicians, and others in the healthcare field. Inthe realm of medical equipment manufacturers and suppliers, orthopedic,prosthetic, and surgical appliances manufacturers maintain a significantportion of the market, garnering over $92 billion in revenue and employingmore than 300,000 people in 2016. With a compound annual growth rate of nearly5%, the industry is expected to exceed $135 billion by 2024.The following companies represent the top ten manufacturers in this industryaccording to revenue reports:Company Revenues | (Whole Numbers) 2015 or latest year available * —|— 3M Company | $30,108,999,680 Becton Dickinson & Co | $12,483,000,320 Stryker Corporation | $11,324,999,680 Medtronic Vascular Inc | $10,200,000,000 Baxter International Inc | $10,163,000,320 DePuy Synthes Inc | $9,003,500,000 Boston Scientific Corp | $8,385,999,872 Zimmer Biomet Holdings Inc | $7,683,899,904 Ethicon Inc | $5,600,000,000 Dentsply Sirona Inc | $3,745,299,968
Medical Equipment Manufacturers — Summaries and Company Info
3M Company, formerly known as the Minnesota Mining and Manufacturing Company,is headquartered in Maplewood, Minnesota, but also has facilities in 21 statesacross the nation. Founded in 1902, 3M considers themselves a “global sciencecompany that never stops inventing,” and currently the company offers 46technology platforms. While the company is deeply involved in multipleindustries including industrial, safety, electronics and energy, and evenconsumer products, 3M’s healthcare segment serves a wide range of medicalbusinesses including medical clinics, hospitals, pharmaceuticals, dental andorthodontic practitioners, health information systems and food manufacturingand testing. Products include medical and surgical supplies, skin health,infection prevention, inhalation, and transdermal drug delivery systems.Becton, Dickinson & Co. (BD), located in Franklin Lakes, New Jersey, has along, rich history in medical innovation and advancements. Founded in 1897, BDbrings more than a century of experience in medical equipment andmanufacturing in several areas. In fact, the company currently maintains twobusiness segments, BD Medical, and BD Life Sciences. BD Medical is focused onmedical products for diabetes care, pre-fillable drug delivery systems, andinfusion therapy products. Additionally, BD Medical also offers anesthesiasurgical products such as ophthalmic devices, critical care systemsrespiratory ventilation, and diagnostics. BD Lifesciences, on the other hand,focuses on specimen collection systems, molecular testing systems, and othercomplex analyzers.Stryker Corporation started as the Orthopedic Frame Company in 1941 inKalamazoo, Michigan. Today, with more than 33,000 employees and 6500 patents,Stryker is a leading medical technology manufacturer offering orthopedicimplants, powered surgical instruments, and endoscopic systems. Companyproducts, sold in over 100 countries across the world, include knee and hipjoint replacements, surgical instruments and navigation systems, andneurosurgical and neurovascular devices.Medtronic Vascular, Inc. is a division of Medtronic Plc., produces a broadrange of medical devices and therapies to treat various vascular and coronarydiseases. Founded in 1949, Medtronic’s headquarters is located in Minneapolis,Minnesota. However, to date, Medtronic operates in more than 160 countriesworldwide with more than 370 locations. The company manufactures equipmentthat is used to treat nearly 40 different medical conditions.Baxter International officially launched in the 1930s but opened its firstmanufacturing facility in Glenview, Illinois by the end of the decade. Today,with manufacturing facilities in 20 countries worldwide, Baxter offersexpertise in medical devices, pharmaceuticals, and biotechnology. The companyproduces products intended for a variety of ailments including immunedisorders, kidney disease, trauma, and other conditions. Their hospitalproducts segment provides products such as intravenous delivery of fluids anddrugs, while their renal segment provides technology and therapy for kidneydisease and dialysis.DePuy Synthes, Inc., a designer, manufacturer, and distributor of orthopedicjoint reconstruction, neuro & spinal care, and sports medicine devices, is asubsidiary of Johnson & Johnson and one of the largest orthopedics companiesin the world. DePuy Synthes offers a comprehensive portfolio of products forjoint reconstruction, trauma, spine, and sports medicine. Getting their startwith a splint device in 1895 in Warsaw, Indiana, DePuy currently employs about18,000 people in 60 countries and supports almost one million orthopedicprocedures annually.Boston Scientific Corporation offers a wide range of interventional medicalspecialties as a leading manufacturer of medical devices in seven marketsegments, cardiac rhythm management, interventional cardiology,electrophysiology, endoscopy, urology and pelvic health, peripheralinterventions, and neuromodulation. Founded in 1979, Boston Scientificcurrently employs more than 27,000 people in 40 countries with their worldheadquarters located in Marlborough, Massachusetts.Zimmer Biomet Holdings, Inc. was founded in 1927 in Warsaw, Indiana, yet todaythe company has operations in more than 25 countries and markets in more than100 countries worldwide. Zimmer Biomet produces products for orthopedicreconstruction for sports medicine, biologics, trauma, spine and bone healing,as well as dental implants and other surgical products.Ethicon, Inc. is also a subsidiary of Johnson & Johnson with a productionfocus on biosurgical products such as hemostatic solutions, endoscopy devices,wound care products, as well as, bariatric and gastric bypass bands and herniarepair solutions. In fact, the company has been producing surgical suturessince 1887, although it would be officially incorporated under Johnson &Johnson in 1949.Dentsply Sirona, Inc., a manufacturer of dental products and technology roundsout this list of top medical producers in the United States. The companyprovides a broad range of dental instruments and devices includingorthodontics, endodontics, implants, prosthetics, instruments, and imagingsystems. Founded in 1899 in New York City, today Dentsply Sirona hasapproximately 15,000 employees and operates in more than 40 countriesworldwide.
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Top Textile Manufacturing Companies in the USAThe U.S. textile industry is a nearly $70 billion sector when measured by thevalue of industry shipments. It remains one of the biggest parts of themanufacturing industry and is one of the largest markets in the world byexport value: $23 billion in 2018. A textile is a flexible material made up ofa network of natural or artificial fibers such as yarn or thread. Spinning rawfibers of wool, flax, cotton, hemp, or other materials produces long strandsof yarn. Textiles are formed by weaving, knitting, crocheting, felting,tatting, or braiding.In textile assembly trades such as tailoring or dressmaking, the related words“fabric” and “cloth” and “material” are frequently used as synonyms fortextiles. But there are minor differences between these terms. A textile is amaterial made of interlacing fibers, including carpeting and geotextiles.Fabric is a type of textile that is specifically made through weaving,knitting, spreading, crocheting, felting, stitching, or bonding that may beused in the production of further goods such as clothing. The word “cloth” isoften used synonymously with fabric but is a piece of fabric that has beenfurther processed.
Top Textile Manufacturers in the USA
This table contains information on the top textile manufacturers on Thomasnet,ranked by annual estimated sales revenue. Additional details on each company’sheadquarters location are also included, as well as summaries of companyactivities below|Company|Headquarters|Annual Est. Revenue —|—|—|— 1.|Saint Gobain Tape Solutions|Hoosick Falls, NY|$47.7 Billion 2.|Trelleborg Engineered Coated Fabrics|Rutherfordton, NC|$4 Billion 3.|Albany International Corp.|Rochester, NH|$1.05 Billion 4.|Unifi, Inc.|Yadkinville, NC|$708.8 Million 5.|InPro Corporation|Muskego, WI|$146.1 Million 6.|Dunmore Corp.|Bristol, PA|$70 Million 7.|Fabrico|Rochester, NY|$65 Million 8.|Tex Tech Industries|North Monmouth, ME|$62.94 Million 9.|Bally Ribbon Mills|Bally, PA|$55 Million 10.|Aurora Specialty Textiles Group, Inc.|Yorkville, IL|$50 Million Information from Thomasnet.com, Dun & Bradstreet, and company websites.
Saint Gobain Tape Solutions was founded in 1665. The company manufacturestextiles such as standard and custom cut-resistant PTFE fiberglass fabric,serving the aircraft, petrochemical, composite bonding, communications,construction, electrical, electronics, food processing, construction, andgeneral plastic processing industries. They are headquartered in HoosickFalls, New York.Trelleborg Engineered Coated Fabrics is a manufacturer of textiles such asengineered coated fabrics. The coatings include acrylic, ethylene acrylic,urethane, polyethylene, chloroprene, and ethylene-propylene terpolymer. Theyare headquartered in Rutherfordton, North Carolina, and were founded in 1905.Albany International Corp. is headquartered in Rochester, New Hampshire, andis a global advanced textiles and material processing company. They makemachine clothing, paper machine clothing, and engineered fabrics. It wasfounded in 1895.Unifi, Inc. was founded in 1971. The company manufactures textiles such asmultifilament polyester and nylon yarns and allied raw materials. It is basedin Yadkinville, North Carolina.InPro Corporation is based in Muskego, Wisconson. The company was founded in1982 and is a manufacturer and distributor of textiles such as woven fabrics.Dunmore Corp. manufactures textiles such as standard and custom fabric. Basedin Bristol, Pennsylvania, the company serves the aerospace, automotive,aircraft, medical, lighting, and insulation industries. It was founded in1970.Fabrico is headquartered in Rochester, New York. Founded in 1977, the companycustom manufactures textiles for the medical market. The materials they workwith include cotton, aramid mat, and silicone-coated fabrics.Tex Tech Industries manufactures engineered products such as fire-blocking andtechnical textiles for industrial applications. The company was founded in1904 and is headquartered in North Monmouth, Maine.Bally Ribbon Mills was founded in 1923 in Bally, Pennsylvania. The companymanufactures textiles such as woven narrow fabrics, specializing in broadclothand woven structures for different industries, including medical.Aurora Specialty Textiles Group, Inc. manufactures and distributes printabletextile cloth and fabrics. Types include dye sublimation, solvent, UV cure,and latex. They were founded in 1883 in Yorkville, Illinois.
Top Diversity-Owned Textile Manufacturers the USA
This table contains information on the top diversity-owned textilemanufacturers on Thomasnet, ranked by annual estimated revenue. Additionaldetails on each company’s headquarters location are also included, as well assummaries of company activities below|Company|Headquarters|Annual Est. Revenue —|—|—|— 1.|Fabric Development, Inc.|Quakertown, PA|$35 Million 2.|Carolina Narrow Fabric Co.|Winston Salem, NC|$24.95 Million 3.|Ehmke Manufacturing Co., Inc.|Philidelphia, PA|$18.04 Million 4.|Plastatech Engineering Ltd.|Saginaw, MI|$15.19 Million 5.|Carolina Glove Co.|Conover, NC|$10 Million 6.|Emtech|Sterling Heights, MI|$9.22 Million 7.|Flock Tex, Inc.|Woonsocket, RI|$6.31 Million 8.|Gary Manufacturing, Inc.|National City, CA|$5.61 Million 9.|Commercial Bag & Supply Co.|Des Moines, IA|$4.41 Million 10.|Draper Knitting Co., Inc.|Canton, MA|$4.37 Million Information from Thomasnet.com, Dun & Bradstreet, and company websites.
Fabric Development, Inc. manufactures textiles, including industrial andmarine types. Their industrial textiles include ducting, brake linings,insulation, and friction material for automotive transmissions. They are basedin Quakertown, Pennsylvania, and were founded in 1971.Carolina Narrow Fabric Co. is headquartered in Winston Salem, North Carolina.The company manufactures textiles such as fabrics, tapes, and coatings.Founded in 1929, it serves the electrical, medical, automotive, aerospace,marine, industrial, military, and liquid/gas transport sectors.Ehmke Manufacturing Co., Inc. was founded in 1929. They manufacture a range oftextiles for the defense industry and other industrial applications. They arebased in Philadelphia, Pennsylvania.Plastatech Engineering Ltd. manufactures weft-inserted textiles. Headquarteredin Saginaw, Michigan, their products also include calendered PVC films,laminated vinyl fabrics, and reinforced and non-reinforced geo-membranes. Theywere founded in 1987.Caroline Glove Co. was founded in 1946. Headquartered in Conover, NorthCarolina, they manufacture textiles, cotton knits, and woven fabrics. Theyoffer custom napping, flame retardant treatment, pad dyeing, sanitizing,softening, and stiffening services.Emtech is based in Sterling Heights, Michigan. The company manufactures anddistributes thermal rope, tape, textiles, yarn, and insulation and weldingscreens. It was founded in 1998.Flock Tex, Inc. manufactures flocked materials, including textiles. Theircapabilities include dyeing, cutting, finishing, designing, specialtyengineering, coating, embossing, printing, and color matching on a widevariety of substrates. They are based in Woonsocket, Rhode Island, and werefounded in 1965.Gary Manufacturing, Inc. is headquartered in National City, California. Thecompany was founded in 1958 and is a manufacturer of standard and custom drapeand fitted style fabric tablecloths made from PVC, polyester poplin, andpolyester satin.Commercial Bag & Supply Co. was founded in 1940. They manufacture anddistribute textiles. Based in Des Moines, Iowa, their products include burlap,canvas, woven polypropylene, mesh, cotton, wire ties, aprons, cloth, sandbags,and wool.Draper Knitting Co., Inc. manufactures textiles such as custom conventionalcircular knitted fabrics, stitch-bonded non-wovens, and high pile sliver knitfabrics. They are based in Canton, Massachusettes, and were founded in 1856.
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Top 10 Cardiological Medical Technology CompaniesNumerical Values are in % https://www.statista.com/statistics/331725/top-global-companies-by-cardiology-medtech-market-share/Medtronic :Website: http://www.medtronic.com/us-en/index.html?intcmp=mdt_com_country_selector_dropdown_atlasr22016Description: Started as a medical device company, Medtronic Public LimitedCompany, is headquartered in Dublin, Ireland. Fridley, Minnesota are itsoperational headquarters. As per below Bar graph, Medtronic holds the highestshares in the market to be called as world’s leading medical equipment’sdevelopment company.At the time of its acquisition of Covidien in 2015, about $100 billion was itsmarket capitalization. Medtronic operates in more than 140 countries. 85,000people are employed by this company and has more than 53,000 patents.Abbott Laboratories:Website: http://www.abbott.com/Description: Headquartered in Lake Bluff, Illinois, United States , AbbottLaboratories is a multinational health care company. The company was foundedto formulate known drugs by Chicago physician Wallace Calvin Abbott in 1888;later on eventually grew to sell research-based medical devices, nutritionalproducts and drugs.Boston Scientific :Website: https://www.bostonscientific.com/en-US/Home.htmlDescription: One of the marketer of medical devices is the Boston ScientificCorporation (Boston Scientific) which is a worldwide developer, manufacturerand whose products are used in a range of interventional medical specialties,including interventional cardiology, interventional radiology, peripheralinterventions, neuromodulation, neurovascular intervention, oncology,electrophysiology, gynaecology, cardiac surgery, vascular surgery, endoscopyand urology.Edwards Lifesciences:Website: https://www.edwards.com/Description: Edwards Lifesciences is the 4th highest market share holderAmerican medical equipment company which specializes in hemodynamic monitoringand artificial heart valves. It is mostly known for a trans catheter aorticheart valve made of bovine tissue within a collapsible stainless-steel stent,deployed via catheter. An FDA-approved and verified device for percutaneousaortic valve replacement is their SAPIEN product.Terumo:Website: http://www.terumomedical.com/ Description: In the year 1921 Terumo Corporation was founded by a group ofmedical scientists led by Dr. Kitasato Shibasaburō to produce and developmedical thermometers in Japan.“Jintan Taionkei” was the company’s first product which was made available forsale, and it has since expanded into a medical devices manufacturer, producingcardiovascular systems, diabetes care products and medical disposables.Johnson & Johnson :Website: https://www.jnj.com/Description: Founded in 1886 Johnson & Johnson is an American multinationalpharmaceutical, medical devices and consumer packaged goods manufacturingcompany. This company is listed in the Fortune 500 list.Headquartered in New Brunswick, New Jersey, Johnson & Johnson operates itsconsumer division in Skillman, New Jersey.W. L. Gore & Associates:Website: https://www.gore.com/ Description: The company specializes in products derived from fluoropolymers.Headquartered in Newark, Delaware, the company is headed privately. One of theknown products manufactured by this company is the waterproof, breathableGore-Texfabrics.Lepu Medical Technology :Website: http://en.lepumedical.com/ Description: The company was established in 1999. The company specializes indeveloping, marketing the high-tech medical devices and manufacturingequipment’s. As of September 2017 Lepu Medical is one of the leading groupcompany in the fields of cardiovascular interventions, cardiac rhythmmanagement, critical care, structural heart diseases and anesthesia.Asahi Kasei :Website: http://www.asahi-kasei.co.jp/asahi/en/Description: Asahi Kasei Corporation was established as a global Japanesechemical company. Its main products are materials science and chemicals.Founded in 1931, the company is headquartered in Tokyo, with offices andplants across China, Singapore, Thailand, U.S.A. and Germany as well.Getinge :Website: https://www.getinge.com/int/Description: Established in 1904 in Sweden, Getinge is a global medicaltechnology company. The company manufactures and provides equipment’s forhealthcare services. The company was formerly organised in three businessareas: Medical Systems (Maquet, the world’s largest maker of surgical tables),Extended Care (ArjoHuntleigh) and Infection Control (trading as Getinge), buton March 20, 2017 all the three were incorporated under on brand name Getinge.