Total sales are up but employment is down in our latest Medtech Big 100 ranking of the world’s largest medical device companies.
Aggregate revenue for the 2023 Medtech Big 100 grew 2.8% to a record-high $453.2 billion, the second straight year of growth after a rare dip in the first year of the COVID-19 pandemic.
More than three-quarters of the companies reported positive sales growth year-over-year, but the industry is still working to return to the type of growth rates it saw before the pandemic.
It’s worth noting that the aggregate revenue comparison year over year with the Big 100 is not perfect. The companies included on the list can vary a bit each year. However, the results were also positive when we compared the performance of the Medtech Big 100 companies in 2022 and early 2023 with their prior-year results, excl…