Medtech Big 100 Archives - Medical Design Sourcing

These 10 medtech companies care a lot about R&D

Of the 100 largest medical device companies, these 10 firms have spent the largest portion of their revenues on research and development.

Each year, Medical Design & Outsourcing compiles a list of the 100 largest medtech companies around the world and ranks them based on annual revenue for the most recently reported fiscal year. We also consider research and development spending because it can indicate where innovation occurs in the industry.

According to this year’s Big 100 analysis, the ranking of the companies that spent the biggest percentage of their revenue on R&D was mixed. While companies with the highest sales spent the most on R&D in previous years, that was not the case this year. Companies that are in the bottom 50 of our Big 100 list dedicated a greater portion of revenue to research.

Only one company on the R&D spenders list was ranked among the top 25 on the Big 100 – Edwards Lifesciences.

Read on to discover t…

September 2023 edition: The Medtech Big 100

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A mixed year for the Medtech Big 100 — and an opportunity to show we care

The results are in from our annual Medtech Big 100 ranking of the largest medical device companies, and while total sales and R&D spending are up, it doesn’t feel right to celebrate.

That’s because our analysis shows a 5% decline in employment across the industry. This is no surprise to anyone who is active on LinkedIn, given this year’s headlines about layoffs and posts from friends and co-workers seeking new opportunities.

It’s not the first time that’s happened. Last year’s analysis captured job cuts due to the COVID-19 pandemic that delayed procedures, snapped supply c…

What are the largest medical device companies?

Medtronic, Johnson & Johnson MedTech and Siemens Healthineers again lead the Medtech Big 100 list of largest medical device companies.

However, there is so much more to Medical Design & Outsourcing and MassDevice‘s 2023 edition of the Medtech Big 100 report. We pulled thousands of data points to provide information on annual revenue, R&D spending, headcount, CEOs and key leaders, headquarters locations and descriptions of each of the 100 largest medical device companies.

Senior Editor Danielle Kirsh’s analysis shows that even as the largest medtech companies engaged in layoffs over the past year, they also made a bet on innovation to boost future growth: R&D spending increased nearly 13% to $26.4 billion. (Read the full story on MDO.)

In addition, the full Medtech Big 100 list includes already completed medtech company spinoffs such as Embecta , GE HealthCare and ZimVie.

Read the full Medtech Big 100 report to find out …

Medtech Big 100 analysis: Sales grow, jobs decrease, R&D spending climbs

Our ranking of the world’s largest medical device companies shows record-high revenue and a double-digit boost in R&D activities.

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…

Untangling medtech CEO pay ratios: Exploring the industry’s corner office compensation dynamics

Major medical device companies are now disclosing how much their median employees make — and comparing it to CEO pay.

Illustration by Morgan Housel via Unsplash

For the first time, we’re ranking medical device CEO pay and comparisons to the wages earned by their employees as part of our Medtech Big 100 report.

The relatively new disclosure of these CEO pay ratios — which show how many times higher a CEO’s total pay is than their median worker’s pay — has shed new light on the medical device industry’s compensation practices.

These figures are rare public data points on pay in an industry where recruiting and retaining top talent is crucial. At the same time, medtech investors are increasingly scrutinizing executive pay. In recent years, companies like Masimo, Henry Schein and Zimmer Biomet faced pushback from shareholders in advisory “say-on-pay” votes on their executive pay packages.

Due to the wiggle room the SEC gives companies in calculating t…

The 10 largest orthopedic device companies in the world

The goal of Stryker’s Mako robotic-arm assisted surgery is to provide more predictable outcomes. [Image courtesy of Stryker]

Two of the world’s largest orthopedic device companies expect accelerated revenue growth this year.

Stryker and Zimmer Biomet both upped their 2023 guidance during recent earnings calls, a sign that orthopedic procedures are bouncing back from the COVID-19 pandemic.

GlobalData predicted earlier this year that the recovery will lift the ortho devices market to nearly $50 billion this year. The question is whether companies can continue the momentum. Stryker and ZB are betting on innovation, building arrays of products and services around their surgical robotics systems and surgical planning and digital health tools.

During Zimmer Biomet’s second-quarter earnings call, CEO Bryan Hanson noted that ZB has 40 planned product launches between this year and the end of 2025, the …