The 10 Largest Medical Tool Firms Have Profits Ranging from $30B to $11B Annually … Nearly As Large as the Drug Sector.
1) Medtronic – $30B, Pacemakers, Other Cardiac Implants
2) Johnson & Johnson – $27B, Surgical Implants and also Supplies
3) GE – $19B, MRI, CT, Ultrasound Scanners
4) Philips – $16B, MRI, CT, Ultrasound Scanners
5) Siemens – $16B, MRI, CT, Ultrasound Scanners
6) Abbott Labs – $16B, Brain Implants, Cardiac Cath Supplies, Glucometers
7) Cardinal – $13B, Tubes, Surgical Supplies, Durable Medical Equipment
8) Stryker – $12B, Orthopedic Implants
9) BD – $12B, Lab Equipment, Diabetes Supplies
10) Baxter – $11B, Tubes, IV Fluids
** Revenue Amounts are Just Medical Device Annual Revenue, Not Total Company Revenue
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Resources: https://www.mpo-mag.com/issues/2018-07-01/view_features/the-2018-top-30-global-medical-device-companies/, https://www.investopedia.com/articles/markets/021316/how-medtronic-makes-money-mdt.asp, https://www.jnj.com/healthcare-products/medical-devices, https://www.gehealthcare.com/, https://www.usa.philips.com/healthcare, https://www.siemens-healthineers.com/en-us/, https://www.abbott.com/product-list.html, https://www.cardinalhealth.com/en/product-solutions/medical.html, https://www.bd.com/en-ca/products/medical-surgical-systems, https://www.baxter.com/our-products/product-listing
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