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The medical products and equipment industry has experienced remarkable growth over the past decade. This industry consists of businesses that sell instruments, devices, or machines used in the prevention, diagnosis, or treatment of disease or ailment. The medical products and equipment industry, in turn, depends on many other industries to maintain its competitive edge, including telecommunications, software development, biotechnology and more. Let’s take a look at the top ten medical product and equipment companies.

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Contents Pin up

• 1. Ten largest medical products and equipment companies

• 2. Dentsply Sirona (>$4 billion)

• 3. Edwards Lifesciences (>$4.3 billion)

• 4. Intuitive surgery (>$4.4 billion)

• 5. Zimmer Biomet Holdings (>$7.9 billion)

• 6. Boston Scientific (>$10.7 billion)

• 7. Baxter International (>$11.3 billion)

• 8. Stryker (>$14.8 billion)

• 9. Becton Dickinson & Co. (>$17.2 billion)

• 10. Danaher (>$20.5 billion)

• 11. Abbott Laboratories (>$31.9 billion)

Ten largest medical products and equipment companies

We used the latest disposable income figures to rank the ten largest medical products and equipment companies. We only used Fortune 1000 companies for our list. Here are the ten largest medical products and equipment companies:

Founded in 1899 and based in Charlotte, North Carolina, this company designs, manufactures, sells and distributes professional dental products and technologies. Dentsply (NASDAQ: XRAY) has the following business segments: Technologies and Equipment and Consumables. Its shares are down more than 8% in the last three months and more than 6% in the last month. Dentsply Sirona reported a net loss of over $80 million in 2021 and a net profit of over $260 million in 2020.

Founded in 1958 and based in Irvine, Calif., this company is dedicated to patient-focused medical innovations related to critical care monitoring and heart disease. Edwards Lifesciences Corp (NYSE: EW) products are classified into three categories: surgical structural heart, critical care and transcatheter heart valves. Its shares are down more than 9% in the last three months and more than 18% in the last month. Edwards Lifesciences reported net income of over $1.5 billion in 2021 and over $800 million in 2020.

Founded in 1995 and based in Sunnyvale, California, this company develops, manufactures and markets da Vinci Surgical Systems and related instruments and accessories for invasive surgery. Intuitive Surgical, Inc. (NASDAQ: ISRG) products include da Vinci and Ion. Its shares are down more than 23% in the last three months and more than 24% in the last month. Intuitive Surgical reported net income of over $1.7 billion in 2021 and over $1 billion in 2020.

Founded in 1927 and based in Warsaw, Indiana, this company offers musculoskeletal health services. Zimmer Biomet Holdings Inc (NYSE: ZBH) has the following geographic segments: Americas and Global, EMEA and Asia Pacific. Its shares are down more than 17% in the last three months and more than 6% in the last month. Zimmer Biomet Holdings reported a net loss of over $130 million in 2021 and a net profit of over $1.10 billion in 2020.

Founded in 1979 and based in Marlborough, Mass., this company is an innovator of medical solutions that help improve patient health. Boston Scientific Corporation (NYSE: BSX) has the following business segments: Rhythm and Neuro, Cardiovascular and MedSurg. Its shares are down nearly 1% in the past three months, but up nearly 19% in the past year. Boston Scientific announced a net loss of more than $80 million in 2021 and a net profit of more than $4.70 billion in 2020.

Founded in 1931 and based in Deerfield, Illinois, this company markets kidney and hospital essential products, such as sterile intravenous solutions, infusion systems and devices, acute and chronic dialysis, etc. Shares of Baxter International Inc (NYSE: BAX) are up nearly 7% in the past three months, but down nearly 2% in the past month. Baxter International reported net income of over $1 billion in 2021.

Founded in 1941 and based in Kalamazoo, Michigan, this company deals in technology products and services. Stryker Corporation (NYSE: SYK) has the following business segments: Orthopedics, MedSurg and Neurotechnology & Spine. Its shares are down more than 7% in the past three months. Stryker reported net income of over $1.90 billion in 2021 and over $1.50 billion in 2020.

Founded in 1897 and based in Franklin Lakes, NJ, this company develops, manufactures and sells medical supplies, devices, laboratory equipment and diagnostic products. Becton Dickinson and Co (NYSE: BDX) has the following business segments: BD Medical, BD Life Sciences and BD Interventional. Its shares are up more than 5% in the past three months and nearly 1% in the past month. Becton Dickinson reported net income of over $2 billion in 2021 and over $800 million in 2020.

Founded in 1969 and based in Washington, DC, this company designs, manufactures and markets medical, commercial, professional and industrial products and services. Danaher Corporation (NYSE: DHR) has the following business segments: life sciences, environmental and applied diagnostics and solutions. Its shares are down more than 9% in the past three months and nearly 11% in the past month. Danaher reported net income of over $6.30 billion in 2021 and over $3.60 billion in 2020.

Founded in 1888 and based in Abbott Park, Illinois, this company discovers, develops, manufactures and sells a line of health care products. Abbott Laboratories (NYSE:ABT) includes the following business segments: diagnostics, medical devices, established pharmaceuticals and nutritional products. Its shares are down nearly 3% in the past three months and nearly 10% in the past month. Abbott reported net income of over $7 billion in 2021 and over $4.40 billion in 2020.

Updated January 31, 2022 at 10:22 a.m.

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