In this article, we are going to list the 5 largest medical device companies in the world, published by Insider Monkey recently. Due to the COVID-19 coronavirus pandemic, the whole world has been observing breathlessly the medical companies. We call medical device an instrument, machine or apparatus that is used in diagnosis, prevention, and treatment of illness or disease, or for measuring, restoring, detecting, correcting, or modifying the structure or function of the body for some health purpose.
So what are the biggest medical device companies in the world? We have sorted out two companies from Insider Monkey’s list, as usual. Fresenius Medical Care stands on the fourth spot with having a total revenue of $39.6 billion, market cap of $23.8 billion, and total assets of $75.2 billion. It’s a real mammoth company employing 294,134 people, and is headquartered in Bad Homburg, Germany. Fresenius Medical Care operates in dialysis medical equipment and services, and inpatient and outpatient medical care to hospitals. Fresenius supples around 4,000 dialysis clinics across the globe, and had a significant growth during the COVID-19 pandemic. Actually, the production of acute dialysis machines increased by 230% in response to the pandemic. Johnson & Johnson stands on the third spot, with with having a total revenue of $82.8 billion, market cap of $414.3 billion, and total assets of $155 billion. It’s a real mammoth company employing 130,000 people, and is headquartered in New Jersey, US. The company was launched in 1889, with the idea of manufacturing sterile equipment for wounds, and not it’s not only among the largest healthacare companies, but the one of the most lucrative ones, too. The company is involved in diabetes, orthopedic, cardiovascular, vision care, and surgery. According to Inisder Monkey’s research, “In March 2020, Johnson and Johnson launched a partnership with the US Department of Health and Human Services with an aim to roll out vaccines in January 2021. Johnson and Johnson are in phase 3 of their COVID-19 vaccine candidate, which will assess the safety and efficacy of up to 60,000 participants, including diverse individuals disproportionately affected by COVID-19. ” If you are interested in the entire article, please click and jump to the largest medical device companies in the world.