2015 BIG 100

big-100-altWelcome back to the Big 100, our annual look at the largest players in medical devices. Once again we’ve scoured the financial filings and annual reports of hundreds of companies dating back to the start of 2014.

Some notes on how we put this report together: For the Big 100 rankings, we looked at either calendar 2014 or the company’s most recently concluded fiscal year. We gleaned our information from our internal archives; corporate documents and public regulatory filings; and information from the companies’ websites.

To account for the diversified conglomerates that play in the medtech space, such as Johnson & Johnson, we did ourbrad-p-medtech-big-100 best to isolate the revenues from their medical technology segments (e.g., J&J’s medical device & diagnostics business).
For companies based outside the U.S. that report their numbers in other currencies, we used the 2014 exchange rates established by the U.S. Federal Reserve to convert the figures into U.S. dollars. And finally, a pair of companies that would normally have made the list – Toshiba and Hanger Orthopedics – were left out because, as of press time, they had yet to file their annual reports for their most recent fiscal years.

RANK COMPANY 2015 Revenues 2015 R&D Spend Employees
1 Johnson & Johnson $27,522,000,000 $1,652,000,000 126,500
2 Medtronic $20,261,000,000 $1,640,000,000 92,000
3 GE Healthcare $18,299,000,000 $5,273,000,000 51,000
4 Siemens Healthcare $16,526,841,300 $5,405,230,500 43,000
5 Philips Healthcare $12,214,624,200 $2,174,059,500 37,000
6 Cardinal Health $11,400,000,000 $0 34,500
7 Alcon $10,827,000,000 $9,030,000,000 100,000
8 Baxter International $9,972,000,000 $1,421,000 66,000
9 Stryker Corp $9,675,000,000 $614,000,000 26,000
10 Fujifilm Holdings $9,017,788,916 $1,523,964,441 79,235
11 Essilor International $7,539,399,000 $249,983,600 58,032
12 Boston Scientific $7,380,000,000 $817,000,000 24,000
13 B. Braun Melsungen $7,219,739,120 $290,672,420 54,017
14 Danaher $7,185,700,000 $507,000,000 71,000
15 Fresenius Medical Care $6,842,636,200 $485,340,500 32,899
16 St. Jude Medical $5,622,000,000 $692,000,000 16,000
17 3M Co. $5,572,000,000 $1,770,000,000 89,800
18 Zimmer-Biomet $4,673,300,000 $188,300,000 10,000
19 Olympus Corp $4,655,759,410 $631,700,397 30,702
20 Terumo $4,629,336,107 $278,040,477 19,934
21 Smith and Nephew $4,617,000,000 $235,000,000 13,468
22 Hospira $4,463,700,000 $344,300,000 19,000
23 Grifols $4,461,654,105 $240,347,264 13,980
24 Getinge Group $3,888,969,902 $3,937,238 15,639
25 Cerner $3,402,703,000 $392,805,000 15,800
26 C.R. Bard $3,323,600,000 $302,000,000 13,900
27 Hitachi $3,195,574,050 $3,172,876,868 5,700
28 Bayer $3,138,092,000 $3,059,639,700 60,700
29 McKesson $3,069,000,000 $392,000,000 70,400
30 Varian Medical Systems $3,049,800,000 $234,800,000 6,800
31 Dentsply International $2,922,620,000 $80,800,000 11,600
32 Hoya $2,900,066,200 $175,250,615 36,605
33 Ship Healthcare Holdings Inc. $2,584,896,917 $0 7,600
34 Hologic $2,530,700,000 $203,200,000 5,351
35 Paul Hartmann Group $2,475,901,400 $0 10,216
36 Edwards Lifesciences $2,322,900,000 $346,500,000 9,100
37 Becton, Dickinson and Co $2,307,000,000 $550,000,000 30,619
38 BioMerieux $2,257,830,600 $26,594,000 8,935
39 Nipro $2,248,694,912 $81,766,597 2,831
40 Coloplast $2,213,317,661 $69,455,575 9,250
41 Bio-Rad $2,175,044,000 $220,333,000 7,600
42 Intuitive Surgical $2,131,700,000 $178,000,000 2,978
43 Draegerwerk $2,108,106,380 $201,715,490 7,458
44 Waters $1,989,344,000 $107,726,000 6,200
45 Abbott Laboratories $1,958,000,000 $1,345,000,000 77,000
46 Miraca Holdings $1,935,568,375 $51,068,659 6,104
47 Acelity $1,866,339,000 $69,321,000 5,740
48 Sonova Holding $1,861,505,970 $119,731,486 10,184
49 Steris $1,850,263,000 $54,139,000 7,600
50 Teleflex $1,839,832,000 $61,040,000 11,700
51 ConvaTec $1,735,500,000 $37,200,000 9,000
52 The Cooper Cos. $1,717,776,000 $66,259,000 9,000
53 Hill-Rom Holdings $1,686,100,000 $71,900,000 7,325
54 ResMed $1,678,912,000 $114,865,000 4,100
55 Halyard Health $1,672,100,000 $33,600,000 12,000
56 Bruker $1,571,900,000 $174,200,000 6,200
57 Elekta $1,559,437,704 $126,283,248 3,800
58 Nihon Kohden $1,520,739,550 $54,340,836 4,616
59 William Demant Holding $1,490,801,589 $121,102,028 9,799
60 IDEXX Labs $1,485,807,000 $98,263,000 6,000
61 Agfa-Gevaert $1,421,449,300 $128,980,900 4,621
62 Smiths Medical $1,325,313,600 $192,862,800 7,850
63 Mindray Medical $1,322,814,000 $146,997,000 8,300
64 Invacare $1,270,163,000 $23,149,000 5,200
65 DJO Global $1,229,166,000 $37,742,000 4,940
66 Nikkiso $1,222,385,096 $0 6,389
67 Carl Zeiss Meditec $1,209,036,374 $75,017,673 2,972
68 Sirona Dental Systems $1,171,100,000 $64,600,000 3,327
69 Ottobock $1,025,730,580 $74,463,200 6,309
70 Fukuda Denshi $1,023,917,155 $0 2,949
71 LivaNova (formerly Sorin/Cyberonics) $993,152,930 $106,774,910 3,815
72 Omron $951,390,202 $453,120,862 4,955
73 Integra Lifesciences $928,305,000 $51,596,000 3,400
74 Cochlear Ltd. $925,630,000 $127,985,000 2,632
75 Haemonetics $910,373,000 $54,187,000 3,383
76 Kawanishi Holdings $893,843,389 $0 1,082
77 GN Store Nord $795,889,655 $110,950,829 4,075
78 NuVasive $762,415,000 $37,986,000 1,500
79 Align Technology $761,653,000 $52,799,000 3,580
80 Konica Minolta Holdings $742,386,987 $40,344,241 40,000
81 Conmed $740,055,000 $27,779,000 3,500
82 Greatbatch $687,787,000 $49,845,000 3,690
83 Welch Allyn $683,772,000 $49,787,000 2,600
84 Amplifon $670,024,066 $0 5,789
85 Straumann $649,711,410 $32,485,571 2,387
86 Masimo $586,643,000 $56,581,000 2,400
87 Fisher and Paykel $558,882,990 $54,034,500 2,000
88 JMS Co. $523,936,070 $11,490,448 6,955
89 Analogic $517,500,000 $73,800,000 1,700
90 Merit Medical Systems $509,689,000 $36,632,000 3,105
91 Össur $509,000,000 $19,428,000 2,300
92 Cantel Medical $488,749,000 $10,813,000 1,534
93 Thoratec $477,560,000 $105,475,000 1,048
94 Orthofix International $402,277,000 $24,994,000 922
95 Symmetry Medical/Tecomet $399,992,000 $4,572,000 2,560
96 Topcon $390,013,240 $101,191,602 3,977
97 Accuray $369,419,000 $53,724,000 1,026
98 Natus $355,834,000 $31,788,000 948
99 ICU Medical $309,260,000 $18,332,000 2,280
100 NxStage Medical $301,501,000 $22,635,000 3,400
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