The merger of the French lens manufacturer Essilor with Italian eyewear maker Luxottica boosted the new EssilorLuxottica into the top 10 of Medical Design & Outsourcing‘s Big 100 list of largest medical device companies in the world.
Overall, consolidation continues to play a major role in shaping the Big 100. The bar is getting lower when it comes to getting on the list, too.
No. 100 on this year’s list was Ra Medical Systems at nearly $6.3 million in annual revenue; the previous Big 100 had EDAP at the bottom of the list with $40.2 million in revenue.
The Big 100 is a team effort. Associate editor Danielle Kirsh compiles the data — examining companies’ annual reports early each year, as soon as the prior year’s financials begin to trickle in. We compile the listings and rank the companies according to annual revenues, then R&D spending and number of employees. Once the numbers are collected, we attempt to contact each of the 100 companies to confirm our findings.
Executive editor Brad Perriello and editor Chris Newmarker wrote the company profiles.