UPDATE: The 2026 Medtech Big 100 is now available here.
Each year, Medical Design & Outsourcing takes a deep look at the world’s 100 largest medical device companies. This year, however, we’ve taken our Medtech Big 100 project a step further, creating a special report with more charts, more stories, and more insights.
One of the most significant pieces of news in the latest edition of the Big 100 is what will likely happen next year: a change at the top of the list. With Medtronic planning to separate out its $2.8-billion-a-year diabetes tech business, Johnson & Johnson MedTech appears set to surpass it as the world’s largest medical device company.
This is just a sampling of the insights to be gained from this year’s Medtech Big 100, which collects thousands of data points to rank and analyze the largest public and private medical device companies in the world. These figures include annual revenue, R&D spending, headcount, CEOs and key leaders, headquarters locations, and more.
Here are the 100 largest medical device companies in the world, ranked by annual revenue, and displaying their prior-year rank (that previous ranking is blank for companies that were not on last year’s list). Scroll below the chart to complete a few fields and download a free PDF of our Medtech Big 100 Special Report.
You can also watch an on-demand replay of our Medtech Big 100 webinar with MDO’s editors discussing the companies making big moves on our list and key industry trends we’ve identified, and read the Medtech Big 100 issue of MDO here.
| 2025 Rank | 2024 Rank | Company | Revenue |
|---|---|---|---|
| 1 | 1 | Medtronic | 33,537,000,000.00 |
| 2 | 2 | Johnson & Johnson MedTech | 31,857,000,000.00 |
| 3 | 4 | Medline Industries | 25,500,000,000.00 |
| 4 | 3 | Siemens Healthineers | 24,152,040,000.00 |
| 5 | 5 | Stryker | 22,595,000,000.00 |
| 6 | 7 | GE HealthCare | 19,672,000,000.00 |
| 7 | 6 | Royal Philips | 19,462,680,000.00 |
| 8 | 8 | Abbott (medical device segment) | 18,986,000,000.00 |
| 9 | 11 | Boston Scientific | 16,747,000,000.00 |
| 10 | 12 | BD (medical and interventional segments) | 15,054,000,000.00 |
| 11 | 13 | Henry Schein | 12,673,000,000.00 |
| 12 | 9 | Cardinal Health (medical segment) | 12,381,000,000.00 |
| 13 | 14 | Owens & Minor | 10,700,883,000.00 |
| 14 | 10 | Baxter | 10,636,000,000.00 |
| 15 | 15 | B. Braun | 9,867,864,960.00 |
| 16 | 16 | Alcon | 9,836,000,000.00 |
| 17 | 19 | Intuitive Surgical | 8,352,100,000.00 |
| 18 | 18 | Zimmer Biomet | 7,678,600,000.00 |
| 19 | 22 | Terumo | 6,841,440,136.00 |
| 20 | 20 | Fujifilm Holdings (healthcare segment) | 6,751,836,022.00 |
| 21 | 21 | Olympus | 6,585,001,099.00 |
| 22 | 24 | Smith+Nephew | 5,810,000,000.00 |
| 23 | 25 | Steris | 5,459,515,000.00 |
| 24 | 23 | Edwards Lifesciences | 5,439,500,000.00 |
| 25 | 27 | Mindray | 5,103,846,742.00 |
| 26 | 28 | ResMed | 4,685,297,000.00 |
| 27 | 17 | Solventum (MedSurg segment) | 4,637,000,000.00 |
| 28 | 26 | Fresenius Medical Care (healthcare products) | 4,590,563,760.00 |
| 29 | 29 | Sonova | 4,388,510,445.00 |
| 30 | 35 | Dexcom | 4,033,000,000.00 |
| 31 | 30 | Hologic | 4,030,300,000.00 |
| 32 | 33 | Align Technology | 3,999,012,000.00 |
| 33 | 37 | Coloplast | 3,919,947,792.00 |
| 34 | 36 | Cooper Cos. | 3,895,400,000.00 |
| 35 | 31 | Dentsply Sirona | 3,793,000,000.00 |
| 36 | 32 | Canon Medical | 3,755,621,303.00 |
| 37 | 34 | Hoya (life care segment) | 3,637,460,871.00 |
| 38 | 42 | Bruker | 3,366,400,000.00 |
| 39 | 38 | Nipro (medical segment) | 3,334,783,708.00 |
| 40 | 40 | Getinge | 3,287,089,574.00 |
| 41 | 41 | Teleflex | 3,047,324,000.00 |
| 42 | 44 | WS Audiology | 2,847,960,000.00 |
| 43 | Straumann | 2,842,756,585.00 | |
| 44 | 43 | Carl Zeiss (medical technology segment) | 2,819,880,000.00 |
| 45 | 47 | Amplifon | 2,601,936,000.00 |
| 46 | 46 | Paul Hartmann | 2,592,000,000.00 |
| 47 | 59 | Globus Medical | 2,519,355,000.00 |
| 48 | 45 | Envista | 2,510,600,000.00 |
| 49 | 48 | Cook Medical | 2,400,000,000.00 |
| 50 | 49 | ICU Medical | 2,382,046,000.00 |
| 51 | 51 | Convatec | 2,289,000,000.00 |
| 52 | 55 | Enovis | 2,107,600,000.00 |
| 53 | 53 | Masimo | 2,094,400,000.00 |
| 54 | 56 | Insulet | 2,071,600,000.00 |
| 55 | 52 | Dräger (medical division) | 2,051,676,000.00 |
| 56 | 57 | Integer | 1,716,596,000.00 |
| 57 | 54 | Elekta | 1,703,737,328.00 |
| 58 | 60 | Integra LifeSciences | 1,610,527,000.00 |
| 59 | 62 | Cochlear | 1,489,602,600.00 |
| 60 | 58 | Nihon Kohden | 1,488,388,307.00 |
| 61 | 39 | Demant (hearing aids segment) | 1,453,411,645.00 |
| 62 | 61 | Haemonetics | 1,360,824,000.00 |
| 63 | 63 | Merit Medical Systems | 1,356,514,000.00 |
| 64 | 64 | Conmed | 1,307,015,000.00 |
| 65 | 65 | LivaNova | 1,253,437,000.00 |
| 66 | 67 | Fisher & Paykel Healthcare | 1,222,705,000.00 |
| 67 | 69 | Penumbra | 1,194,615,000.00 |
| 68 | 66 | Embecta | 1,123,100,000.00 |
| 69 | Arjo | 1,050,000,000.00 | |
| 70 | 73 | MicroPort | 1,031,063,000.00 |
| 71 | 72 | GN Hearing | 1,030,237,111.00 |
| 72 | 68 | Omron Healthcare | 963,321,803.00 |
| 73 | 77 | Tandem Diabetes Care | 940,203,000.00 |
| 74 | 70 | Fukuda Denshi | 917,809,964.00 |
| 75 | 75 | Cordis | 900,000,000.00 |
| 76 | 74 | Applied Medical Resources | 875,000,000.00 |
| 77 | 76 | Embla Medical (formerly known as Össur) | 855,000,000.00 |
| 78 | 82 | Inspire Medical Systems | 802,804,000.00 |
| 79 | 78 | Orthofix | 799,491,000.00 |
| 80 | 80 | Ambu | 781,814,226.00 |
| 81 | 81 | Avanos Medical | 687,800,000.00 |
| 82 | 85 | Medacta | 637,848,000.00 |
| 83 | 84 | Asahi Intecc (medical field segment) | 631,566,715.00 |
| 84 | 90 | Alphatec | 611,562,000.00 |
| 85 | 87 | Novocure | 605,220,000.00 |
| 86 | 89 | iRhythm | 591,839,000.00 |
| 87 | 86 | Topcon (eye care business) | 556,673,232.00 |
| 88 | 83 | Nikkiso (medical segment) | 549,898,947.00 |
| 89 | 98 | AtriCure | 465,307,000.00 |
| 90 | 91 | JMS Co. | 460,525,925.00 |
| 91 | 93 | ZimVie | 449,749,000.00 |
| 92 | 95 | Accuray | 446,551,000.00 |
| 93 | TransMedics | 441,540,000.00 | |
| 94 | 96 | Nevro (acquired by Globus Medical in April 2025) | 408,518,000.00 |
| 95 | 100 | Artivion | 388,537,000.00 |
| 96 | Glaukos | 383,481,000.00 | |
| 97 | 97 | Highridge Medical | 325,000,000.00 |
| 98 | Barco (healthcare division) | 295,056,000.00 | |
| 99 | OrthoPediatrics | 204,727,000.00 | |
| 100 | Si-Bone | 167,178,000.00 |
"*" indicates required fields
By clicking 'Submit' above and registering for this content, I acknowledge and agree to Arrowfly's Terms and Conditions and to Arrowfly's use of my contact information to communicate with me about offerings by Arrowfly, its brands, affiliates and/or third-party partners, consistent with Arrowfly's Privacy Policy. In addition, I understand that my personal information may be shared with any sponsor(s) of the content, and that they may contact me directly about their products or services. Please refer to the privacy policies of such sponsor(s) for more details on how your information will be used by them.