The medical devices market continued to generate stellar growth in 2020, with the complex needs of patients, coupled with the Covid-19 pandemic, encouraging companies to develop and create new innovative solutions. In 2020, the global medical devices market reached a value of nearly $456.9bn, and is likely to reach an impressive US$612.7bn by 2025. Growth is being powered by a combination of factors, including a rise in the number of healthcare facilities, increasing healthcare expenditure, technological advancements, and an aging population.
Below, we have ranked the leading medical device companies by their 2020 revenue, looking at their medical devices segment results only. The list shows the top 10 biggest medical device companies in the world in 2021: