Home Global MedTech TOP100 2023: Showcasing Leading Medical Device Companies with Comprehensive Inclusion of Chinese Enterprises

Global MedTech TOP100 2023: Showcasing Leading Medical Device Companies with Comprehensive Inclusion of Chinese Enterprises

Dec 15, 2023 16:10 CST Updated 16:10
Mindray

Medical Device R&D Manufacturer

Andon Health

Developer and Manufacturer of Health-related Electronic Products and Smart Hardware

WEGO

Medical Device and Pharmaceutical R&D Manufacturer

DaAn Gene

Clinical Laboratory Reagents and Instruments R&D, Production, and Sales

Lepu Medical

Developer and Manufacturer of Cardiac Interventional Medical Devices and Pharmaceuticals

EasyDiagnosis

Developer, Manufacturer, and Seller of In Vitro Diagnostic Reagents and Supporting Instruments

United Imaging

High-end Medical Device Developer

Orient Gene

In Vitro Diagnostic Reagent Developer, Manufacturer, and Distributor

Winner Medical

Service Provider in the Field of Medical Supplies and Doctor Dressings

yuwell

Developer and Manufacturer of Basic Medical Devices

INTCO

Medical Device Consumables R&D, Production, and Marketing Company

Sansure Biotech

Provider of Total Solutions for In Vitro Diagnostics

Guoke Hengtai

Medical Consumables Distributor

MicroPort

High-end Medical Device R&D and Manufacturer

Zhende Medical

Supplier of Medical Care and Protective Products

Wondfo Biotech

In Vitro Diagnostics (IVD) Product Development, Manufacturing, and Sales

Bioperfectus Technologies

Molecular Diagnostics Product Developer

Bluesail Medical

Producers of Medium-Low Value Consumables and High-Value Medical Devices


Against the backdrop of the rapid development of global medical technology, it is crucial to understand the development trends and innovative products of leading companies in the industry. Previously,
More influential overseas rankings (Medtech Big 100, Top 100 Medical Device, Medical Devices 25, etc.), Chinese enterprises have not been fully included in the statistics.Therefore,SiYu MedTechBased on the 2022 financial reports of listed companies in various regions released throughout 2023, the Global MedTech TOP100 list was formulated.

This ListIncluding the world's top-performing medical device companies, with uniqueness and scientificity:

  • Including China's medical device listed companies, comprehensively showcasing China's position and influence in the global medical device industry.
  • Data Sources and Calculation Methods of the Rankings:Calculated based on the revenue in the 2022 financial reports released by various companies prior to October 30, 2023. For some large conglomerates, only the annual revenue of their medical device segments has been included.Ensured the transparency and reliability of the data. (Due to different requirements for listed companies in different regions, the fiscal years may vary slightly; however, the time periods corresponding to these revenues are entirely consistent.)
  • For the definition of medical devices, in China"Regulation on the Supervision and Administration of Medical Devices" as the basis.

Special Note: The Chinese companies on this list include:

Mindray (33rd), Andon Health (40th), WEGO Group (The61Name)、DaAn Gene(The64Name)、Lepu Medical(The66Name)、EasyDiagnosis(The67Name)、United Imaging(The72Name)、Orient Gene(The73Name)、Winner Medical(The81Name)、Jiangsu Yuyue Medical Equipment&Supply Co.,Ltd.(The82Name)、Kehua Bio-Engineering (The84Name)、Xinhua Medical(The85Name)、INTCO(The87Name)、Sansure Biotech(The89Name)、Guoke Hengtai (The90Name)、Anxu Biotech(The91Name)、MicroPort(The92Name)、Zhende Medical(The93Name)、Wondfo Biotech(The95Name)、Hybribio(The96Name)、Bioperfectus Technologies(The97Name)、Bluesail Medical (The100Name)。

According to the 2023 Global MedTech TOP100, medical device companies have the following characteristics:

The income distribution is uneven:10% of the listed companies have revenue exceeding 100 billion,54% below 10 billion, 75% below 40 billion, fully reflecting the attributes of the medical device industry.

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Obvious geographical agglomeration effect:

The United States is home to 40% of the listed companies' headquarters.The maturity of the medical technology market, technological innovation capabilities, and high acceptance of new products have contributed to a vibrant innovation environment.

China follows closely behind, with 17% of the listed companies headquartered there, benefiting from national policy support, growing market demand, and advantages in production and supply chain.

Notably, Switzerland and Denmark, despite being small countries, each have four companies with a high degree of specialization and competitiveness in specific niche markets.

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Strong correlation between product categories and patient groups:By department and type, the fields with the most coverage are cardiovascular, imaging, IVD, and orthopedics. These are the largest subfields in the medical device market.

See the list in the table below.

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Source: Siyu MedTech

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