Ten Chinese Medical Device Companies Make It into the 2025 Global MedTech Top 100
Mindray
Medical Device R&D Manufacturer
United Imaging
High-end Medical Device Developer
BGI
Scientific and Technological Service Provider and Precision Medical Service Operator
Medtronic
Medical Device Manufacturer
Source | Instrument Family
"Medtech Insight" has recently released the 2023-2024 Global Top 100 Medical Technology Companies list, and simultaneously announcedCardiovascular, Orthopedics, In Vitro Diagnostics and Imaging TechnologyLeaders in four major fields.
Domestic Enterprises Accelerate Rise
MindrayAs the industry leader,Its ranking jumped from 26th in 2023 to 23rd in 2024, further closing in on the top 20 globally.；United ImagingRanked the fastest riser,Rose from 67th place in 2023 to 57th place, improving by 10 positions.。
In 2024, a total of 10 Chinese enterprises made it to the top 100 list, three more than in 2023.Among themAutobio Diagnostics Co., Ltd., BGIBGI and New IndustriesEven moreFirst-time Entry，Rank respectivelyThe 94th, 96th, and 98th positions。
Note: The numbers in parentheses in the ranking change column represent the 2023 rankings, while the 2024 rankings are the numbers without parentheses.
International Giants Still Lead the Way
MedtronicBack to the top in 2024,Johnson & Johnson Medical TechnologiesFollowing closely.The leading positions of these two companies in the global medical device market have been reaffirmed.Siemens HealthineersMaintain 4th Place.StrykerRose from the 7th to the 5th position.
In 2024, the medical device industry has entered an unprecedented "winter" period, facing multiple challenges and pressures. As a result, the annual ranking also shows that M&A activities decreased in 2023. However, the entry threshold broke through the US$5 billion mark for the first time, setting a new historical high, which fully demonstrates that the industry is still developing rapidly and competition is intensifying despite the downturn.
In recent yearsCompanies in the in vitro diagnostics field have been significantly impacted.Industry GiantAbbottDropped from the first place in 2023 to the third place,RocheThe drop from sixth to tenth place is a clear manifestation of this trend.
Overall, the top 100 global medical device companies list once again demonstrates the leading position and strong strength of international giants in the global medical device market. At the same time, it also showcases the potential and competitiveness of Chinese medical device companies in the global market.。
Appendix: Full List of the Top 100
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