Top Medical Device Companies in the World ranked by sales revenue for 2026
By: Donagh Fitzgerald B.Prod Eng and Claire Wilson BSc. Last Updated: Jun 2026
Here is a list of the top 15 world’s largest medical device and medtech companies based on 2025 sales revenue.
Note: For the purpose of ranking, revenues outside of the medical device, medtech and diagnostics sectors were excluded. For example:
- Danaher Corp’s life science and biotechnology sales
- Philips’s personal care sales
- Abbott’s nutritionals and pharmaceutical sales
- etc
For companies reporting in currencies other than USD, conversion to U.S. dollars is based on the exchange rate as of June 11, 2026.
1. Medtronic (US) – $36.4 billion
2. J&J (US) – $33.80 billion
3. Abbott Laboratories (US) – $30.3 billion
4. Medline Industries (US) – $28.4 billion
5. Siemens Healthineers (Germany) – $27.0 billion
6. Stryker (US) – $25.1 billion
7. Becton Dickinson (US) – $21.8 billion
8. GE Healthcare (US) – $20.6 billion
9. Philips (Netherlands) – $20.5 billion
10. Boston Scientific (US) – $20.1 billion
11. Roche (Switzerland) – $17.3 billion
12. B. Braun (Germany) – $11.3 billion
13. Baxter (US) – $11.2 billion
14. Danaher (US) – $10.2 billion
15. Fresenius (Germany) – $9.9 billion
15. Fresenius SE & Co (Germany)
2025 (Fresenius Kabi): $9,90 billion (€8.54 billion)
2024 (Fresenius Kabi): $9,79 billion (€8.41 billion)
2023 (Fresenius Kabi): $8.62 billion (€8.09 billion)
2024 total revenue: $24.86 billion (€21.52 billion)
Number of employees (Fresenius Kabi): 41,580
Fresenius SE & Co has its corporate headquarters is in Bad Homburg v. d. Höhe, Germany and presently has 45 production sites in more than 20 countries around the world and is a supplier of essential drugs, clinical nutrition products, and medical devices. Note: we have only included revenue from Fresenius Kabi and have excluded revenue from Fresenius Helios and Fresenius Vamed.
14. Danaher Corp. (US)
2025 (Diagnostics): $10.2 billion
2024 (Diagnostics): $9.8 billion
2023 (Diagnostics): $9.6 billion
2024 total revenue: $23.8 billion
Number of employees: 63,000
Danaher Corp is a family of more than 30 companies including Beckman Coulter, Implant Direct and Leica Biosystems. The Danaher group encompasses diagnostics, life sciences and biotechnology with a number of sites around the globe.
13. Baxter (US)
2025: $11.20 billion
2024: $10.60 billion
Number of employees: 38,000
Revenue per employee: $278,000
Baxter began in the 1930s by launching the first commercially prepared intravenous solutions, today Baxter operates as a global diversified company. Its products serve disease areas such as hemophilia, infectious diseases, kidney disease, immune disorders, and trauma treatment.
12. B. Braun (Germany)
2025: $11.3 billion (€9.75 billion)
2024: $10.4 billion (€9.37 billion)
2023: $9.39 billion (€8.775 billion)
Number of employees: 64,000
Revenue per employee: $152,000
B. Braun is a medical and pharmaceutical device company based in Melsungen, Germany. With a history dating back to its founding in 1839, the company remains family-owned by the Braun family. B. Braun has over 63,000 employees worldwide and operates offices and production facilities in more than 60 countries.
11. Hoffmann-La Roche AG (Switzerland)
2025 (Diagnostics): $17.3 billion (14.93 billion CHF)
2024 (Diagnostics): $17.7 billion (14.32 billion CHF)
2023 (Diagnostics): $15.48 billion (14,10 billion CHF)
2024 total revenue: $74.9 billion
Number of employees: 103,600
Revenue per employee: $722,900
Hoffmann-La Roche is a Swiss global pharmaceutical and medtech company founded by Fritz Hoffmann-La Roche after whom the company is named, in 1896. Its headquarters is located in Basel, Switzerland. Other companies owned by Roche are Genentech, Chugai Pharmaceuticals and Ventana. It manufactures a range of Diabetes management products under the brand name Accu-check.
10.Boston Scientific Corp (US)
2025: $20.1 billion
2024: $16.7 billion
2023: $14.2 billion
Number of employees: 59,000
Revenue per employee: $340,000
Boston Scientific produces a large range of medical devices used to diagnose and treat patients with issues in the areas of cardiology, urology, endoscopy and many more. It was founded in 1979 with the aim of creating less invasive medical devices and procedures, they continue to innovate across expanding areas of medicine. Boston Scientific currently employs approximately 59,000 people across 40 countries.
9. Philips NV (Netherlands)
2025 (Diagnosis & Treatment and Connected Care): $20.50 billion (€17.69 billion)
2024 (Diagnosis & Treatment and Connected Care): $16.06 billion (€13.92 billion)
2023 (Diagnosis & Treatment and Connected Care): $14.95 billion (€13.95 billion)
2023 total revenue: $21.83 billion (€18.02 billion)
Number of employees: 69,700
Philips is a technology company based in The Netherlands with headquarters in Amsterdam. Their main areas of focus are lighting, electronics, and healthcare, the latter accounts for 42% of global sales revenue. Philips Healthcare is a diverse range of over 450 different types of medical equipment including MRI scanners, diagnostic ECG devices, and patient monitoring equipment.
8. GE Healthcare (USA)
2025: $20.60 billion
2024: $19.67 billion
2023: $19.52 billion
Number of employees: 54,000
Revenue per employee: $381,000
GE Healthcare is the medical technology subsidiary of General Electric, a multinational conglomerate based in the USA. With a history as far back as 1893, the healthcare subsidiary focuses on medical imaging, diagnostics, and patient monitoring.
7. Becton Dickinson & Company (BD) (US)
2025: $21.80 billion
2024: $21.70 billion
2023: $19.40 billion
Number of employees: 72,000
Revenue per employee: $302,000
Becton Dickinson & Company (BD) was founded in 1897 in New Jersey, US, and now employs 75,000 people in over 50 countries around the world. They manufacture and sell medical devices, instrument systems, and reagents and the company was a pioneer in the production of hypodermic needles. The company is divided into three sectors – BD Medical, BD Life Sciences and BD Interventional.
6. Stryker Corp (US)
2025: $25.1 billion
2024: $22.6 billion
2023: $20.49 billion
Number of employees: 53,000
Revenue per employee: $473,000
Stryker was founded by an orthopedic surgeon Dr. Stryker in the U.S. in 1941. He was aiming to make products that met his patient’s healthcare needs. Stryker continues in the field of medical technology with a focus on surgical devices. They employ over 53,000 people worldwide.
5. Siemens Healthineers (Germany)
2025: $27.00 billion (€23.30 billion)
2024: $25.69 billion (€22.36 billion)
2023: $23.21 billion (€21.68 billion)
Number of employees: 69,000
Revenue per employee: $391,000
Siemens is a multinational conglomerate based in Germany – it is the biggest engineering company in Europe covering sectors including energy, industry, and healthcare. Siemens Healthineers focus on equipment for medical imaging, clinical IT and lab diagnostics and employs around 72,000 people worldwide.
4. Medline Industries (US)
2025: $28.4 billion
2024: $25.2 billion
2023: $23.2 billion
Number of employees: 45,000
Revenue per employee: $631,000
Medline is a manufacturer and distributor of medical supplies providing product and education, clinical programs and services.
3. Abbott Laboratories (US)
2025 (Medical Devices & Diagnostics): $30.30 billion
2024 (Medical Devices & Diagnostics): $28.34 billion
2023 (Medical Devices & Diagnostics): $26.87 billion
2025 total revenue: $44.3 billion
Number of employees: 114,000
Revenue per employee: $388,000
Abbott was founded in 1888 and has become one of the leading pharmaceutical and medtech companies in the world. They produce a broad range of branded generic pharmaceuticals, medical devices, diagnostics, and nutrition products and in 1985, the company developed the first-ever HIV blood-screening test.
2. Johnson & Johnson (US)
2025 (MedTech): $33.80 billion
2024 (MedTech): $31.90 billion
2023 (MedTech): $30.40 billion
2024 total revenue: $94.2 billion
Number of employees: 138,200
Revenue per employee: $681,000
Johnson & Johnson was founded in 1886 with the initial idea that wounds should be treated and dressed using sterile equipment. It is one of the world’s biggest life science companies and operates two distinct divisions – medtech and pharmaceuticals.
1. Medtronic (US)
2025: $36.40 billion
2024: $33.54 billion
2023: $31.22 billion
Number of employees: 95,000
Revenue per employee: $353,000
Medtronic began as a medical supply repair shop in the US in 1949, their first commercial product was a battery-powered, wearable pacemaker. From then on they have focussed on technology as a means of improving treatment. Today there is a focus on using that technology to improve treatment and management of chronic conditions specifically – Medtronic claims that “every three seconds, another life is improved by a Medtronic product or therapy”. In 2014, Medtronic bought Irish-headquartered Covidien to further expand its scope. Globally, Medtronic employs over 95,000 people in over 150 countries.
Medtronic moved into Ireland in 1999 and now operates five facilities – two manufacturing sites in Galway, a manufacturing site in Westmeath and two office sites in Dublin. Their Galway sites employ over 2,000 people and manufacture respiratory monitoring devices.
Note: Medline Industries, Henry Schein and Owens & Minor were not included as these companies focus more on distribution, logistics and health-services
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About the Author
Donagh Fitzgerald
Head of Marketing & Product Development
Mechanical/Production Engineer
Donagh looks after the marketing and product development including the training and pedagogical elements of our programs and makes sure that all GetReskilled’s users can have a great online learning experience. Donagh has lived and worked in many countries including Ireland, America, the UK, Singapore, Hong Kong and Japan. Donagh has also served as the Program Manager for the Farmleigh Fellowship based out of Singapore.
Donagh holds Degrees in Production Engineering and Mechanical Engineering from South East Technological University, Ireland.
Claire Wilson
Content Marketing and Career Coaching
Claire runs GetReskilled’s Advanced Career Coaching Programme – our specially devised job hunting course that helps our trainees take that final step into employment by leading them through the job hunting process. She is extremely enthusiastic about helping people reach their final goal of employment in their new career path.
Claire has a BSc (Hons) in Medical Biology from Edinburgh University and spent 7 years working in the pharmaceutical and medical device industries.