Medical technology - top companies based on revenue 2022

In 2022, with a revenue of approximately 31.3 billion U.S. dollars, Abbott Laboratories. was the leading medical technology company in the world. The largest medical devices segment within the company was for diabetes care, followed by vascular applications and rhythm management devices. The United States was by far the most important geographical region for Abbott which is based in Chicago, Illinois.

Abbott Laboratories in numbers

While the company was founded in 1888, Abbott underwent a noteworthy split into two companies in 2013. The company which retained the original name specializes in medical products, while AbbVie focused on research-based pharmaceuticals. Since then, the company has gone from strength to strength. As of 2023, Abbott had around 114 thousand employees worldwide. Due to the COVID-19 pandemic, the value of the company’s rapid diagnostics segment hugely increased in value in 2021 and 2022.

Johnson & Johnson

In 2022, U.S. based medical device company Johnson & Johnson generated 27.4 billion U.S. dollars in revenue. The company had over 152 thousand employees in 2022. Johnson & Johnson’s largest segment within medical devices was surgical, which earned about 9.7 billion U.S. dollars. The orthopedics franchise was the segment’s second-largest field, generating roughly 8.6 billion U.S. dollars that year.