2015’s Biggest Medtech Companies (OrthoSpineNews)
The list of the world’s 10 largest medical device companies is going to look pretty different in 2015 versus 2014.
The medical device industry is seeing some major shifts amid multibillion-dollars mergers and the decision of some diversified companies such as Philips to split up.
Here, we determine how the top medtech companies will likely rank in 2015 based on medical device revenue numbers from their most recent annual reports. For big device companies with megamerger plans, we tallied up their combined revenue and assumed that the proposed mergers, most notably Medtronic and Covidien, would pass regulatory hurdles.
10. Stryker
$9.0 billion in revenue in the fiscal year ended Dec. 31, 2013
Stryker for the first half of 2014 saw its sales rise nearly 7% year over year, to nearly $4.7 billion. But its earnings have been taking a beating, down three-fifths to $198 million. Profits have been especially hurt because of settlements related to Rejuvinate all-metal hip implant lawsuits. Stryker has been setting aside funds to cover $790 million to $1.2 billion in losses related to the lawsuits, according to its most recent annual repo...
