Top 100 Global Medical Devices Released, 5 Chinese Companies on the List

Recently, QMED, a foreign authoritative third-party website, recently released the "Top 100 Medical Device Companies in 2022", which ranks global medical device companies based on their revenue in fiscal year 2020
.
Note: Due to the different fiscal year ranges of global medical device companies, the range of some medical device companies for fiscal year 2020 is distributed in 2021
.
According to statistics, the total revenue of the top 10 medical device companies this time reached 397.
015 billion US dollars, and a total of 67 medical device companies in the world have a revenue of more than 1 billion US dollars
.
In addition, the changes in the rankings of the world's top medical device companies also reflect the changes in the competitive landscape in the medical device industry in 2020
.
The first echelon of global medical devices, the ranking has changed significantly According to the ranking situation, Medtronic is still firmly in the first place, topping the list with US$30.
117 billion
.
Compared with the top 100 annual revenue list in 2019, the top 10 companies in the first echelon of global medical device companies have undergone considerable changes
.
In the list of TOP10 global medical device companies in 2020, Medtronic, Johnson & Johnson, BD, and Cardinal Health ranked the same as in 2019; Abbott and Siemens Medical's rankings have risen significantly; GE Healthcare and Stryker's rankings have fallen
.
5 Chinese machinery companies on the list In this top 100 list, 5 medical device companies including Xinhua Medical, Yuyue Medical, Lepu Medical, MicroPort Medical, and Kaili Medical are on the list
.
During the "Thirteenth Five-Year Plan" period, the market size of China's medical equipment industry has grown from 480 billion yuan in 2015 to 840 billion yuan in 2020.
China has become the second largest medical equipment market in the world after the United States
.
The largest enterprise is responsible for the country
.
As a national brand in the medical device production industry, more leading domestic medical device companies have entered the forefront of the global competition pattern, which also represents the rise of China's medical device industry.

.
R&D investment is related to the product innovation and development capabilities and subsequent explosive power of medical device companies, which is also the key to the rise of domestic production and to entering the forefront of the world
.
The average R&D investment of global head medical device companies in the past three years is about 10%
.
Among them, medical device giants Johnson & Johnson and Boston Scientific account for more than 10% of their annual R&D investment income
.
The proportion of domestic device companies' R&D investment is relatively low, and the investment has been increasing in recent years
.
The average R&D investment income of domestic medical device representative enterprises in the past three years accounted for only 8.
8%
.
However, it is worth noting that domestic companies have increased their R&D investment in recent years.
In recent years, the annual R&D investment of domestic representative medical device companies has maintained an increase of about 20%
.