Here's a look at the companies that broke into the ranks of the top 100 medical device and diagnostics companies last year.
Every year, there's a lot of movement on the list of top 100 public medical device and diagnostics companies, as we've already explored. Last year, there were also a number of newcomers to the list, which didn't appear on the list of top companies from 2016. Click through to see the 17 medical device and diagnostics companies that broke into the ranks of medtech's top tier in 2017.
bioMérieux S.A.
Rank: 32
2017 Total Revenue: $2.55 billion
2017 Highlights: The French company received FDA clearance for several diagnostic products in 2017 and grew sales by more than 10%. BioMérieux also appointed a new chairman and CEO in December.
Sysmex Corp.
Rank: 35
Total Revenue: $2.33 billion
2017 Highlights: This Japanese maker of diagnostic instruments, reagents, and related software announced a plan to grow net sales at a compound annual growth rate of nearly 12% from 2018 to 2020 and in June opened a new R&D facility focusing on personalized medicine.
IDEXX Laboratories Inc.
Rank: 42
Total Revenue: $1.91 billion
2017 Highlights: This Maine-based veterinary diagnostics company increased revenues by 11% on a reported basis in 2017.
Sartorius Stedim Biotech S.A.
Rank: 53
Total Revenue: $1.27 billion
2017 Highlights: France-based Santorius supplies laboratory equipment in addition to pharmaceuticals. The company grew its revenue by more than 9% in 2017.
Shandong Weigao Group Medical Polymer Co. Ltd.
Rank: 58
Total Revenue: $1.05 billion
2017 Highlights: China-based Shandong Weigao Group Medical Polymer Co. makes single-use medical devices, orthopedic products, and blood purification devices, which are sold in China and other countries. In September, the company purchased U.S.-based Argon Medical, a privately held company that sells single-use devices for biopsies, vascular clot management, and other uses.
Arjo AB
Rank: 64
Total Revenue: $956 million
2017 Highlights: Sweden-based Arjo, formerly a subsidiary of Getinge, was listed the Nasdaq Stockholm in December 2017. The company makes products for patient handling, disinfection, prevention of pressure ulcers, and more.
Guerbet SA
Rank: 65
Total Revenue: $919 million
2017 Highlights: France-based Guerbet makes contrast agents, medical devices, and other products used in diagnostic and interventional imaging. Last year, it was granted the CE Mark for a trans-arterial chemo-embolization mixing and injection system and won FDA approval for an MRI contrast agent for use in pediatric patients.
Top Glove Corp. Bhd.
Rank: 67
Total Revenue: $871 million
2017 Highlights: This Malaysia-based maker of disposable rubber gloves announced plans to acquire Aspion, the world’s leading surgical glove provider, in December.
JEOL Ltd.
Rank: 68
Total Revenue: $852 million
2017 Highlights: Japan-based JEOL makes medical equipment, including magnetic resonance equipment and clinical chemistry analyzers. The company opened a new R&D center in conjunction with Nikon in September.
DiaSorin S.p.A.
Rank: 72
Total Revenue: $738 million
2017 Highlights: Italy-based diagnostics company DiaSorin launched an automated test for detecting zika virus infection last year.
Varex Imaging Corp.
Rank: 74
Total Revenue: $698 million
2017 Highlights: Salt Lake City, UT-based Varex Imaging Corp. supplies medical x-ray tubes and image processing solutions. Last year, the company completed the acquisition of PerkinElmer Inc., which makes components sued in medical imaging systems.
Hartalega Holdings Berhad
Rank: 83
Total Revenue: $514 million
2017 Highlights: Malaysian glove maker Hartalega’s stock hit a record high in 2017.
Yestar Healthcare Holdings Co. Ltd.
Rank: 87
Total Revenue: $494 million
2017 Highlights: China-based Yestar specializes in healthcare consumables, medical imaging products, and in vitro diagnostics. This past September, the company acquired a 70% equity interest in Beijing Kaihongda Technology, another medical equipment company.
JMS Co., Ltd.
Rank: 88
Total Revenue: $493 million
2017 Highlights: Japan-based JMS makes infusion therapy, dialysis, and cardiovascular products, in addition to general medical supplies. The company’s sales declined 3.6% over the previous year during its fiscal 2017 year.
Kossan Rubber Industries Bhd
Rank: 90
Total Revenue: $454 million
2017 Highlights: Malaysia-based Kossan Rubber Industries makes medical gloves. Last year, the company announced plans to increase automation of its manufacturing by 2020.
Consort Medical plc
Rank: 96
Total Revenue: $402 million
2017 Highlights: UK-based Consort Medical makes drug-delivery devices. In December, the company reported a 6.1% year-over-year rise in revenue for the first half of its fiscal 2018 year.
Neogen Corp.
Rank: 98
Total Revenue: $384 million
2017 Highlights: Michigan-based Neogen Corp. makes veterinary devices and diagnostics. The company reported record revenues and earnings in 2017.
Jamie Hartford
jamie hartford is editor-in-chief of md+di and director of content for medtech brands in ubm's advanced manufacturing group, where she oversees content creation for the md&m and biomedevice conferences. reach her at jamie.hartford@ubm.com.
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