5 Biggest Medical Device Companies in the World

4. Boston Scientific Corporation (NYSE:BSX)

Market Cap as of November 18: $60.44 B
Number of Hedge Fund Holders: 53

Boston Scientific Corporation (NYSE:BSX) creates, produces, and sells medical equipment. The company’s business divisions include Cardiovascular, Rhythm and Neuro, and MedSurg. With a market cap of $60.44 billion, Boston Scientific Corporation (NYSE:BSX) stands fourth on the list of 15 biggest medical device companies in the world.

Canaccord analyst William Plovanic retained a ‘Buy’ rating on Boston Scientific Corporation (NYSE:BSX) shares on October 27 and raised his price target from $45 to $48. The analyst thought the conditions for 2023 were favorable given that organic growth was solid.

According to Insider Monkey’s data, Boston Scientific Corporation (NYSE:BSX) was part of 53 hedge fund portfolios at the end of Q3 2022, compared to 56 funds in the second quarter.

Artisan Partners mentioned Boston Scientific Corporation (NYSE:BSX) in its Q2 2022 investor letter. Here is what the firm has to say:

“We took advantage of Boston Scientific Corporation (NYSE:BSX)’s share price pullback during the quarter. We believe the company is well-positioned to benefit from an expected return of elective medical procedures and several innovative product profit cycles in the periods ahead. Meanwhile, the company’s health care end market could prove relatively resilient in a recession scenario.”