In this article, we are going to list the 5 largest medical device companies in the world. For detailed coverage of this topic and a more comprehensive coverage please take a look at the 15 largest medical device companies in the world.
5. Abbott Laboratories (NYSE:ABT)
Revenue: $32.1 B
Market Cap: $187.6 B
Assets: $66.8 B
Number of Employees: 107,000
Headquarters: Illinois, US
Abbott Laboratories is a US-based international medical tech company specializing in medical devices, diagnostic solutions, nutrition, and branded generic pharmaceuticals. The first HIV blood screening test was developed by the company in 1985. Abbott has developed and designed eight COVID-19 tests, all of which have obtained U.S. Emergency Use Authorization from the FDA.
In one of our articles, Baron Health Care Fund highlighted why you should consider investing in a healthcare company such as Abbott Laboratories (NYSE:ABT):
“Global medical device company Abbott Laboratories contributed to performance on increased sales of diagnostic products used for COVID-19 diagnosis. Abbott also received FDA approval of Libre 2.0, its glucose monitoring device for patients with diabetes. We continue to believe Abbott has the ability to generate solid long-term growth driven by multiple areas of its business.”