From stethoscopes and MRIs to veterinarian equipment, surgical instruments and more, medical equipment plays a vital role in maintaining our health and well-being--and remains a top industrial market to sell to. Want to explore more about this powerful sector? This article will provide we analyze key statistics on industry size, market value, and employment trends. We'll also explore the leading U.S. medical equipment manufacturers shaping the industry.
Key Statistics on the U.S. Medical Equipment Sector
MNI, compiler and publisher of industrial business profiles for the U.S. industrial sector and informational engine behind IndustrySelect, surveyed the nation’s nearly 1,400+ medical equipment manufacturers, directly collecting key data points on this vital industry for 2024.
• There are currently 1,413 medical equipment fabrication suppliers in the U.S.
• 168,013 workers are employed in this powerful industry.
• Employment among medical equipment manufacturers has increased 1.6% over the past year (May 2023 to May 2024)
• Average reported sales for U.S. medical equipment manufacturers ran $263 billion 2023-2024.
• 32 U.S. medical equipment manufacturers or 2% are women-owned
• 13 U.S. or 1% are minority-owned
• 272 or 19% of medical equipment manufacturers in the United States import raw materials
• 897 or 63% distribute their products internationally.
• The Pacific/Mountain region accounts for the most medical equipment manufacturers at 28%, following by the Midwest region with 27%.
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Top 10 Medical Equipment Manufacturers in the U.S.A.
| Company | Number of Employees | City | State |
|---|---|---|---|
| Medtronic Holding, Inc. | 2,000 | Minneapolis | MN |
| Becton, Dickinson And Company | 1,400 | Franklin Lakes | NJ |
| Baxter International, Inc. | 1,700 | Deerfield | IL |
| Cardinal Health, Inc. | 4,000 | Dublin | OH |
| Boston Scientific Corp. | 1,800 | Marlborough | MA |
| Philips Healthcare Informatics, Inc. | 2,000 | Cambridge | MA |
| Baxter Healthcare Corp. | 800 | Deerfield | IL |
| GE Healthcare Technologies, Inc. | 600 | Chicago | IL |
| Edwards Lifesciences Corp. | 4,688 | Irvine | CA |
| Synthes, Inc. | 1,200 | West Chester | PA |
About the Top Medical Equipment Manufacturers in the U.S.A.
1. Medtronic Holding, Inc. A global leader in healthcare technology, Medtronic is committed to alleviating pain, restoring health, and extending life for millions worldwide. With a diverse business portfolio, robust product pipeline, and significant R&D investments, Medtronic serves over 74 million patients and conducts over 210 clinical trials annually.
2. Becton, Dickinson and Company BD advances the world of health by improving medical discovery, diagnostics, and care delivery. With a passion for solving healthcare needs, BD’s innovative technology supports clinical therapy for patients and streamlines processes for healthcare providers.
3. Baxter International, Inc. Baxter International develops a portfolio of healthcare products that save and sustain lives. With a presence in approximately 100 countries, Baxter offers solutions for hemodialysis, peritoneal dialysis, and a range of other healthcare needs.
4. Cardinal Health, Inc. Cardinal Health is a distributor of pharmaceuticals and a global manufacturer of medical and laboratory products. Serving nearly 90% of U.S. hospitals, Cardinal Health delivers end-to-end solutions that advance healthcare and improve lives every day.
5. Boston Scientific Corp. Boston Scientific is dedicated to transforming lives through innovative medical solutions. With a global presence in 40 countries, the company invests heavily in R&D to develop products that improve patient health.
6. Philips Healthcare Informatics, Inc. Philips Healthcare Informatics delivers enterprise diagnostic, therapeutic, and monitoring solutions with predictive analytics and precision diagnostics. The company’s technology connects care and empowers healthcare professionals.
7. Baxter Healthcare Corp. A subsidiary of Baxter International, Baxter Healthcare Corp. is committed to saving and sustaining lives. The company nurtures a culture of innovation to address the healthcare industry’s most pressing challenges.
8. GE Healthcare Technologies, Inc. GE HealthCare provides a broad portfolio of products and services for diagnostics, treatment, and monitoring of patients. The company’s innovation enables care that is simple, connected, and precise.
9. Edwards Lifesciences Corp. Edwards Lifesciences is a leader in patient-focused medical innovations for structural heart disease and critical care monitoring. The company’s products and technologies address unmet healthcare needs and enhance patient outcomes.
10. Synthes, Inc. Now part of Johnson & Johnson’s DePuy Synthes division, Synthes is a leading maker of implants to mend bone fractures and produces surgical power tools and advanced biomaterials.
Further Reading: Key Facts & Trends in the U.S. Instruments & Related Products Manufacturing Industry
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