Global medical device industry to 2024

Medtech industry is projected to grow at a compound annual growth rate (CAGR) of 5.6% to $595 billion by 2024.

February 1, 2019

Remain #1; annual sales to $79.6 billion; 13.4% industry share

Fastest-growing device specialty; sales to $15.8 billion; expanding at 9.1% CAGR

CAGR of 3.7% between 2017 and 2024

#1 MEDTRONIC – $29.7 BILLION; FORECAST OF $38.9 BILLION IN 2024

#2 DePuy Synthes (Johnson & Johnson) – $26.6 billion

#3 Philips Healthcare – $20.7 billion

#4 Fresenius – $20.7 billion

#5 GE Healthcare – $19.1 billion

#6 Siemens Healthineers – $16.5 billion

#7 Cardinal Health – $13.5 billion

#8 Stryker – $12.4 billion

#9 Becton Dickinson – $12.1 billion

#10 Baxter – $10.6 billion

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