Despite a challenging economic climate, European medtech companies will continue to make the lists of the largest industry players, according to a report released by Evaluate, a London-based life science business intelligence firm. The Evaluate MedTech World Preview 2018 report makes projections about the top 20 medical technology companies in 2018. Eight of the companies are headquartered in Europe. The projections were based on analysing 120 companies and their reported 2011 revenue, as well as leading equity analysts’ estimates of sales forecasts. A slide show on MD+DI presents these top 20 companies and their predicted revenue, compound annual growth rate and worldwide market share.
There is no surprise in the top spot of the list—Johnson and Johnson’s leading position will not be challenged any time soon, according to analysts. The second spot is taken by another US-based medtech giant: Medtronic. The first European company making an appearance is Siemens, which is predicted to be the third largest medtech company in 2018. Although its market share is predicted to decrease from 5.4% in 2011 to 4.6% in 2018, its revenue is expected to grow at a compound annual growth rate of 2%.
Seven other European-based companies appear on the top 20 list—an impressive number for a region currently in recession. To find out which these companies are, view the slide show on MD+DI. Interested in the larger picture of the medical device market in Europe? A recent article on EMDT details the drivers of growth that will ensure the continued viability of the region’s healthcare sector.