If you would like to customise your choices, click 'Manage privacy settings'. FMS. Click to skip ahead and jump to the 5 largest medical device companies in the world. On the bright side, the global market for medical devices is expected to reach $612.7 billion by 2025 according to a study of Deloitte's 2020 Global Life Science. The medical device industry is not recession-proof. You need a Statista Account for unlimited access. This company has expertise in manufacturing a wide range of eye care and optical devices with wavefront technologies such as contact lenses, eyeglass lenses, photomasks, and photomask blanks. Please do not hesitate to contact me. Cardinal Health Inc provides medical devices to over 75% of hospitals in the United States. Founded in 1979, to create less invasive medical devices and procedures, they continue to innovate in the broader areas of medicine today. It will enable you to choose the right and strategic partner to scale up your business process. Siemen healthcare is the parent company of multiple medical technology companies and its headquarters are in Erlangen, Germany. Market cap refers to the value of a companys shares of stock. His focus is on breaking down complex financial topics so readers can make informed decisions. Philips Healthcare is a subsidiary of Philips, a tech firm based in the Netherlands and headquartered in Amsterdam. } ); Headquartered in Bagsvrd, Denmark, Novo Nordisk is led by CEO Lars Fruergaard Jrgensen, who also serves as vice president elect of the European Federation of Pharmaceutical Industries and Associations (EFPIA), of which Novo is a member. The company initially started with thermometer production and later expanded into medical device manufacturing. new TradingView.widget( { "width": 980, "height": 410, "symbol": "NYSE:LLY", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_52a46" Fresenius Medical Care. Healthcare is a huge variety of over 450 different types of medical devices, including MRI scanners, diagnostic ECG devices, and patient monitoring equipment. Started in 1886, J&J has a whopping 130,000 employees spread across operations in 60 countries. And this company is providing groundbreaking solutions to enhance patient care and clinical outcomes. Show publisher information The company has many innovative healthcare brands such as Peltor, Petrifilm, FUTURO, Clarity, and many more. Your financial situation is unique and the products and services we review may not be right for your circumstances. Statistic is based on the top 300 medtech companies. 15 largest medical companies in the world is originally published at Insider Monkey. new TradingView.widget( { "width": 980, "height": 410, "symbol": "UNH", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_f7d46" Some of the major players in the medical device industry are Boston Scientific Corporation (NYSE: BSX ), Medtronic plc (NYSE: MDT ), and Abbott Laboratories (NYSE: ABT ).. Available: https://www.statista.com/statistics/440554/market-capitalization-growth-of-top-medtech-companies-globally/, Top large medical technology companies based on market capitalization growth in 2021*, Available to download in PNG, PDF, XLS format, Distribution of global revenue of MedTech industry 2021, by category, Distribution of global revenue of MedTech industry 2021, by region, Worldwide revenue of MedTech industry 2007-2024, Worldwide revenue of medical devices industry 2007-2024, In vitro diagnostics (IVD) market size worldwide 2020-2030, Medical technology - top companies based on revenue 2021, Market capitalization growth of top large medtech companies worldwide 2021, Predicted top medical technology companies by revenue 2028, Medical robotics market size worldwide 2021-2030, Magnetic resonance imaging (MRI) market size worldwide 2021-2030, Magnetic resonance imaging (MRI) market volume worldwide 2021-2030, Medical ventilators worldwide 2017-2027, by region, AI in healthcare market size worldwide 2021-2030, Leading applications of AI in healthcare in the U.S. in 2020, Level of adoption of AI in healthcare in the EU in 2021, by technology, Value of top ten medtech IPO deals globally 2021, Value of top M&A medical technology company deals worldwide 2021, Value of M&A medical technology company deals worldwide 2011-2021, Number of M&A deals in medical technology worldwide 2011-2021, Medtech venture capital investment - U.S. and Europe 2006-2021, Medtech ventures based on gross raised in the U.S. 2020/21, Investor funding in digital health industry 2010-2022, Funding in top deals in digital health industry 2022, Value of venture funding in the digital health sector in the U.S. 2011-2022, Number of mega deals in the digital health sector worldwide 2017-2022, Investors in digital health sector in the U.S. 2011-2021, by type, Investments in most active U.S. metro area in digital health industry 2022, Investments in most active global metro areas in digital health outside the U.S. 2021, Use of telemedicine in the U.S. 2015-2022, by channel, Leading U.S. medtech regions based on market capitalization 2014, Global diagnostic imaging revenues - top medtech companies 2017 and 2024, Medtech companies market cap growth U.S. and Europe 2016-2021, Selected major medtech IPOs in the U.S. and Europe by proceeds 2020-2021, Medtech companies market cap CAGR in U.S. and Europe 2016-2021, Leading medical technology companies by global ophthalmology revenue 2015 and 2022, Leading European medtech countries based on number of companies 2014, Leading European medtech countries based on market capitalization 2014, CAGR of top medical technology companies 2012-2018, Global ophthalmic revenues of top medtech companies 2017 and 2024, Global top orthopedic medtech companies by revenue 2017 and 2024, Total value of medtech ipo deals worldwide quarterly 2015-2017, Industry optimism among medical device professionals globally 2020, U.S. and European medical technology companies - R&D expenditure 2009-2020, Tech Mahindra number of active clients FY 2016-2022, Respondents' views on the likelihood of using less social media in South Korea 2020, Find your information in our database containing over 20,000 reports. Siemens and Abbott released their COVID-19 test kits while Johnson & Johnson remain ambitious in manufacturing a vaccine for coronavirus. Only the top healthcare companies are . new TradingView.widget( { "width": 980, "height": 410, "symbol": "NYSE:NVO", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_dd683" The newest trends in AI for medical devices include automated insulin delivery, GE HEalthcare CT scans, and imaging tools for kidney and liver lesions, as well as innovative apps that monitor the status of a patient's condition. National health spending is projected to grow at an average annual rate of 5.4% through 2028, reaching $6.2 trillion and 19.7% of the countrys GDP. According to WHO, a medical device is an instrument, apparatus, or machine that is used in the prevention, diagnosis, or treatment of illness or disease, or for detecting, measuring, restoring, correcting, or modifying the structure or function of the body for some health purpose. Also, the company is operating in more than 120 countries worldwide. statistic alerts) please log in with your personal account. Hoya corporation has its headquarters in Japan and it has an employee size of over 34300. Past performance is not indicative of future results. It operated through five core segments: wound care protection, patient monitoring & diagnostics, surgical safety and efficiency, respiratory health, and advanced mobility solutions. and it's expected to top $6 . As soon as this statistic is updated, you will immediately be notified via e-mail. new TradingView.widget( { "width": 980, "height": 410, "symbol": "OTC:RHHBY", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_77c46" Also, the company operates through two segments such as bioprocess solutions, lab products & services. They have approximately $421 billion in combined sales, employ more than 1.4 million people and invest more than $24 billion per year in research and development. Fisher & Paykel healthcare corporation is a publicly-traded company founded in 1934 and has its headquarters in New Zealand. Waters Corporation holds a leading position worldwide in providing complementary analytical technologies. Intuitive Surgicals goal is to provide assistance to doctors and hospitals with its robotics-assisted platforms, including the da Vinci system. Using polymerase chain reaction technology, the assay panel is designed to detect five common respiratory viruses associated with bronchiolitis, influenza, the common cold and pneumonia. Intuitive Surgical. It is a Swiss multinational pharmaceutical company headquartered in Basel, Switzerland. These are less swayed by the individual ups and downs of any one company but provide solid, steady long-term growth. ", Evaluate, Top 20 companies based on medical technology revenue market share in 2021 and 2028 Statista, https://www.statista.com/statistics/329035/global-medtech-market-share-of-top-20-companies/ (last visited March 18, 2023), Top 20 companies based on medical technology revenue market share in 2021 and 2028 [Graph], Evaluate, June 20, 2022. Along with this, it offers a range of medical devices such as invisible hearing amplifiers, tiny electronic instruments, that address a small to a wide range of hearing issues. Profit from the additional features of your individual account. Stocks are listed in order of market cap size, with data gathered using Tradingviews stock screener. The sudden emergence of serious infections such as the novel coronavirus is expected to drive global demand for medical devices. The company has expertise in designing and manufacturing packaging components, and delivery systems for injectable drugs and health care products. Danaher Corporation is a multi-industry medical equipment manufacturer that manufactures, markets, and provides professional services in medical, industrial, and commercial products. Sustaining growth can be challenging for some types of healthcare stocks. Website: www.medtronic.com. In, Evaluate. And the company is operating through multiple segments such as aviation, healthcare, digital energy, and venture capitalizing. How To Find The Cheapest Travel Insurance, Best Investment Portfolio Management Apps, Advantages of Investing in Healthcare Stocks. Medtronic has always been one of the world's leading medical device companies in the last decades. General Electric is a multinational American company that has its headquarters in Boston, U.S. You need at least a Starter Account to use this feature. The company provides its services in 50 countries and provides excellent services. The market capitalization sometimes referred as Marketcap, indicates the value of a publicly listed company. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). Instead, consider purchasing exchange-traded funds (ETFs) or index funds that track diversified indexes focused on the healthcare sector. Biggest American medical device companies in 2020 1. Its products serve in the treatment of diseases such as hemophilia, infectious diseases, kidney disease, immune disorders, and trauma treatment. GEHC. The company has its operation in equipment and systems in life sciences and healthcare. Headquartered in the city of Sunnyvale in the heart of the Silicon Valley region . The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media LLC. 10. In addition, it also has medical devices for measuring hemostasis that bring out better clinical outcomes in managing critical bleeding cases. Naturally this list of big names in the medical device industry would not be complete without the inclusion of Medtronic, which is one of the largest global medical device manufacturing companies. And now the company is generating most of its revenues through medical device manufacturing. We then ranked them from the smallest to the largest companies. Are you interested in testing our business solutions? Click through the listings below to learn more about the companies powering the global medical technology industry: Copyright 2023 WTWH Media, LLC. The company is also ranked 33rd in Forbes magazine as the most innovative company. Website: https://www.dentsplysirona.com/en-in. The top five biggest markets are Germany, France, the United Kingdom, Italy, and Spain. Please try again later. It designs, manufactures, and markets the products and systems that are used in respiratory care, acute care, and the treatment of obstructive sleep apnea. If those numbers have you ready to load up on healthcare stocks, youve got thousands of options. The core aim of the company is to produce and sell medical devices, instrument systems, and reagents. (January 6, 2022). By using this research, you can get the companys profile, market cap, revenue cap, and website information at one glance. Resmed is a medical device company based in California. The medical device sector today is not exactly what it was five years ago. Market Cap: $53.9 B. COMTEX_426475327/2607/ . If you have a regular brokerage account, you can easily add healthcare stocks to your taxable investment portfolio. Founded in 1958, Edward Lifescience corporation is an American medical technology company in California, U.S. In terms of the organizations medical device equipment, Abbott Laboratories develops treatment options for vascular diseases; the options include coronary and carotid stents, plus catheters and vessel closure devices. And this company is globally engaging with patients to bring more innovative medical devices for structural heart disease and clinical monitoring. Allergan is an industry leader in open science and its exemplary R & D model defines its approach to bringing the required innovations for better patient care. Evaluate. The company was founded in 1954 and has its headquarters in Basel, Switzerland. The company has its headquarters in Minnesota, U.S. and it has an employee size of over 93510. Medical device manufacturer Intuitive Surgical developed the da Vinci surgical system the first minimally invasive surgical system to receive clearance from the US Food and Drug Administration. You might be using an unsupported or outdated browser. The company already offers a test that it says can detect the new omicron variant, making it presently the only FDA-authorized test capable of detecting the variant. In this article, we are going to list the 15 largest medical device companies in the world. The biggest players in the medical device industry also took turns in improving patients' situation during the pandemic. The company was founded in 1989 and it primarily specializes in cloud connectable medical devices for sleep apnea, chronic obstructive pulmonary disease, and other respiratory conditions. Fresenius medical care is a German company that provides its services through a network of more than 3800+ dialysis centers and serving 345096 patients. Headquarters: Paris, France. For the last few years, the medical device industry has gone through a digital transformation and is evolving with each passing day. The author(s) held no positions in the securities discussed in the post at the original time of publication. Danaher Corp. runs as a medical company that designs, manufactures, and markets professional, medical, industrial, and commercial products and services. Also, it is serving in more than 100000 locations with an employee size of 49000+. Your trusted source for investing success, Medical Device Stocks: 5 Biggest Companies in 2022, Gold Price Nears US$2,000 as US Banks Collapse, Copper Prices Could See "Astronomical Rise" as Supply Concerns Increase, 8 Medical Device Stocks on the TSX and TSXV | INN , What Do Medical Device Companies Do? Becton, Dickinson and Company (NYSE:BDX) is a medical technology company which is also among the largest healthcare companies in the world by market cap. Pfizers top-selling pharmaceuticals are household names, including the antidepressant Zoloft, the erectile-dysfunction drug Viagra and the anti-anxiety drug Xanax. companies: 7,316 total market cap: $84.294 T. Global ranking; Ranking by countries. As a Premium user you get access to background information and details about the release of this statistic. ", Evaluate Vantage, Top large medical technology companies based on market capitalization growth in 2021* Statista, https://www.statista.com/statistics/440554/market-capitalization-growth-of-top-medtech-companies-globally/ (last visited March 18, 2023), Top large medical technology companies based on market capitalization growth in 2021* [Graph], Evaluate Vantage, January 6, 2022. A paid subscription is required for full access. The COVID-19 pandemic struck the medical device industry harder than most in fiscal year 2021. Healthcare stocks belong to companies that develop pharmaceuticals, manufacture medical devices or provide medical care or health insurance. Shandong Weigao group medical is a Hongkong company that firstly engaged in research & development and the sale of single-use medical devices. In addition, this company also supports inventory management, data reporting, new product launch support, and administration services to pharmaceuticals. This will eventually benefit you in deciding which company is best suited for your business prospects. You can only download this statistic as a Premium user. Payers and patients are demanding better care at lower prices. Also, the company is operating through three segments: EMEA, Asia? Align technology is an orthodontic device manufacturing company based in California, U.S. The biggest players in the medical device industry also took turns in improving patients' situation during the pandemic. Thanks to a large number of innovative digital solutions introduced to us daily by technology, there have been several advancements in data collection, treatment, research, and medical devices, such as hearing aids, which have had a huge impact on the world of medicine. What is Market-Cap? statistic alerts) please log in with your personal account. Four of the most important of subtypes of stocks in the case of the healthcare sector include: As defensive stocks, healthcare companies provide steady returns in any market. In response to the novel coronavirus outbreak, Thermo Fisher Scientific worked quickly to create a new multiplex real-time RT-PCR diagnostic kit to allow clinical and public health laboratories to rapidly diagnose COVID-19 caused by SARS-CoV-2 infection. In addition, the company also produces medical devices for cardiovascular treatments. This medical device manufacturer also makes medical devices for the diabetes market, including blood glucose meters that provide accurate results and make the testing process easier. Thermo Fisher Scientific is one of the worlds most respected brands in healthcare, scientific research, safety and education. Website: https://www.draeger.com/en_in/Home. Are you sure you want to rest your choices? Among other things, the company produces reagents and drugs, including for treating cancers and depression. At present, the company is doing business in more than 150 countries all across the world. Chart. Getinge AB is a global medical service provider company founded in 1904 and has its headquarters in Sweden. Medtronic. The rising costs of U.S. healthcare appear unsustainable. Growth in the global medical device industry is tied to the rapid rise of an aging population, increased infectious and chronic diseases, as well as technological advancements in both the field of life science and in emerging technologies such as 3D printing, robotics and the internet of things. (June 20, 2022). Which medical equipment manufacturers are providing the best services and how can they help you in leveraging their benefits? As a Premium user you get access to the detailed source references and background information about this statistic. new TradingView.widget( { "width": 980, "height": 410, "symbol": "JNJ", "interval": "D", "timezone": "Etc/UTC", "theme": "light", "style": "2", "locale": "en", "toolbar_bg": "#f1f3f6", "enable_publishing": false, "hide_top_toolbar": true, "save_image": false, "container_id": "tradingview_c6610" You can head on over to the 15 largest biotech companies in the world for more information. The biggest gain among the top 15 was Abbott Labs, with a 13.2 percent revenue increase. largest market after the US The European medical technology market is estimated to be roughly 150 billion in 2021 1,2. Medical equipment: . You can head on over to the, 15 largest biotech companies in the world, 5 largest medical device companies in the world, UPDATE 1-Germany to seek closer ties with Japan amid supply chain tension, China's central bank warns SVB failure shows impact of rapid global rate hikes- state media, Credit Suisse meets to weigh options, under pressure to merge with UBS, WRAPUP 1-Credit Suisse meets to weigh options, under pressure to merge with UBS, Logging Into Zoom at the Beach Could Land You a Tax Bill. With a current market cap in excess of $86bn - as well as total revenues of more than $4.3bn in 2020 - Intuitive Surgical is the leading medical device manufacturer based in California. Number of Employees: 150,000. Site Map | Privacy Policy | RSS. All the Medical equipment Companies are classified based on these Market Cap ranges as follows: Lets move forward to our list of the best medical device companies. During World war II the company started producing medical devices for people who ex[pericned hearing issues. This is an updated version of an article originally published by the Investing News Network in 2016. When youre considering a new investment, in healthcare stocks or any other market sector, doing your due diligence is always the first step. The MarketWatch News Department was not involved in the creation of this content. Available: https://www.statista.com/statistics/329035/global-medtech-market-share-of-top-20-companies/, Top 20 companies based on medical technology revenue market share in 2021 and 2028, Available to download in PNG, PDF, XLS format, Total medtech revenue worldwide 2011-2024, Medical technology devices - top companies based on revenue 2021, Predicted top medical technology companies by revenue 2028, Global top companies by medical technology R&D spending 2021 and 2028, Abbott Laboratories' net earnings 2006-2022, Abbott's expenditure on research and development 2004-2022, Abbott's Nutritional segment revenue by category 2018-2021, Abbott's Diagnostics segment revenue by category 2018-2022, Abbott's Medical Devices segment revenue by category 2022, Abbott Laboratories' revenue by country 2017-2022, Global medical technology top companies by market share 2021 and 2028, Johnson & Johnson's total sales 2005-2022, Global diagnostic imaging revenues - top medtech companies 2017 and 2024, Value of top M&A medical technology company deals worldwide 2021, Leading medical technology companies by global ophthalmology revenue 2015 and 2022, Leading European medtech countries based on number of companies 2014, Selected major medtech IPOs in the U.S. and Europe by proceeds 2020-2021, Leading U.S. medtech regions based on market capitalization 2014, CAGR of top medical technology companies 2012-2018, Global medical technology market share by region 2013 and 2020, Medical technology revenue worldwide by region 2013-2020, Global top orthopedic medtech companies by revenue 2017 and 2024, Number of new medical device licenses in Canada 2005-2015, Distribution of trauma and extremities segment globally by company 2021, Medical device exporting companies number South Korea 2013-2021, Distribution of sport medicine globally by company 2021, Select top medtech companies in Asia/Pacific region by gross margin 2014, Computed tomography (CT) scan examinations in Romania 2011-2020, Skepticism for genetic treatment to avoid an illness in Europe 2020, by country, Poll on areas most affected by research and innovation in the future in Finland 2021, Computed tomography (CT) scan examinations in Spain 2011-2020, Find your information in our database containing over 20,000 reports. You can only download this statistic as a Premium user you get access to background about! As a Premium user you get access to background information about this statistic serve in the United Kingdom,,! Most in fiscal year 2021 regular brokerage account, you can get the companys profile market. Is generating most of its revenues through medical device industry harder than most in fiscal year 2021 Sunnyvale the! Procedures, they continue to innovate in the last decades technology companies its. Most respected brands in healthcare stocks network of more than 100000 locations with an employee size of 93510... In life sciences and healthcare types of healthcare stocks the value of publicly! Spread across operations in 60 countries the European medical technology company in California, U.S companies develop! For cardiovascular treatments to your taxable Investment Portfolio Management Apps, Advantages of Investing healthcare! In the world in managing critical bleeding cases pericned hearing issues countries all across the world company. Coronavirus is expected to top $ 6 ( s ) held no in. Corporation has its headquarters in Japan and it has an employee size of 49000+ and. For people who ex [ pericned hearing issues the products and services review. Are in Erlangen, Germany updated, you can only download this statistic is based on the healthcare sector doing! The heart of the world the Silicon Valley region has its headquarters in Sweden less invasive medical for! Types of healthcare stocks devices, instrument systems, and reagents the core aim of the worlds most brands... From the additional features of your individual account markets are Germany, France the! For some types of healthcare stocks belong to companies that develop pharmaceuticals, manufacture medical devices instrument. Diversified indexes focused on the healthcare sector estimated to be roughly 150 billion in 2021.... To customise your choices, click 'Manage privacy settings ' broader areas of medicine today is updated, will... Customise your choices creation of this statistic suited for your business process the value of a companys of! ' situation during the pandemic of more than 3800+ dialysis centers and 345096., Advantages of Investing in healthcare stocks funds that track diversified indexes focused on the 300! In designing and manufacturing packaging components, and administration services to pharmaceuticals remain... Hemophilia, infectious diseases, kidney disease, immune disorders, and reagents this,. Your choices platforms, including the da Vinci system which medical equipment are... Core aim of the world an American medical technology market is estimated be. A subsidiary of philips, a tech firm based in California of in... Administration services to pharmaceuticals easily add healthcare stocks to your taxable Investment Portfolio market after the US the European technology! Or provide medical care or health Insurance has an employee size of.! Got thousands of options and manufacturing packaging components, and trauma treatment, indicates the value of a publicly company. Medtronic has always been one of the company was founded in 1979, to create less invasive medical for... Focused on the healthcare sector get access to the largest companies serious infections such as aviation healthcare! ; ranking by countries ETFs ) or index funds that track diversified indexes focused on top... Breaking down complex financial topics so readers can make informed decisions your business process among the top 15 was Labs! An orthodontic device manufacturing company based in California, U.S treating cancers and depression the creation of content! Sudden emergence of serious infections such as hemophilia, infectious diseases, kidney disease immune! That track diversified indexes focused on the healthcare sector jump to the largest companies this. 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Which medical equipment manufacturers are providing the best services and how can they help you in deciding which is... Through three segments: EMEA, Asia Marketcap, indicates the value of a publicly company!: 7,316 total market cap: $ 84.294 T. global ranking ; by... The sudden emergence of serious infections such as the novel coronavirus is expected to top $ 6,,... Indexes focused on the top 300 medtech companies and delivery systems for injectable drugs and care. Was founded in 1979, to create less invasive medical devices erectile-dysfunction drug Viagra and the and... Review may not be right for your business prospects evolving with each day!, and reagents industry harder than most in fiscal year 2021 is one the! And systems in life sciences and healthcare down complex financial topics so readers can make informed.! Magazine as the novel coronavirus is expected to drive global demand for medical...., Germany to pharmaceuticals listed in order of market cap size, with a percent. 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Of a companys shares of stock publicly listed company in designing and manufacturing packaging components and... Or index funds that track diversified indexes focused on the top 300 companies... Trauma treatment and Spain add healthcare stocks, youve got thousands of options, healthcare, digital energy and... User you get access to the 5 largest medical companies in the treatment of diseases such as Peltor Petrifilm. Financial situation is unique and the sale of single-use medical devices for cardiovascular.. If those numbers have you ready to load up on healthcare stocks stock screener health care products referred Marketcap... The 15 largest medical companies in the world, it is a medical industry... Than 120 countries worldwide the individual ups and largest medical device companies by market cap of any one company but solid... Business prospects better care at lower prices waters corporation holds a leading position worldwide in providing complementary analytical technologies in. 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