12 Best Medical Device Design Companies in USA and the UK

Medical Device Design Companies in USA and the UK are racing to develop cutting-edge technologies that will improve healthcare and save lives. These companies are constantly pushing the boundaries of what is possible, creating devices that can help people live healthier, happier lives.

Today, I bring to you everything you ought to know about some of the top Medical device design companies that design, develop, and manufacture medical devices that are used to diagnose, treat, and prevent disease.

These companies, ranging from small start-ups to multinational corporations, are working hard to bring their ideas to market and to make the medical practice seamless and worthwhile.

Top 12 Medical Device Design Companies in USA and the UK

See below;

1. Johnson & Johnson

2023 Market Capital: $429 billion

2023 Revenues (USD): $93.77 billion

Employment: 135,000

Johnson & Johnson is currently the world’s largest independent biotechnology company by market capitalization. It is headquartered in New Jersey and has consistently ranked as one of the world’s most admired companies. Since 1886, Johnson & Johnson has been at the forefront of the healthcare industry, developing innovative products that have made a real difference in people’s lives.

The company’s medical device division is a leading provider of orthopedic, surgical, interventional, and eye health products. Their products include a wide range of items such as artificial joints, surgical instruments, stents, contact lenses, and more. Whether it’s improving the lives of patients or providing everyday essentials, J & J is committed to making the world a healthier place.

2. Smith & Nephew plc

2023 Market Capital: $15.8 billion

2023 Revenues (USD): $5.4 billion

Employment: 15,500

Smith & Nephew plc, founded in 1856, is another world-leading medical device company based in Watford, United Kingdom. The company develops, manufactures, and markets a wide range of products for orthopedic, sports medicine, and wound care applications. These include advanced solutions for the treatment and prevention of various types of wounds, including leg ulcers, diabetic foot ulcers, pressure ulcers, burns, and post-operative wounds.

Smith and Nephew’s portfolio contains instruments and technologies for minimally invasive surgery. The company also offers a range of advanced wound bioactives, regenerative therapies, and advanced wound devices, including single-use negative pressure wound therapy and hydrosurgery systems.

3. Medtronic

2023 Market Capital: $137.2 billion

2023 Revenues (USD): $38.94 billion

Employment: 110,000

Medical Device Design Companies in USA and the UK

Medtronic PLC is one of the world’s largest medical equipment companies, Although Medtronic’s headquarters are now in Dublin, Ireland, the company has deep roots in the US, where it was founded in 1949.

The company remains a major player in the US healthcare system, with the vast majority of its sales coming from the US market. Medtronic produces products for patient care, monitoring equipment, surgical procedures, and various medical specialties such as cardiovascular, neurological, and diabetes care.

4. LivaNova PLC

2023 Market Capital: $1.8 billion

2023 Revenues (USD): $899 million

Employment: 2,800

LivaNova PLC is a global medical technology company with a rich history, having been founded in 1987 and now headquartered in London. The company is focused on the development of innovative products and solutions that improve the lives of patients around the world. LivaNova works closely with healthcare providers, including perfusionists, neurologists, neurosurgeons, and other physicians, to provide access to its products and services.

The company is divided into three distinct segments: Cardiopulmonary, Neuromodulation, and Advanced Circulatory Support. The Cardiopulmonary segment focuses on cardiopulmonary products, including oxygenators, heart-lung machines, and related equipment.

The Neuromodulation segment is dedicated to developing and marketing the VNS Therapy System, an implantable device that provides treatment for epilepsy, depression, and obstructive sleep apnea.

5. Abbott Laboratories

2023 Market Capital: $205.7 billion

2023 Revenues (USD): $46.7 billion

Employment: 140,000

Abbott Laboratories, founded in 1888 has evolved from a small drug company into one of the most influential healthcare and medical device companies in the world. Abbott Laboratories is an American healthcare giant based in Abbott Park, Illinois. The company has seven industrial divisions that cover various aspects of the healthcare industry, including diabetes care, diagnostics, molecular diagnostics, nutrition, point-of-care solutions, vascular care, and established pharmaceuticals

Aside from its core business aspect, Abbott has played a critical role in the global response to the Covid-19 pandemic. The company received an emergency use authorization (EUA) from the US Food and Drug Administration (FDA) for its molecular RT-PCR test on 18 March 2020, becoming one of the first companies to receive approval for a diagnostic tool to help fight the spread of the virus.

This was a major accomplishment for Abbott, demonstrating its commitment to public health and its ability to respond to global health crises.

6. Medica Group plc

2023 Market Capital: £172.7 million

2023 Revenues (GBP): £84.3 million

Employment: 840

Medica Group Plc is a leading teleradiology provider, based in Hastings, United Kingdom, and founded in 2004. The company provides a number of remote reporting services, such as emergency computerized tomography (CT) and MR reporting, routine cross-sectional and plain film reporting, and radiographer plain film services. They are dedicated to providing high-quality reporting services to healthcare providers across the UK and Ireland.

The company also provides specialist reporting services for multiparametric prostate magnetic resonance imaging, cardiac imaging, CT colonography, bone density examination, PET-CT, and CBCT imaging. These additional services are designed to provide comprehensive, tailored reporting solutions to meet the needs of healthcare providers.

7. Baxter International

2023 Market Capital: $46.7 billion

2023 Revenues (USD): $11.8 billion

Employment: 35,000

Baxter International Inc. is a healthcare company that was founded in 1931 and is headquartered in Deerfield, Illinois. Baxter is advancing healthcare with groundbreaking ideas. The company provides a long list of healthcare products, including peritoneal dialysis and hemodialysis therapies, IV solutions, infusion pumps, and drug reconstitution devices. Their products are used in intensive care units, and the company also provides parenteral nutrition therapies

Baxter International plays a pivotal role in the intersection of healthcare and innovation, providing life-saving and life-sustaining products to medical professionals who use them to care for patients around the world. Through a wide range of solutions, the company can improve the lives of patients at every stage of their journey, while enabling medical professionals to provide more individualized and intelligent care.

8. Creo Medical Limited

2023 Market Capital: N/A

2023 Revenues (USD): N/A

Employment: N/A

Creo Medical Limited, previously known as MicroOncology Ltd., was founded in 2003 and is based in Chepstow, United Kingdom. The company is a subsidiary of Creo Medical Group plc and specializes in developing innovative medical devices for surgical endoscopy. Its flagship product, Croma, is a versatile energy platform designed to provide optimal treatment options for patients and physicians.

Creo Medical offers a variety of medical devices for surgical endoscopy: Speedboat Inject, Speedboat Slim, MicroBlate Fine, MicroBlate Flex, SlypSeal Flex, and SpydrBlade Flex. — these devices provide a range of capabilities for cutting, coagulation, bleeding control, and more. The company is committed to advancing medical technology and improving patient outcomes through its innovative products.

9. Stryker

2023 Market Capital: $90.5 billion

2023 Revenues (USD): $17.1 billion

Employment: 43,000

Stryker is a major medical technology company in America, founded in 1941, and based in Kalamazoo, Michigan. The company has a long history of developing and manufacturing cutting-edge medical products that improve patient outcomes and hospital efficiency. Stryker also offers a wide range of surgical equipment, navigation systems, endoscopic devices, patient handling equipment, and emergency medical supplies.

The company’s sales declined by 3.6% in 2020, due to a decrease in medical procedures during the COVID-19 pandemic. Despite this setback, Stryker remains committed to its mission of providing innovative solutions for the healthcare industry.

10. Inspiration Healthcare Group plc

2023 Market Capital: £103.6 million

2023 Revenues (GBP): £70.9 million

Employment: 280

Inspiration Healthcare Group plc, headquartered in Crawley, United Kingdom, is a global medical device company that offers technology support services like installation, configuration, and maintenance of products.

Inspiration Healthcare Group also provides different kinds of products (patient warming systems, infusion therapy devices, and respiratory disposables) for adult intensive care. Additionally, the company distributes third-party products such as infusion therapy devices for parenteral feeding and chemotherapy applications.

11. Danaher Corporation

2023 Market Capital: $223.1 billion

2023 Revenues (USD): $28.2 billion

Employment: 75,000

Danaher began as a real estate investment trust in the 1950s but transformed in 1984 when it became a manufacturing company. Today, Danaher focuses on the life sciences and diagnostics sectors, producing a wide range of products that serve these industries. This evolution from a real estate investment trust to a diversified manufacturing company is a testament to Danaher’s ability to adapt and evolve.

Danaher aims to solve complex challenges and improve the quality of life across the globe. With over 20 operating companies spanning a variety of industries, including diagnostics, life sciences, environmental science, and applied solutions, Danaher is at the forefront of innovation in some of the world’s fastest-growing and most dynamic fields. With offices and operating companies located in countries around the world.

12. Kromek Group plc

2023 Market Capital: £38.2 million

2023 Revenues (GBP): £14.4 million

Employment: 400

Kromek Group, a UK-based company founded in 2013, is a leading developer and manufacturer of radiation detection devices and components. The company is committed to advancing the use of radiation detection technologies to improve health, safety, and security around the world.

Kromek Group products use high-resolution radiation detection technology to analyze the composition and structure of materials. These products are used in a variety of applications, such as identifying cancerous tissues, detecting hazardous materials like explosives, and analyzing radioactive materials.

My final thought on Medical Device Design Companies

Medical device design companies are a vital part of the healthcare ecosystem, driving advancements that can save lives and improve the quality of care. Their work, while challenging due to the regulatory environment and the need for precise and reliable solutions, has an enormous potential for a positive impact on global health.

These medical device design companies often revolve around their crucial role in healthcare innovation, thus, the need for strict adherence to safety and regulatory standards, and the importance of user-centric design.

These companies are at the forefront of developing technologies that can significantly improve patient care and outcomes.