Drug Delivery Business

These 10 medtech companies care a lot about research

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Among the world’s largest medtech companies, these 10 spent the largest portion of their budgets on research and development. So what have they produced?

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[Image from Unsplash]
Every year, Medical Design & Outsourcing pulls financial regulatory filings and reaches out to major, companies in some cases to create a list of the 100 largest medical device companies in the world, ranked by annual revenue for their medical device operations.

On top of ranking by annual revenue, we also look at R&D spending because companies that spend a large portion of their budgets on research are worth keeping an eye on. Such companies are making a bet that spending on research today will allow them to succeed over the long-term by creating important innovations.

Here are the 10 medical device companies that spent the largest portion of their budgets on research during their most recent fiscal years, along with the devices the R&D has helped create.

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About Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.