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Medical Device Companies Eke Out Growth In Tough Market, Finds Latest Kalorama Report
Date:5/9/2013

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In a slower-growing device market, there was little room for new entrants and giants dominated. Johnson & Johnson is the world’s largest medical device company, followed by imaging giants GE Healthcare and Siemens and cardiology and spinal device expert Medtronic. Other leading companies were Stryker, Covidien and Philips.

Emerging markets were a key strategy for leaders and the report notes a new trend last year: the acquisition of Chinese local companies by device giants. Johnson & Johnson acquired local Chinese company Guangzhou Bioseal Biotechnology Co. Ltd, while Medtronic announced it would acquire China Kanghui Holdings, a developer and producer of trauma and spine orthopedic transplants.

The full report, "The Global Market for Medical Devices, 4th Edition" covers these trends, lists company revenues and provides estimates of specific device markets. The report is available from Kalorama Information at http://www.kaloramainformation.com/Global-Medical-Devices-7546398/.

Read the full story at http://www.prweb.com/releases/2013/5/prweb10709233.htm.


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