The healthcare industry in the United States and around the world is massive. With hundreds of manufacturing firms all competing against one another, your knowledge, speed and delivery is the key to success.
Here is a list of the five largest healthcare manufacturers.
Cardinal Health, Inc. – Cardinal Health opened its doors as a food wholesaler. After acquiring Bailey Drug Company, Cardinal started selling pharmaceuticals. Today, Cardinal Health ranks 18 on the Fortune 500 list with annual revenues of $97 billion. Cardinal leads the way in the research and development of new drugs and equipment.
Johnson & Johnson – The maker of Band-Aid bandages, Tylenol and baby products is also a leader in the manufacturing of medical equipment. Johnson & Johnson has held down a spot on the Fortune 500 list for decades with annual revenues of more than $61 billion.
St. Jude Medical, Inc. – St. Jude Medical specializes in the development and manufacture of medical devices with annual revenues of more than $5 billion. St. Jude sells its products in more than 100 countries and operates 20 facilities worldwide. Their products include pacemakers, spinal cord stimulators, heart valves and defibrillators.
Boston Scientific Corporation – Boston Scientific manufactures interventional medical devices including the Taxus Stent, a device used to open clogged arteries. Boston Scientific brings in $7 billion in annual revenue.
Medtronic, Inc. – Medtronic is also listed on the Fortune 500 with annual revenue of more than $12 billion. Founder Earl Bakken and Palmer Hermundsile started their business out of a garage, repairing and selling medical equipment. Today, the company is known for building wearable artificial pacemakers.
These giants frequently procure the parts they need from small manufacturers, which serves as a significant opportunity for those who can deliver the right parts in a fast and efficient manner. Bring your designs to Product Development Solutions and break into this lucrative market today.