Modern medical device development starts with the pioneering work of medical device engineering companies. These companies live on the front edge of medical technology, paving the way for healthcare improvements and solutions. With recent breakthroughs in medical technology innovation, from precision care to artificial intelligence, medical device companies will play an important role in shaping the healthcare industry.
Some of these companies have been impacting healthcare for decades, while others have demonstrated more recent impact in medical device engineering. Here’s a comprehensive look at the top medical device companies in 2024.
5 Medical Device Companies Leading the Future of Impact
GE HealthCare
GE HealthCare has topped the list globally for medical technology for over a century. The $18.3 billion company focuses on providing empowering and efficient technology and enabling better patient care through innovative medical devices and digital solutions.
Though they develop a wide range of products, from ultrasound technology to pharmaceutical imaging agents, GE HealthCare has recently been making waves in AI solutions and medical imaging analysis. Ongoing projects include using artificial intelligence to predict Alzheimer’s with PREDICTOM®, making strategic partnerships to advance integrated patient monitoring and on-device triage capabilities, and expanding their MIM Software to improve patient outcomes.
Integra LifeSciences
Integra LifeSciences is a New Jersey-based medical device company that began in 1989 with the development of an engineered collagen technology platform for tissue reconstruction and regeneration. This technology became the basis for Integra’s range of medical device products, which now serve as healthcare essentials in hospitals around the world.
With locations globally and increasing innovations in surgical and repair technology, Integra LifeSciences stands out as a leader among biomedical device companies. The company continues to create innovative and relevant products for healthcare professionals, from instrumentation and lighting to neurosurgery to surgical reconstruction.
Masimo
Masimo found its beginnings as a private startup company in 1989. Now, the company has built and expanded on its signature Masimo SET® technology to become the global name in pulse oximetry development and production, in addition to other monitoring technology.
Masimo SET® devices have been used on over 200 million patients worldwide, consistently outperforming other pulse oximeter devices, which led the company to lead the industry in pulse oximetry technologies. The company continues innovating and developing products for hospitals and households that improve patient outcomes and reduce healthcare costs.
Medtronic
Medtronic is headquartered in Dublin, Ireland, and has been advancing healthcare technologies for 75 years. In 1957 the company was the first to engineer a battery-powered pacemaker and continued with a powerful history of innovations, including prosthetic heart valves, neurostimulation, implantable defibrillators, remote monitoring systems, and more.
Now, Medtronic is the top medical device company globally in revenue and is continually expanding the horizon of medical device engineering. With new capabilities in AI, the company hopes to transform robotic-assisted surgery systems, enhance disease detection, and improve chronic disease management.
Johnson & Johnson MedTech
Johnson & Johnson has been a household name for more than 135 years. With a commitment to transforming healthcare at the intersection of biology and technology, the company continues to equip clinicians and enhance patient experiences.
MedTech is Johnson & Johnson’s dedicated medical device branch, focused on developing less invasive, more personalized treatments and technologies. From their ACUVUE® contact lenses to their QDOT MICRO® catheter, the company produces a wide range of highly engineered medical products for orthopedics, surgery, interventional solutions, and vision care.
Living On the Forefront of Healthcare: Get Involved With Medical Device Development Companies
Healthcare technology development has the power to transform patient outcomes and revolutionize disease prevention and treatment. Joining the future of medicine in the medical device engineering industry begins with the right training and degree.
Keck Graduate Institute’s Master of Science in Medical Device Engineering prepares students for engineering and related roles in medical device research, development, and production in specialties such as in-vitro diagnostics, assistive technology, or drug delivery. The accelerated MSMDE program can be completed in just two semesters and expands graduates’ career opportunities in the world of medical device development. Learn to harness technology to meet healthcare needs and solve real-world problems by pursuing your MSMDE at Keck Graduate Institute.
