Big Three Lead From The Front With Medtech Back On Solid Growth Footing

Most Of The Medtech Top 10 Got Back To Winning Ways On Revenues With Some Unexpected Exceptions

Abbott Laboratories and Johnson & Johnson joined Medtronic in putting a clear distance between themselves and other global medtechs in the Top 10 by revenues for 2021. Post-COVID-19 procedure growth, and, for Abbott, a strong rebound in non-COVID diagnostic demand, were key drivers.  

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Abbott Laboratories joined Medtronic in recording more than $30bn in revenues In 2021, the first year that the medical devices and diagnostic industries have had two companies exceeding this threshold.

In the next year or two, Johnson & Johnson might also join the club if it consolidates progress made in putting on almost 18% more revenues in 2021 to reach $27.1bn

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