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Global Medtech Recovers Core Growth After A Year Like No Other

Analyzing The Latest Medtech 100 League Tables

 
• By Ashley Yeo

With many medtechs restructuring for core growth in the post-pandemic era, Abbott relied on organic growth in 2022 to move to the top of the global medtech ranking. The strength of the US dollar was not kind to companies reporting in local currencies.

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It has been several years since Medtronic plc has not topped the annual Medtech 100 ranking of global medical device, diagnostic and digital health companies by revenues. But that was the outcome after the latest fiscal year-end reports were filed.

Both Medtronic and Abbott exceeded $31.2bn in revenues, with Abbott shading the contest by $40m after Medtronic reported a 1.4% decrease in 2022-2023 revenues

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