MEDICAL EQUIPMENT E1399GYLT SOFTWARE

Abbott’s medical devices and diagnostics divisions grew well, up 13% on a year-on-year basis. With 107,000 employees worldwide, the company is well known for creating breakthrough products in diagnostics, medical devices, nutrition and branded generic pharmaceuticals. Founded over 130 years ago, Abbott is headquartered in Illinois and delivers medical devices and healthcare solutions to more than 160 countries. This approach is resonating more strongly than ever”.Īmerican multinational, Abbott, secures its place in the top 3 medical device companies this year. Increasingly, we are able to connect home and hospital care through telehealth platforms. At the same time, we help consumers to live healthier lifestyles and to cope with chronic disease. In a letter to shareholders, CEO, Frans van Houten commented “The developments of the past year validate our strategy to innovate the provision of care along the health continuum – putting the patient at the centre, improving diagnosis and treatment pathways, enabling the integration of care across care settings, and increasing care provider productivity. Connected care grew well, with a strong performance for monitoring & analytics and sleep & respiratory care, mainly driven by Covid-19-generated demand. For diagnosis and treatment, sales declined slightly, with weak growth for diagnostic imaging, and a decline for image-guided therapies and ultrasounds. This was as a result of a stronger performance in the second half of the year, following a challenging first half due to the impact of Covid-19. In 2020, Philips’ health products and solutions delivered 6% year-on-year growth, with sales reaching $22.6bn (€19.1bn), positively impacted by a more favourable currency exchange rate. Philips’ health care division makes up 42% of their global revenue and is made up of three key areas: Diagnosis & Treatment, Connected Care, and Personal Health. With over a hundred years in business, Philips is a diversified technology company. Healthcare remains focused on breakthrough imaging technologies with digital at the forefront”. Through it all, we invested for the future, launching more than 40 new products and acquiring Prismatic Sensors, which specializes in photon-counting CT technology. commented “Healthcare grew revenue organically and delivered strong margin and cash performance in 2020. In an annual letter to their shareholders, CEO, H. However, life care solutions performed well with quadrupled Carescape R860 ventilator production capacity and increased manufacturing capacity of other technologies used in the diagnosis and treatment of Covid-19. In 2020, sales fell by 10% due to the disposition of BioPharma, now known as Cytiva, which manufactures medical equipment to support the biotech industry.

MEDICAL EQUIPMENT E1399GYLT SOFTWARE

With a broad portfolio of products, GE Healthcare is widely recognised for its imaging, ultrasound, software and life care solutions. Moving forward, the company continues to progress with their digital transformation and remains committed to supporting healthcare providers by empowering them on their journey towards expanding precision medicine, transforming care delivery, and improving patient experience.Ī staple to the top 10 is leading global medical technology and life sciences company, GE Healthcare. In imaging, computed tomography in particular reported very strong growth because CT scans became increasingly important for treating Covid-19 positive patients. There was slight growth on a comparable basis in the imaging and advanced therapy segments. The company’s revenue decreased slightly, with sales down by 3% at $17.0bn (€14.5bn) this was due to a decline for diagnostics, because of less routine testing appointments due to social restrictions put in place to manage the spread of Covid-19. Headquartered in Germany, Siemens Healthineers is the medical technology branch of automation and electrics conglomerate Siemens. Siemens Healthineers remains in eighth place on the list of top medical device companies.

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