Company (Division)


2007 Revenues
($ billions)


2006 Revenues
($ billions)


Variance
(%)



Stock Exchange; Symbol

Johnson & Johnson Inc.

21.736

20.283

7.2

NYSE: JNJ

GE Healthcare (General Electric Co.)

16.997

16.560

2.6

NYSE: GE

Siemens Medical Solutions (Siemens AG)a

14.350
11.584
23.9
NYSE: SI

Medtronic Inc.b

12.936
12.107
6.9
NYSE: MDT

Baxter International Inc.

11.263
10.378
8.5
NYSE: BAX

Covidien Ltd.c

10.033
9.482
5.8
NYSE: COV

Philips Medical Systems (Royal Philips Electronics)a

8.929
8.898
0.0
NYSE: PHG

Boston Scientific Corp.

8.357
7.821
6.9
NYSE: BSX

Roche— F. Hoffmann-La Roche Ltd.d

7.990
7.177
11.3
VTX: ROG.VX

Becton Dickinson & Co.

6.543
5.846
11.9
NYSE: BDX

Abbott

6.300
5.200
21.2
NYSE: ABT

Stryker Corp.

6.001
5.147
16.6
NYSE: SYK

Cardinal Health Inc.

5.042
4.240
18.9
NYSE: CAH

Olympus Corp.e,f

4.191
3.786
10.7
TSE: 7733

3M Healthcare (3M Co.)

3.968
4.011
-1.1
NYSE: MMM

Zimmer Holdings Inc.

3.898
3.495
11.5
NYSE: ZMH

St. Jude Medical Inc.

3.779
3.302
14.4
NYSE: STJ

Smith & Nephew plc

3.369
2.779
21.2
NYSE: SNN

Beckman Coulter Inc.

2.761
2.529
9.2
NYSE: BEC

Synthes Inc.

2.760
2.392
15.4
VTX: SYST.VX

Terumo Medical Corp.e,g

2.598
2.322
11.9
TSE: 4543

Fresenius Medical Care AG

2.506
2.122
18.1
NYSE: FMS

Alcon Inc.

2.500
2.204
13.6
NYSE: ACL

Carestream Health Inc.g,h (Onex Corp.)

2.497
2.497
0.0
TSX: OCX

C.R. Bard Inc.

2.202
1.980
11.2
NYSE: BCR

Totals

173.506
158.142
9.7
 

aFinancial data originally reported in euros; average conversion rate for 2007: € = $1.38
bRevenues for the 12-month period ending January 25, 2008
cSpun off from Tyco Healthcare; began trading on NYSE as Covidien Ltd on July 2, 2007
dFinancial data originally reported in Swiss Francs; average conversion rate for 2007: CHF= $0.8545
eFinancial data originally reported in Japanese Yen; average conversion rate for 2007: ¥= $0.00084
fFinancial forecast for year ending March 31, 2008; includes medical and life science segments
gEstimated; some financial data unavailable
hFormerly Kodak Health Group; renamed Carestream Health Inc. upon sale to Onex Corp. in April 2007

Sales revenues of world’s top 25 public medtech firms for the 12-month period ending December 31, 2007, regardless of company fiscal year. Only divisions reporting medical product revenues are included; pharmaceutical, consumer-product, and healthcare services divisions are excluded. All financial data obtained from company financial reports.