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Leading medical device companies by R&D Expenditure

This month our new medical device industry key list brings you the 15 largest medical device companies by R&D expenditure as ranked by GlobalData's Medical Intelligence Centre. All numbers as of December 2019.

Company nameR&D expenditure ($million)Headquarters locationNumber of employees
F. Hoffmann-La Roche Ltd11,294Switzerland


Johnson & Johnson10,775US135,100
Novartis AG8,681Switzerland108,000
Abbott Laboratories2,288US103,000
Medtronic Plc2,253Ireland86,000
Koninklijke Philips NV1,986Netherlands77,340
3M Co1,821US93,516
Siemens Healthineers1,444Germany50,300
Danaher Corp1,231US71,000
Boston Scientific Corp1,113US32,000
Becton Dickinson and Co1,006US76,032
GE Healthcare LLC991US54,000
Stryker Corp862US36,000
Olympus Corp807Japan35,933
Fresenius SE & Co KGaA794Germany283,795