Reza Zahiri, PhD, MBA’s Post

𝐅𝐚𝐬𝐭𝐞𝐬𝐭 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬! I previously wrote about the revenue of some of the top #medicaldevice companies over the past 15 years. On average the #revenue growth of these companies has been roughly 60% (compound annual growth rate of 4%). But the revenue #growth has not been the same for all these companies. The following are some of the fastest growing medical device companies by revenue 1.     Stryker 2.     BD 3.     Medtronic 4.     Fresenius Medical Care 5.     Siemens Healthineers 6.     Boston Scientific   Time will tell if these companies can maintain their #momentum.   𝐋𝐢𝐦𝐢𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 Top-line growth is one of the key factors, when it comes to evaluation of financial strength of a business, but it also has its own limitations. Revenue growth alone does not fully represent the company's performance, as it benefits from #acquisitions and suffers from #divestitures. For the companies that are listed here, in some cases, the revenue growth has been organic while in other cases it has been achieved through major acquisitions. Acquisitions of #Varian by Siemens Healthineers for $16B, #Covidien by Medtronic for $43B, #Bard by BD for $24B, and #Sage, #WrightMedical, and #Vocera by Stryker for total of $10B are all good examples of this. Additionally, some of these companies have strategically divested some of their businesses. GE Healthcare selling its #BioPharma to Danaher for $21B, and Philips divesting its Lighting and most of its #ConsumerLifestyle are all good examples for this. To gain a deeper understanding on each of these companies, one must dive into their strategy, business model, product portfolio, global operations, and their overall financial and economics. Sources: MacroTrends, Google Finance, individual company financials * For European companies like Philips and Siemens I used their revenue growth in Euros and avoided conversion to USD. * For Philips I excluded the revenue from their lighting division and only included the revenue from Healthcare & Consumer Lifestyle. Philips divested 80% of its Consumer Lifestyle over the years. * Views and ideas are my own. The content that I provide here are intended to be educational only and are not financial advice. I have personal investment in several public and private tech and medtech companies, but always encourage the readers to do their own research.

𝐅𝐚𝐬𝐭𝐞𝐬𝐭 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬! I previously wrote about the revenue of some of the top #medicaldevice companies over the past 15 years. On average the #revenue growth of these companies has been roughly 60% (compound annual growth rate of 4%). But the revenue #growth has not been the same for all these companies. The following are some of the fastest growing medical device companies by revenue 1.     Stryker 2.     BD 3.     Medtronic 4.     Fresenius Medical Care 5.     Siemens Healthineers 6.     Boston Scientific   Time will tell if these companies can maintain their #momentum.   𝐋𝐢𝐦𝐢𝐭𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐠𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬 Top-line growth is one of the key factors, when it comes to evaluation of financial strength of a business, but it also has its own limitations. Revenue growth alone does not fully represent the company's performance, as it benefits from #acquisitions and suffers from #divestitures. For the companies that are listed here, in some cases, the revenue growth has been organic while in other cases it has been achieved through major acquisitions. Acquisitions of #Varian by Siemens Healthineers for $16B, #Covidien by Medtronic for $43B, #Bard by BD for $24B, and #Sage, #WrightMedical, and #Vocera by Stryker for total of $10B are all good examples of this. Additionally, some of these companies have strategically divested some of their businesses. GE Healthcare selling its #BioPharma to Danaher for $21B, and Philips divesting its Lighting and most of its #ConsumerLifestyle are all good examples for this. To gain a deeper understanding on each of these companies, one must dive into their strategy, business model, product portfolio, global operations, and their overall financial and economics. Sources: MacroTrends, Google Finance, individual company financials * For European companies like Philips and Siemens I used their revenue growth in Euros and avoided conversion to USD. * For Philips I excluded the revenue from their lighting division and only included the revenue from Healthcare & Consumer Lifestyle. Philips divested 80% of its Consumer Lifestyle over the years. * Views and ideas are my own. The content that I provide here are intended to be educational only and are not financial advice. I have personal investment in several public and private tech and medtech companies, but always encourage the readers to do their own research.

#Privateequity continues to make moves in the #medtech #meddevice space. A Reuters report has anonymous sources saying that a new deal with Medtronic is in the works.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐃𝐞𝐯𝐢𝐜𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲!   I previously wrote about the #revenue of some of the top #medicaldevice companies over the past 15 years. Looking at the same data from a growth perspective reveals that fifteen years ago, top 10 medical device companies had total revenue of $136 billion, today they have total revenue of $215 billion. That is total revenue growth of 60% (compound annual growth rate of 4%).   But the growth has not been the same for all these companies. The following are some of the fastest growing companies in the Medical Device Industry 1.      Stryker 2.      BD 3.      Medtronic 4.      Fresenius Medical Care 5.      Siemens Healthineers 6.      Boston Scientific   I must add that in some cases the revenue #growth has been #organic while in other cases it has been achieved through major #acquisitions. Acquisitions of #Varian by Siemens Healthineers for $16B, #Covidien by Medtronic for $43B, and #Bard by BD for $24B are all good examples of this. Additionally, revenue drop can be due to divesting a business. GE Healthcare selling its #BioPharma to Danaher for $21B is a good example for this. I will dive deeper into the growth rate of individual companies in my next post. Sources: MacroTrends, Google Finance, Individual filings * For Philips I excluded the revenue from their lighting division and only included the revenue from Healthcare & Consumer Lifestyle. Philips divested 80% of its Consumer Lifestyle over the years. * When converted to USD, European companies like Philips and Siemens are overly punished due to significant drop in the currency exchange rate (in 2009 Euro was 1.5 USD, in 2023 Euro was 1.1 USD) . * Views and ideas are my own. The content that I provide here are intended to be educational only and are not financial advice. I have personal investment in several public and private tech and medtech companies, but always encourage the readers to do their own research.