Top 10 Big Medical Companies in the US in 2021 by Revenue

Johnson & Johnson, Abbott Laboratories, Thermo Fisher Scientific Inc, 3M Co, and Danaher Corp are the top 5 big medical companies in the US in 2021 by revenue. Cumulatively, the top 10 big medical companies in the world generated revenue of $346,800 million, with average revenue growth of 17.1%, where the highest revenue was generated by Johnson & Johnson ($93,775 million), followed by Abbott Laboratories ($43,075 million) and Thermo Fisher Scientific Inc ($39,211 million), while the lowest increase was registered by GE Healthcare ($17,725 million). As of FY2021, the highest revenue increase among the top 10 big medical companies in the US was posted by Danaher Corp (32.2%), followed by Abbott Laboratories (24.5%), while Kimberly-Clark Corp registered the lowest revenue growth of 1.6%. They employed a total of 760,700 people in 2021. The United States of America-based Johnson & Johnson is the leading big medical company in the US (by revenue). The company reported revenues of $93,775 million for the fiscal year ended January 2021 (FY2021), an increase of 13.6% over FY2020. The company develops, manufactures, and sells pharmaceutical products, medical devices, and consumer products. J&J distributes pharmaceutical and medical products to retailers, wholesalers, health care professionals, and hospitals, and offers consumer products through retail outlets and distributors. The company conducts its business through more than 260 operating companies in over 60 countries globally. In FY2021, the company had 85 manufacturing facilities, with 26 in the US, 25 in Europe, 25 in Africa, Asia-Pacific, and 9 in the Western Hemisphere (excluding the US). The company employs 141,700 people. Abbott Laboratories is one of the leading big medical companies in the US (by revenue). The company reported revenues of $43,075 million for the fiscal year ended December 2021 (FY2021), an increase of 24.5% over FY2020, due to growth in sales of routine diagnostic testing performed in hospitals and other laboratories. The company discovers, develops, manufactures, and sells a diversified range of healthcare products including branded generic pharmaceuticals, diagnostic systems and tests, and pediatric and adult nutritional products. Abbott has 90 manufacturing facilities across the world, and it sells products in more than 160 countries. The company employs 113,000 people.