3 months ago – It’s time to talk about the biggest and best medical device manufacturers.
We’re not talking about those like Microsoft or Google or Apple, but the ones that actually make medical devices and make it work.
The best ones are in the $1,500-$2,000 range.
The best devices in this category are: The Medtronic (X4 Pharmaceuticals) and Boeing Medical Devices (Boeings).
They’ve all been in the top 1% of device companies for the last several years.
The Medtronic was in the #1 spot for the past few years, and it’s still doing well today.
Boesing is still one of the most trusted companies in the US for medical devices, and that’s the reason the company is still in top 5.
If you want to know why, you can look at how their recent revenue has been compared to the rest of the medical device industry.
Boees sales have been growing rapidly over the last few years.
In 2015, it shipped a total of 15.7 million units of medical devices.
Last year, it was 17.2 million units, and this year it’s been at 15.3 million units.
That’s the growth rate of over 100%.
Boesers revenue was $7.5 billion, which was about $1.6 billion more than it made in 2015.
It’s an interesting story, and I wanted to dig into it further.
What I want to look at is the revenue growth of medical device makers over time.
Here’s a graph of Boesing’s revenue for the year ending June 30, 2020.
This is a chart that breaks down the revenue from the medical devices industry.
Boesers business model is to make devices and then sell them for profit.
Medical devices are one of many industries where medical devices companies have grown their revenue significantly over time, and their revenue is the most obvious indicator.
The graph shows that in the year 2020, Boesings revenue increased by an incredible 2.2%.
Besas revenue increased at a more modest rate of 0.3%.
The next graph shows Boesins growth over the past three years.
It shows that over the same time period, Besas sales increased by nearly 2.6%.
That is a tremendous growth rate, and the next graph gives us an even better look at the growth in the medical equipment industry.
The following graph shows the growth of Besos sales for the same period.
Again, it shows that medical device sales have increased by over 100% over the years.
What’s interesting about Boesin’s growth is that its only a tiny fraction of the overall medical device market.
So what happens when Boes is in the bottom 10%?
Well, it doesn’t matter much in the long run, as medical device revenue is so much bigger than medical device costs.
How much does medical device business really matter?
For starters, the overall value of medical hardware and medical device services is much larger than the overall market value of devices and services.
For example, medical devices can cost hundreds of thousands of dollars, whereas devices can sell for thousands of times that.
Also, medical device revenues are often a tiny portion of the total device business.
In 2020, medical hardware revenue was about 2% of total device revenues.
Now, it’s about 6%.
The next chart shows the same information for medical device operating systems.
There’s a huge difference between operating system revenues and operating system costs.
Operating system revenues are relatively small, as operating systems are usually bought for very low prices.
Operating system operating costs are typically around a few hundred dollars.
But medical device devices have become very expensive in the last decade, with many companies being forced to sell them at exorbitant prices.
Medical device operating costs in 2020 were around $6 billion.
These numbers are huge, and they reflect both the medical industry’s increasing reliance on medical device technology, as well as the fact that medical devices are a large part of the world’s healthcare.
The second graph gives an even more detailed look at Boes revenue.
First, it looks at medical device gross margins.
Gross margins are a percentage of total revenue.
Medical device gross margin is much higher than that.
Second, it breaks down medical device cost per device.
What you see in the second graph is that medical technology companies have become much more expensive over the decade.
They now spend hundreds of millions of dollars a year to produce medical devices for very small profits.
Over that same time, medical equipment gross margins have also been rising, but not by enough to justify that expense.
Third, we look at medical devices operating margins.