This statistic displays the top 10 medical technology companies based on research and development spending in 2021, and forecast spending in 2028. In 2021, Medtronic spent approximately 2.6 billion U.S. dollars on research and development, by 2028 R&D spending by Medtronic was forecast to rise to 3.4 billion U.S. dollars.
Top 10 companies based on medical technology R&D spending worldwide in 2021 and 2028
(in billion U.S. dollars)
Characteristic
2021
2028*
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R&D spend in 2021 based on company reported data.
Forecast medtech R&D spend based on a consensus of leading equity analysts’ estimates for company level R&D spend, extrapolated to medtech R&D when a company has non-medtech R&D activity.
Medtech R&D is not disclosed by a number of companies and this analysis is limited to those companies with sufficient disclosure.
* Forecast.
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Evaluate. (July 4, 2022). Top 10 companies based on medical technology R&D spending worldwide in 2021 and 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/329064/global-medtech-research-and-development-spending-in-top-20-companies/
Evaluate. "Top 10 companies based on medical technology R&D spending worldwide in 2021 and 2028 (in billion U.S. dollars)." Chart. July 4, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/329064/global-medtech-research-and-development-spending-in-top-20-companies/
Evaluate. (2022). Top 10 companies based on medical technology R&D spending worldwide in 2021 and 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/329064/global-medtech-research-and-development-spending-in-top-20-companies/
Evaluate. "Top 10 Companies Based on Medical Technology R&d Spending Worldwide in 2021 and 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 4 Jul 2022, https://www.statista.com/statistics/329064/global-medtech-research-and-development-spending-in-top-20-companies/
Evaluate, Top 10 companies based on medical technology R&D spending worldwide in 2021 and 2028 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/329064/global-medtech-research-and-development-spending-in-top-20-companies/ (last visited July 22, 2024)
Top 10 companies based on medical technology R&D spending worldwide in 2021 and 2028 (in billion U.S. dollars) [Graph], Evaluate, July 4, 2022. [Online]. Available: https://www.statista.com/statistics/329064/global-medtech-research-and-development-spending-in-top-20-companies/
