8 Largest Diabetic Supply Companies in the World

The term “Diabetes” describes a group of metabolic disorders that affect the body’s blood sugar levels and ability to produce insulin properly. People who contend with diabetic conditions must carefully monitor their diets and blood sugar levels, and some have to take insulin shots when they eat.

Many medical supply companies step forward to meet this constant demand for blood testing equipment, insulin syringes, and analytical technology, making some pretty high profits in the process. So just how much money can diabetic supply companies make? Today we’ll be looking at 8 of the largest medical and diabetic supply companies in the world and ranking them according to revenue while we learn what sets each one apart.

  1. Stryker

Revenue: $13.6 billion
Number of Employees: 33,000
Headquarters Location: Michigan, USA
Year Founded: 1941

Stryker  Source: wikimedia.org

Stryker operates through three streamlined business segments on paper: Medical and Surgical, Orthopedics, and Neurotechnology and Spine. However, this company also supplies diabetic equipment such as glucose meters, insulin syringes, and test strips for blood and urine. The company was founded by an orthopaedic surgeon named Dr. Homer Stryker, who wanted to invent medical equipment to meet patients’ needs more effectively.

Did You Know?

Stryker sells its products and equipment in more than 100 countries around the world.

  1. Siemens Healthineers

Revenue: $15.4 billion
Number of Employees: 45,000
Headquarters Location: Munich, Germany
Year Founded: 2017

Siemens Healthineers  Source: wikimedia.org

This German medical supply company originally started out as a small family company in Berlin. They produce all kinds of medical equipment, but they’re a market leader when it comes to diabetes testing. Siemens Healthineers primarily provides diabetic testing equipment for professional medical facilities rather than for individual consumers, such as blood analyzers that provide quick results during patient consultations.

Did You Know?

While Siemens Healthineers is headquartered in Munich, it extends its products to multiple other countries, including the United States.

  1. Cardinal Health

Revenue: $15.6 billion
Number of Employees: 50,000
Headquarters Location: Ohio, USA
Year Founded: 1971

Cardinal Health  Source: flickr.com

This diabetic supply company actually has two headquarters locations: one in Dublin, Ireland and one in Dublin, Ohio. Cardinal Health manufactures all kinds of medical supplies, pharmaceuticals, and surgical apparel for more than 75 percent of the United States’ hospitals. The company gained some of this reach by acquiring AssuraMed, a direct-to-home provider of medical supplies.

Did You Know?

Cardinal Health has been investigated by the DEA more than once for allowing purchases of excessive opioid controlled substances.

  1. Abbott Laboratories

Revenue: $18.9 billion
Number of Employees: 103,000
Headquarters Location: Illinois, USA
Year Founded: 1888

Abbott Laboratories  Source: wikimedia.org

This medical and diabetic supply company specializes in the manufacturing and distribution of blood testing and analysis equipment. Abbott is also one of the oldest pharmaceutical companies in the United States, and is known for its antibiotic Biaxin. The company currently emphasizes its efforts to make glucose testing more accessible and convenient so that people with diabetes can live happier, healthier lives.

Did You Know?

Abbott has set plans in motion to amp up the manufacturing of their affordable blood glucose monitors, Libre, in 2019 in order to make them more accessible to the increasing diabetic population.

  1. GE Healthcare

Revenue: $19.8 billion
Number of Employees: 54,000
Headquarters Location: Illinois, USA
Year Founded: 1994

GE Healthcare  Source: wikimedia.org

As you might expect, GE Healthcare operates as a subsidiary of the General Electric company and largely focuses on diagnostic, analytic, and imaging equipment in the medical field. While diabetes is first assessed through blood and glucose tests, MRI’s are often used in diagnosing or ruling out rare diabetic complications. That’s where GE Healthcare steps in to help with cutting-edge scanning technology.

Did You Know?

GE Healthcare set their sights on the future by partnering with NVIDIA to utilize AI for faster image processing and predictive analytics.

  1. Thermo Fisher Scientific

Revenue: $24.4 billion
Number of Employees: 70,000
Headquarters Location: Massachusetts, USA
Year Founded: 2006

Thermo Fisher Scientific  Source: wikimedia.org

This biotechnology product development company was created through the merger of Thermo Electron and Fisher Scientific in 2006. Thermo Fisher Scientific produces diabetic supplies such as test strips, glucose tolerance test beverages, and WBC analyzers. Alongside diabetic testing products, the company also produces pharmaceutical products and medical research software.

Did You Know?

In 2012, Thermo Fisher Scientific sold Opengate Capital Group LLC, a Mexican plant. However, they failed to mention that it was connected to a local drug cartel, which resulted in a lawsuit in 2013.

  1. Medtronic

Revenue: $29.9 billion
Number of Employees: 86,000
Headquarters Location: Dublin, Ireland
Year Founded: 1949

Medtronic  Source: wikimedia.org

Medtronic operates through four main business divisions: the Diabetes Group, the Minimally Invasive Therapies Group, the Cardiac and Vascular Group, and the Restorative Therapies Group. Diabetic supplies provided by Medtronic include insulin pumps and pacemakers. Unfortunately, their insulin pumps include software which has been revealed to have some security risks that may compromise the data they collect.

Did You Know?

This diabetic supply company places a noticeable focus on community, helping people who contend with diabetes to find support from others who share their struggles.

  1. Johnson & Johnson

Revenue: $81.6 billion
Number of Employees: 2,400
Headquarters Location: Pennsylvania, USA
Year Founded: 1886

Johnson & Johnson  Source: wikimedia.org

Johnson & Johnson is the largest diabetic supply company in the world according to revenue. This company used to primarily manufacture diabetic supplies through DePuy Synthes, which was acquired by Johnson & Johnson in 1998, until it sold the DePuy Synthes subsidiary to Platinum Equity in 2018. However, despite this transaction, Johnson & Johnson still continues to manufacture diabetic supplies and equipment.

Did You Know?

Johnson & Johnson hosts a summer camp where diabetic children from around the world can go for a safe summertime experience.

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