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Excellence Rankings 2022

Rankings: Business Expansion

Business Expansion is one of our largest categories and looks at the core functions of business operations within the sector

By Mihail Gyurev

Excellence Rankings 2022

The Excellence Rankings celebrate the greatest achievements and innovations in the industry. The programme provides a platform to recognise the people and companies that are driving change.

Our programme is designed to highlight excellence within the sector by looking at a range of corporate activities including deals, business projects and company initiatives, both internal and in the community.

What is Business Expansion?

Business Expansion is one of our largest categories and looks at the core functions of business operations within the sector.

This consists of any projects that have expanded the company’s footprint in the sector, including: contract wins; launching in new territories; launching new product lines; the acquisition and expansion of facilities and real estate; acquisition of new machinery or other assets; improved logistics; partnerships; and significant staff increases.

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Themes

One clear trend during the research period is the marked increase in investment in telemedicine platforms, undoubtedly the result of Covid restrictions, and something also evident in our Hospital Management rankings.

Another key theme is the development of various, mostly Covid specific, diagnostic tools, with the pandemic also leading to a scaling up of production of said tools.

The third clear trend is automation and this research period has been dominated by the development of medical procedures using robotic and AI solutions as well as the introduction of various cancer specific diagnostic solutions.

Ranking Categories

Manufacturing

COMMENDED
CapeBioLightDeck DiagnosticsMolGen
Custom Wire TechnologiesMerckSpeeDx
GE Healthcare

This category focuses on medical device companies that have made significant contributions in the field of device manufacturing. This could be in the form of increased production output, but could also be a contribution to the rationalisation of production.


Portfolio Expansion

COMMENDED
EvonikNHSPsomagen
MicrobixProject N95SpeeDx

This category highlights medical device companies and healthcare providers that have invested in the expansion of their physical assests.


Supply and Distribution

COMMENDED
Areum BioChembio DiagnosticsOCON HealthcareTackleberries
AZOVACue HealthOrtho Clinical Thermo Fisher
BaebiesDotz NanoPharmed Vivera
BeovitaLonghorn Vaccines & DiagnosticsPharmXGen Worldwide Clinical Labz
Boditech MedMediLifestyleSiO2 Materials Science XPhyto Therapeutics
CelltrionMyBioSQI Diagnostics

The Supply and Distribution category highlights companies who have distinguished themselves in improving logistics and bringing medical devices to the market.


Technology

COMMENDED
Johnson and JohnsonMicrosoftUniversity of Rochester

This category includes companies that have successfully marketed their technology and IT focused medical device products.

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