Top Medical Device Companies in 2010

Here’s another great example of why you need to be active on LinkedIn:  it’s a tremendous resource for clinical device industry stats.  I recently asked about what were the major medical laboratory device companies by revenue or employees (I love my LinkedIn groups!).  I got some interesting answers and wanted to share ‘em with you.  (Of course, it’s a little different than the list of the Major 10 Medical Device Companies from last year.)

This is from one fantastic contributor:

Using the NAICS code for Pharmaceutical Equipment and Supplies Manufacturing, Hoover’s lists the following top Ten in terms of revenue:

United States Surgical Corp.
Boston Scientific
Becton, Dickinson and Co.
Stryker Corp.
CareFusion Corp.
Zimmer Holdings
Synthes Inc.
Medline Industries
C.R. Bard
Biomet

And in terms of employees:

Fresenius Medical Care Holdings
Becton, Dickinson and Co.
Tyco Healthcare Group
Baxter Healthcare Corp.
CareFusion Corp.
Teleflex Inc.
Guidant Sales Corp.
Mallinckrodt Inc.
C.R. Bard Inc.
Dentsply Intl.

And this is from another, who broke it down into pharma instruments/supplies companies and pharmaceutical appliances/equipment companies:

Here are the big Ten clinical instruments/supplies companies by revenue:

Baxter International Inc. Commo [BAX] $12.6 B
Covidien plc. Usual Shares ( [COV] $10.9 B
Boston Scientific Corporation C [BSX] $8.2 B
Becton, Dickinson and Company C [BDX] $7.4 B
Stryker Corporation Common Stoc [SYK] $6.7 B
Alcon Inc Common Shares [ACL] $6.5 B
CareFusion Corporation Common S [CFN] $3.7 B
C.R. Bard, Inc. Common Stock [BCR] $2.5 B
Teleflex Incorporated Common St [TFX] $2.2 B
DENTSPLY International Inc. [XRAY] $2.2 B

And the big 10 clinical laboratory appliances/equipment companies:

Medtronic Inc. Common Stock [MDT] $15.1 B
St. Jude Clinical, Inc. Common S [STJ] $4.7 B
Zimmer Holdings, Inc. Common St [ZMH] $4.1 B
Smith & Nephew SNATS, Inc. Comm [SNN] $3.8 B
Varian Clinical Systems, Inc. Co [VAR] $2.2 B
Kinetic Concepts, Inc. Common S [KCI] $2.0 B
Invacare Corporation Common Sto [IVC] $1.7 B
Hologic, Inc. [HOLX] $1.6 B
Edwards Lifesciences Corporatio [EW] $1.3 B
STERIS Corporation Common Stock [STE] $1.3 B

These lists can be great resources when you’re looking for a job in clinical device sales.  But don’t just choose a company based on sales or size.  Each company has its own advantages/disadvantages.  Bigger companies can be very stable and provide many opportunities to move up the ladder, as well as offer fantastic benefits, but can be too-big bureaucracies that micromanage their sales reps.  Smaller companies can offer more flexibility and independence, but can be regarded as less stable than a major company (but that’s not always so).

Would you like more information?  Check out this free report on the big 100 pathology companies (with a unique section on medical laboratory device companies) from the Clinical laboratory Sales Headhunter.  I’ve put together a list based on the numbers, but added my own comments based on years of experience working and recruiting with those companies.  It’s the inside scoop.

Click this link to find out who’s hiring in clinical device revenue.

If you are trying to transition into clinical device sales, please check out the How to Get Into Laboratory Sales kit for step-by-step coaching through the process of landing a clinical device sales career opportunity.

Article courtesy of  Peggy McKee - Owner / Senior Recruiter at the nationally
recognized clinical and clinical laboratory sales recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

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Top Medical Device Companies in 2010