Big Medical Device Companies in 2010

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

This is from one outstanding contributor:

Using the NAICS code for Medical Equipment and Supplies Manufacturing, Hoover’s lists the following top 10 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 Laboratory 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 pathology instruments/supplies companies and pharma appliances/equipment companies:

Here are the major 10 medical instruments/supplies companies by revenue:

Baxter International Inc. Commo [BAX] $12.6 B
Covidien plc. Ordinary 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 appliances/equipment companies:

Medtronic Inc. Common Stock [MDT] $15.1 B
St. Jude Medical, 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 Lab 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 excellent 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 no cost report on the big 100 clinical companies (with a unique section on medical device companies) from the Pharma 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 these companies.  It’s the inside scoop.

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

If you’re trying to transition into laboratory device sales, please check out the How to Get Into Pharmaceutical Revenue kit for step-by-step coaching through the process of landing a clinical device sales job.

Article courtesy of  Peggy McKee - Owner / Senior Headhunter at the nationally
recognized medical and lab revenue recruiting team of PHC Consulting.
© Copyright 2008 PHC Consulting | All rights reserved

Related posts:

1. Medical Device Industry Job Market Trend for 2010 Hey, laboratory device sales reps: www.orthogate.com says that 55% of…
2. Leading 100 Clinical and Health Care Companies Are you looking for a job in the medical or…
3. How to Get a Position in Clinical Device Sales Medical device sales is a hot revenue category.  Because it’s…

Top Medical Device Companies in 2010