Major 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 medical device industry stats.  I recently asked about what were the big clinical device companies by revenue 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 Top 10 Clinical 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 Pharmaceutical 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 clinical instruments/supplies companies and medical appliances/equipment companies:

Here are the top 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 medical 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 position in medical 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 outstanding benefits, but can be too-big bureaucracies that micromanage their revenue 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 medical companies (with a unique section on laboratory device companies) from the Medical Revenue Recruiter.  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 here to find out who’s hiring in clinical device revenue.

If you are trying to transition into clinical device revenue, please check out the How to Get Into Medical Sales kit for step-by-step coaching through the process of landing a laboratory device revenue job.

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

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Top Medical Device Companies in 2010