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 medical device industry stats. I recently asked about what were the top medical 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 Medical 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 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 medical 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 top 10 medical 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 Medical 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 medical device sales. But don’t just choose a company based on revenue 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 big company (but that’s not always so).
Would you like more information? Check out this free report on the top 100 medical companies (with a unique section on medical device companies) from the Medical Sales 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 these companies. It’s the inside scoop. And don’t forget to use LinkedIn on your own as a resource.
Click here to find out who’s hiring in medical device sales.
If you are trying to transition into medical device sales, please check out the How to Get Into Medical Sales kit for step-by-step coaching through the process of landing a medical device sales job.
Written by Peggy McKee - the medical sales recruiter
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