Major Medical Device Companies in 2010

Here’s another great example of why you have 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 ‘em 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 amazing contributor:

Using the NAICS code for Clinical Equipment and Supplies Manufacturing, Hoover’s lists the following big 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 Clinical 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 laboratory instruments/supplies companies and medical appliances/equipment companies:

Here are the top 10 clinical 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 pharma 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 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 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 revenue 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 no cost report on the major 100 pharmaceutical companies (with a unique section on pharmaceutical device companies) from the Clinical 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.

Click here to find out who’s hiring in medical device sales.

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

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

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Top Medical Device Companies in 2010