Leading Laboratory Device Companies in 2010

Here’s another great example of why you have to be active on LinkedIn:  it’s a tremendous resource for pharma device industry stats.  I recently asked about what were the major medical 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 excellent contributor:

Using the NAICS code for Clinical 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 clinical instruments/supplies companies and lab appliances/equipment companies:

Here are the major 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 top 10 medical appliances/equipment companies:

Medtronic Inc. Common Stock [MDT] $15.1 B
St. Jude Laboratory, 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 career opportunity in laboratory 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 sales reps.  Smaller companies can offer more flexibility and independence, but can be regarded as less stable than a leading company (but that’s not always so).

Would you like more information?  Check out this free report on the big One hundred clinical companies (with a unique section on pathology 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 this link to find out who’s hiring in clinical device sales.

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

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

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Top Medical Device Companies in 2010