The world in which we live is changing fast as technology revolutionises nearly every facet of our daily lives. This is especially becoming more apparent in the global health-care industry where physical devices or smart systems powering these devices are assisting doctors and patients, helping them to connect in new ways. Data can now be transmitted in real time and physicians can treat life-threatening conditions much faster then they could have a few years ago.
With expanding horizons, there are an increasing number of jobs in medical devices available within many companies as the demand for research and innovation continues to grow. Here we take a look at the top 10 medical device organisations to watch in 2016.
10. Boston Scientific
Boston Scientific is a worldwide developer and manufacturer of medical devices whose products are used in a vast array of specialties including radiology, interventional cardiology, neuromodulation, vascular surgery and urology. The company earned revenues of $7.38bn in 2014, with just some of its devices including defibrillators, pacemakers, gastrointestinal stents, numerous imaging systems, lasers and lithotripsy. The company currently has more than 40 offices around the world and provides over 25,000 jobs.
Stryker is one of the world's leading medical technology companies that aims to make health care more effective and affordable. Currently the firm offers a diverse range of technologies including reconstructive, medical and surgical, and neurotechnology to help patients with various conditions to lead more active and rewarding lives. Revenues in 2013 exceeded $9bn in March 2016, the firm received FDA approval for its Tritanium Posterior Lumbar Cage to assist patients with degenerative disc disease.
Phillips Healthcare comprises 42% of the company's total global sales revenue; with more than 37,000 employees worldwide across 100 countries this firm is certainly one to watch in 2016. Although at the end of 2015, the company posted a net income loss of $43m, the company has nevertheless produced over 450 products and services relating to the health-care industry, and currently invests 8% of its sales in research and development. A net income loss of $43m also pales in comparison to it annual revenues of $10bn.
7. Abbott Laboratories
Abbott Laboratories deals primarily in diagnostics, medical devices, generic pharmaceuticals and nutritionals. Founded in 1888, today Abbott provides more than 70,000 jobs with 2014 global sales of $22bn. The company's portfolio includes minimally invasive treatment options that improve the care of patients with vascular disease, including coronary and carotid stents, catheters and other interventional tools. Abbott is also currently developing blood glucose meters that produce highly accurate results while simplifying the diagnostic process itself. Products produced by Abbott also extend to vision care such as contact lens care, astigmatism and corneal health.
6. GE Healthcare
GE Healthcare is one of the leaders in the medical device industry. Some of the firm's latest products include, Discovery IGS 740, a mobile angiography system, and Vscan with Dual Probe the world's first handheld ultrasound machine with two transducers in one probe. Other products include Invenia ABUS, an automated breast ultrasound machine. 2015 saw the firm bring in a net income of $1.68bn.
5. Baxter International Inc
Baxter International is an American-based health-care company with primary focus on treating haemophilia, kidney disease, immune disorders and other chronic and acute medical conditions. Baxter currently provides a broad portfolio of renal and hospital products including home, acute and in-centre dialysis, sterile IV solutions, biosurgery products and anaesthetics. The company has also expressed aims in expanding access to health-care in emerging and developed countries. The firm currently employs more than 50,000 individuals worldwide.
Roche is a multinational global health-care company that operates under two distinct divisions: Pharmaceuticals and Diagnostics. With revenues of more than $47bn in 2015, the company's diagnostics division aims to empower doctors to make the correct decisions for their patients at the right time. The company also aims to use diagnostics to ultimately reduce health-care costs by diminishing subsequent health problems, minimising hospitalisation and avoiding unnecessary treatments. In-vitro diagnostics have been so influential in global health-care systems that they are used in over 60% of decision making, yet account for just 2% of total health-care spending.
Medtronics is a large pharmaceutical and med tech company with, offices in Ireland and headquarters in Minneapolis. The company currently provides more than 85,000 jobs in 160 countries and is considered to be one of the biggest players in the medical device industry. In 2015 it raked in $2.68bn in net income, and last year it acquired Dublin-based Covidien to accelerate its three primary goals of therapeutic innovation, globalisation and economic value.
Germany-based Siemens had net income in 2015 of $5.25bn and is the largest medical device company in Europe. The company was founded in 1847 and currently provides more than 340,000 jobs worldwide. The firm works in clinical specialties and diseases such as oncology, infectious diseases, paediatrics, diabetes, and autoimmune disorders. Its physical devices range from medical imaging equipment and laboratory diagnostics to hearing aids.
1. Johnson & Johnson
The medical device unit of Johnson & Johnson (DePuy Synthes) is involved in the production of a vast variety of products that treat anything from orthopaedics to peripheral vascular and obstructive diseases. Earlier this year, although J&J cut 3000 jobs from its medical device unit, representing around 6% of the workforce, the company is seeking to gain approval for over 30 products by the end of this year. The firm had total revenues of $70bn in 2015, and capitalising on this growth it is now investing further in its diabetes care, surgery and orthopaedics and vision care.
ProClinical are currently recruiting for a number of vacancies at many of the companies listed above. If you are interested in working at one of the top medical device organisations in the world, please upload your CV to our candidate database or apply online to some of our current live jobs.