The biggest surgical device players in 2018 – the results are in!
It’s been a big year for the surgical devices market. From exciting developments in surgical robotics, to big changes to the NHS and procurement, there’s a whole lot going on.
In the midst of all of this, there are some truly giant players. The same names came up time and time again during the creation of our UK Surgical Devices Report 2018 as the biggest players in the space, and it’s easy to see why…
The top four according to our UK Surgical Devices Report
Medtronic
Not only have they found themselves in the top spot according to annual turnover, with an annual revenue of nearly $30billion, but Medtronic are also one of the best places to work for medical device sales, according to a survey done by MedReps.com. They also acquired Mazor Robotics in September, placing them firmly in the surgical robotics market.
Oh, and they topped our list of competitors for talent in the surgical space! They’re a company many people want to work for and a company other organisations in the space see as big competition.
Stryker
Stryker have had another successful year, with 5 acquisitions under their belt in 2018. The most notable of these was spinal solutions company K2M Holdings Group, which has helped to strengthen Stryker’s spinal portfolio, which saw a 12% growth over the last year.
They’ve also been a player in the surgical robotics space, with their MAKO robot for joint replacement surgeries.
Olympus
Olympus are a well-respected surgical device company, particularly with their innovative Surgical Energy portfolio. The Thunderbeat is by far and away the market leader in the space and is often the number one choice by surgeons.
There’s no wonder a number of people we surveyed for our Surgical Devices Market Trends Report 2018 said the Thunderbeat was one of the biggest products to compete with in the space.
Johnson & Johnson
Getting consistent 4-star reviews on Glassdoor, Johnson and Johnson is a popular place to work and its reputation succeeds in attracting many candidates.
They were also announced as a Fortune ‘World’s Most Admired Company’ in 2018, recognising the brands commitment to their employees and innovation in health.
Two of J&J’s medical device subsidiaries, DePuy Synthes and Ethicon also made the list of biggest competitors for talent, with their strong surgical portfolios making them key players in the market.
Other big competitors for talent
These companies also made the list of the biggest competitors for talent in the surgical space:
- Abbott (St Jude Medical)
- Edwards Lifesciences
- Arthrex
- Allergan
- Smith & Nephew
- Applied Medical
- Boston Scientific
Honourable mentions…
You can’t do a round-up of 2018 without mentioning some of the other companies who have had a really great year.
Surgical robots are some of the biggest developments going on in the surgical space right now. Intuitive Surgical and CMR Surgical are leading the way with their innovative robots and are set to change the face of minimally invasive surgery.
It’s also been a year where it pays to have a strong product portfolio. NuVasive, one of the leaders in the spinal technologies market, have experienced nearly 10% growth and Apollo Endosurgery continue to attract candidates (and get great Glassdoor reviews in the process) with their niche portfolio of minimally invasive bariatric solutions.
It’s safe to say there’s a lot of big names in the surgical space!
Who do you think should be on the list? Do you agree or disagree?
