Innovation in medical devices was rife in 2017. FMC Meditech spend a lot of time talking to people in the market and understanding which companies they view as the best brands and which they’d most like to work for.
So, who stands out in 2017?
These guys have the bragging rights for 2017. They have now overtaken Johnson & Johnson to place themselves at the top spot, surpassing their rivals and billing the most in 2017 ($28.8 billions) according to MPO (medical product outsourcing). This was unheard of in previous years. They have grown their global reach and impact over these last few years and have established a firm footing for 2018… This is a company that started in a 600-square foot garage and had a gross income of $8 in its first month of operation! Who wouldn’t want to work at a company that’s at the top of their game?
Johnson & Johnson
Some might say it’s been a tough year for J&J… but nobody can fault them for innovation. They had an outstanding year in 2016 and this was down to the volume of product launches, this is what has continued to attract employees to J&J in 2017. They deserve to make this list for continued innovation alone.
MD+DI recently named Abbott as the 2017 Meditech company of the year. This is down to their worldwide medical device sales growth of 5.6% compared to the previous year. They faced everything from a DFA investigation to negotiating a messy acquisition, but managed to launch a total of 20 new products. They continue to score 3.6 stars on Glassdoor and from what we hear the working environment and culture is one of their key employer differentiators. You could call them the comeback kids.
Top 10 medical device manufacturers by turnover, according to MPO:
- Medtronic plc
- Johnson & Johnson
- GE Healthcare
- Siemens Healthineers
- Becton Dickinson
- Cardinal Health
- Philips HealthTech
- Abbott Laboratories
Top 10 medical device employers, according to Glassdoor:
- Varian Medical Systems
- Fisher & Paykel Healthcare
- Johnson and Johnson
- Intuitive Surgical
What a year… who else should be on the lists? What about ones to watch in 2018?