In this article we search every corner of the internet for insight and feedback on the best medical sales companies to work for. In a lot of ways, this is subjective. It is difficult to pinpoint the best companies and optimal roles because many times this is based on timing, geography, and other external factors. But at a cumulative level the knowledge and expertise of the online medical sales community provides excellent guidance on what you should be looking for in your next role.
Related: Click here to learn more about some of the most well known medical device sales companies.
Top Medical Device Sales Companies According To Getreskilled.com
First off, we take a look at the list put together by Gereskilled.com. It is pretty clear that their ranking system is based on size. And by size, I am referring to revenue. This is not necessarily a bad thing. Revenue provides a general measurement of how the company is performing in the market. It is good to work for a company that is making products that are providing value to customers, and that customers are consistently buying. It comes as no surprise that Medtronic, Johnson & Johnson, and GE Healthcare top the list.
But from an employee perspective, size is not indicative of compensation and how satisfied folks are working for the organization. In my mind, I look at this list as a starting point. It is a good way to get oriented with the market and to understand who the major players are. It can be expected that the compensation will be competitive at these companies, as that is usually the way it goes with large organizations. But it does not provide a clear answer on if these are the overall best medical sales companies.
Best Medical Device Sales Companies According To Medreps.com
Medreps.com is one of the premier blogs covering medical sales companies. So without a doubt their analysis was going to end up on this list. The amazing thing about Medreps.com is their rankings are updated annually. Without further ado, we jump into the top medical device sales companies for 2021.
Syneos Health and Teleflex top the list. The credibility of this survey comes from the fact it is focused around employee satisfaction, not just revenue. The important qualities for the survey include corporate leadership, colleagues, corporate culture, and more. To get more specific, the most important qualities are how team members are supported, honesty & trustworthiness, work life balance, compensation, and the availability of a solid product line.
There are many reasons people decide to work in medical sales. According to Med Reps, the top reasons for pursuing a career in this industry include:
- Making a difference
- Work life balance
- Autonomy and flexibility
- Opportunity for growth and learning
The most challenging parts of the industry include administrative work (especially at the big companies), access to customers (it can be challenging to get face time with physicians), the stress and pressure to perform (hitting quota), regulatory environment (no more lunches), and the challenges associated with commission compensation structures.
Related: Are you still wondering what does a medical sales rep do? Click over to this article to learn more.
Best Medical Sales Companies According To Beckershospitalreview.com
Beckers Hospital Review is a reputable resource to get quality information on the healthcare space. Here, Beckers takes on the task of highlighting the top 20 medtech companies. Some of the companies on the list such as Philips, Siemens, and Styker will come as no surprise. But there are some other organizations that are worthy of further discussion.
- Change Healthcare: The company works with payers and providers to apply the data and analytics solutions to improve clinical decision-making, billing, collections and patient experience.
- AristaMD: The companies leading eConsult platform provides a telehealth solution that empowers primary care providers with clinical workup checklists and the ability to conduct electronic consults (also known as e-consults, eConsults or virtual consults) to significantly improve the patient referral process and allow greater access to timely, high-quality care.
- Optum: OptumHealth provides care directly through local medical groups and ambulatory care systems, including primary, specialty, urgent and surgical care.
- NewWave: It was founded with the mission to deliver advanced IT and best practices to healthcare organizations to improve the quality of care.
As you will notice this list is broader, including medical technology companies in addition to the traditional medical device companies.
Top Medical Sales Companies According To Proclinical.com
Proclinical is a leading consulting and staffing company within the life science space. In this article, Proclinical.com compiles a list of the top 10 medical sales companies to work for based on data from Glassdoor. In terms of internet sources, the data can be trusted as 50% of job seekers use Glassdoor to research potential employers before making a decision to work for them.
The list puts Boston Scientific at #1. Boston Scientific has businesses in the endoscopy, interventional cardiology, neuromodulation, peripheral interventions, cardiac rhythm management, and urology markets. The company gets excellent scores in terms of culture, leadership, and compensation.
In addition, I want to highlight two other companies on the list that have not been previously covered on Medical Sales Authority. At #6 is Varian Medical Systems, a growing company that develops medical devices in the radiotherapy and radiosurgery space for cancer treatment. Then at #10 is Alcon, a global leader in developing innovative eye care products. It is important to remember that the medical space is broader than you may think, including jobs in eye care and dental. Stay tuned for future content covering ophthalmology and dental sales.
Related: Compensation is an important factor is ranking the best medical sales companies. The article here answers the question on how much is a medical device sales salary.
Best Medical Sales Companies To Work For According To Mddionline.com
Medical Device + Diagnostic Industry (MD+DI) is a resource exclusively for original equipment manufacturers of medical devices and in vitro diagnostic products. Mddionline.com put together a list of best companies for medical device employees, specifically from the perspective of the engineers that design and develop the products. Pulling from a variety of sites including indeed.com, Glassdoor.com, and Fortune Magazine the list from MD+DI comes with a different perspective.
The top of the list is crowded with the usual contenders such as Stryker and Johnson & Johnson. Though, we do find some insights farther down the list. The #4 spot is given to Abbott Laboratories who has businesses in both the pharmaceutical and medical device markets. The #9 spot is St. Jude Medical, a company known for manufacturing implantable cardioverter-defibrillators (ICD), pacemakers, electrophysiology catheters, vascular closure products, cardiac mapping and visualization systems, structural heart repair products, and neurostimulation devices. The interesting thing is that of late April 2016, Abbott Laboratories acquired St. Jude Medical for $25 billion. So it was a merger of two companies which both perform well in terms of employee satisfaction!
Medical Device Sales Career
There are many great companies to build a career at in medical sales. In general, you will see that the top rankings on many of these lists are given to largest companies. This is because they have successful products and the resources for ongoing research and development. Also, it is because there is a lot of publicly available information on these organizations. It can be more challenging to find employee satisfaction data for companies with less employees or who are privately held. But it is important to remember that there are trade offs in working at a large company. Typically, these companies are more bureaucratic which can result in more administrative work.