Why Medical Device Is A World Leader
As CEO of Jacobs Management, as well as publisher of HS&M, I get a detailed view
every day of the rapid changes in this industry. In our Why I Work in Healthcare
feature, we show the many reasons people choose to dedicate themselves to this field.
In this issue, we turn the spotlight on the medical device sector, in our regular listing
of the Top 50 Medical Device companies of the past year. It was comforting to see
that growth has continued with an 11% increase in revenues for the Top 50, with all
but 5 companies on our list experiencing a revenue growth. The industry as a whole
dedicates a high percentage—about 7%—of revenue to R&D, more than most indus-
tries, and as a result generates a wide spectrum of breakthrough products.
Every year there are numerous startups contributing to the lifeblood of medtech. One of the most
impressive aspects to me is the sheer volume of innovation. So we are adding a feature to the magazine
showcasing just that, beginning with the recent Med Tech Innovations awards, which recognize emerging technologies likely to change medicine significantly. We will follow this up with the Cleveland
Clinic’s annual Top Ten In our next issue.
Medical device is also directly related to many other industries, benefiting from and influencing advances in microelectronics, telecommunications, instrumentation, biotechnology, and software development.
The Department of Commerce notes that “Collaborations have led to recent advances including neuro-stimulators, stent technologies, biomarkers, robotic assistance, and implantable electronic devices. Since
innovation fuels the medical device sector’s ongoing quest for better ways to treat and diagnose medical
conditions, when coupled with patient life expectancy increasing and aging populations globally, the
medical device sector should continue growing at a positive rate in the future.”
All of which reinforces my own belief in and dedication to healthcare in the US. Congratulations and
thanks to everyone working tirelessly to make our lives better.
And always, please keep the feedback coming. It all goes to making the magazine better for all of us.
Cari Kraft, Publisher
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