By Mark Gershman and Laura Cascio | 12/09/18 06:27:37In the past few years, medical device makers have become increasingly competitive, with competitors offering cheaper, more efficient medical devices that can cut down on costly hospitalization and emergency room visits.
However, while some of the new entrants are making great strides in providing healthcare-related devices, there is still much room for improvement in the field.
Medical device makers, in particular, have struggled to compete with the massive influx of medical technology in the past two decades.
The most recent trend is for device manufacturers to offer more expensive, more limited products, with a focus on smaller medical devices, which may be less efficient than their larger counterparts.
This article examines how to identify the top 10 best-selling medical device manufacturers in 2018, using data from the U.S. Bureau of Labor Statistics (BLS).
While there are many factors to consider when comparing medical device brands, we are looking only at the top-selling devices.
The other categories are not considered in the analysis.
This report examines the top companies with the most devices in the top five devices categories: medical devices used for diagnosis, treatment, and rehabilitation; medical devices for the treatment of chronic and acute conditions; medical products for the management of patients and families; and medical devices to support the delivery of healthcare services.