How many medical device sales reps are there in the US?
137,653 medical sales representatives
What commission do medical sales reps make?
How Much do Medical Equipment Sales Reps Make? The year 2018 witnessed an impressive jump of $2,000 in the average commission that increased the average medical sales rep’s salary to $149,544. The increase in annual payout came despite the slight drop in the base salary from 2018.
How much do top medical sales reps make?
Biotech respondents reported the highest total compensation at $198,282 and the highest base salary ($134,388). Biotech also saw the biggest year over year increase (11%). Professionals selling medical devices report the next highest total income at $180,865 and earned a significant increase of 9% over the 2019 total.
Where do medical sales reps make the most money?
When it comes to the highest paying products, 41% of these top earners are working in the OR, selling surgical devices. Another 13% are selling capital equipment, and 12% are selling biotech products.
What is the highest paying medical sales job?
So which medical product category pays sales reps the most? It’s the reps hawking health IT and software who take home the biggest paycheck: an average $169,881, split roughly 50-50 between base salary and commission/bonus. Reps selling surgical devices are the next highest-paid, at $158,328.
Do medical sales reps go into surgery?
Medical device reps are more often business majors than biology buffs, but they train for the job as if they might have to conduct surgery themselves.
How many hours a week do medical sales reps work?
However, medical device sales representatives have poor work-life balance with extensive travel to meet with clients. The majority works beyond 40 hours per week in a stressful, high-pressure environment where satisfying quotas is paramount.
What do medical sales reps do in the OR?
A medical sales representative sells medical supplies to doctors, clinics, facilities and hospitals. The job includes contacting potential customers, explaining the features and benefits of the product, answering questions about the product and negotiating the final deal.
What is the best medical device to sell?
Top Ten Selling Medical Devices
- Johnson & Johnson.
- Thermo Fisher Scientific.
- Philips Healthcare.
- General Electric Healthcare.
- Fresenius Medical Care.
- Abbott Laboratories.
- Becton Dickinson.
How much do Conmed sales reps make?
The typical CONMED Corporation Sales Representative salary is $58,477 per year. Sales Representative salaries at CONMED Corporation can range from $41,777 – $125,331 per year.
What is the best medical sales company to work for?
Why These 6 Companies Are the Best Places to Work in Medical…
- Medtronic. Medtronic is frequently listed as one of the best places to work for in medical sales.
- Stryker. Admit it.
- Boston Scientific.
Who is the largest medical device company in the world?
The world’s 10 biggest medical device companies — Medtronic is No… 1
- Medtronic: $28.9 billion.
- Johnson & Johnson (medical device segment): $26 billion.
- Royal Philips: $21.8 billion.
- GE Healthcare: $19.9 billion.
- EssilorLuxottica: $19.5 billion.
- Siemens Healthineers: $16.2 billion.
What is the best medical company?
Best Health Insurance Companies
- Best for Medicare Advantage: Aetna.
- Best for Nationwide Coverage: Blue Cross Blue Shield.
- Best for Global Coverage: Cigna.
- Best for Umbrella Coverage: Humana.
- Best for HMOs: Kaiser Foundation Health Plan.
- Best for the Tech Savvy: United Healthcare.
- Best for the Midwest: HealthPartners.
Which country manufactures the most medical supplies?
This statistic depicts the percentage of professionals at medical device companies that expect the highest sales growth in select countries for 2020….
|Characteristic||Percentage of respondents|
Where Do hospitals get their supplies?
Hospitals and other medical facilities can purchase supplies through a group purchasing organization or negotiate directly with distributors or wholesalers, all of whom are doing a larger share of their business online.
Who is the largest supplier of medical supplies?
Top 40 Medical Device Companies
|2||Johnson & Johnson||NYSE|
|4||General Electric Company||NYSE|
|5||Fresenius Medical Care AG & Co. KGaA||XTRA|
Who is the largest DME provider in the US?
Top 10 Medical Equipment Companies in the US
- GE Healthcare Technologies.
- Invacare Corp.
- Hill-Rom Holdings, Inc.
- TZ Medical.
- Tri-Tech Medical.
- Soma Technology, Inc.
- Clear Image Devices.