The Medical Device industry includes almost
2 Million Jobs in the U.S.
including both direct & indirect employment
The medical device industry develops and manufactures countless products— ranging from surgical gloves to artificial joints to imaging equipment. The medical device industry plays a crucial role in developing new medical technologies that can improve the ability to diagnose and treat illness. The industry has a relatively small number of large, diversified companies and a large number of smaller companies that are primarily engaged in research and development of new devices for specific therapeutic areas.
The medical device industry has a leading-edge reputation for new product innovation, and post-market modifications to existing products. Extensive work with physicians and health-care leaders keep this industry at the forefront of life-saving technology.
Top Source Talent has been working in the medical device industry for over 12 years and continues to be a trusted resource for top Medical Device companies.
The industry average for identifying qualified, interested candidates for client searches is 4-6 week.
Top Source Talent has a proven track record for successfully identifying ideal candidates in 2-3 weeks.
Top Source Talent leverages a strategic approach to achieve a higher response rate to find your ideal candidates.
We use a proven successful marketing approach for branding client companies and providing key position data.
Why use Top Source Talent?
Top Source Talent uses direct-contact sourcing strategies for identifying and recruiting top candidates.
Candidates who are contacted directly for a position are more than 2x likely to accept a client offer, versus candidates who apply directly to the same position.
Direct-contact sourcing fills positions faster than relying on company website applicants.
Top Source Talent clients contact us for immediate hiring needs. Partnering with TST increases candidate pipeline volume, and improves time-to-fill metrics for hiring. Shorter hiring cycles increases company production and revenues.
Direct-sourced candidates are more qualified for client positions than inbound applicants by 54%.
Ensuring candidates are qualified for a specific position is a crucial step for an efficient hiring process. TST uses a proven method to vet potential candidates before they are presented to hiring teams for review.
A brief snapshot of our company services: The Top Source Talent team utilizes a proprietary applicant tracking system (ATS), competitive industry tools, talent-focused associations, diversity-targeted networks, a professional referral database, and the use of competitor websites. These tools enable effective, successful sourcing and recruitment for best-in-class candidates for client hiring requirements.
Medical devices get smaller yet the market gets bigger.
In 2019 the revenue from the top 10 U.S. medical device companies surpassed $162 billion.. The medical device industry is expected to grow at an expected rate of 5.6% CAGR until 2024.
In addition to advances in medical device technology, the number of patients using and wearing medical devices is also increasing. The aging population, driven by declining fertility rates and increasing life expectancy, represents a major demand driver for medical devices. The U.S. elderly population (persons aged 65 and above) totaled 49 million in 2016 (15% of the population). The U.S. Census Bureau estimates that the elderly will roughly double by 2060 to 95 million, representing 23% of the total population.
With all this growth and change, is the successive increase in hiring and skills needed to advance the medical device industry. FORBES calls the medical device market a: “A disruptive market of $410 billion until 2023… Software plays a big part in this shift as a differentiator in medical devices as well as the manufacturing of portable devices used by the end user.”
Here are some areas of focus that are contributing to growth
As is the case for other industries, the use of medical devices in healthcare often requires high-speed networks for optimal speed. Subsequently, 5G (fifth generation) wireless technology can provide the level of speed needed for optimum performance.
Internet of Medical Things
Internet of Medical Things (IoMT) is a variety of applications and medical devices used for the purpose of connecting IT systems in healthcare. It’s essentially a way of communicating between computers utilizing WiFi. IoMT also analyzes data that’s shared, which enables healthcare providers to make sound decisions.
Software as a medical device (SaMD) is software that’s being used to improve medical device connectivity. For instance, it can help patients feel more empowered by providing them with information about their medical history that can be used to better manage their health care.
As engineers and scientists make advancements with medical devices so do the cyber-security hackers. These cyber-pirates create maneuvers that exploit new technology. Cyber-terrorism is rampant and alarming. Cyber-threats dictate the need for enhanced cybersecurity measures, and must be a priority in all areas of healthcare, including medical devices.
LinkedIn data shows an 18% increase in cybersecurity technology hiring for security related positions in the medical device industry over the last twelve months.
“The [Top Source Talent] team did a great job identifying top talent for very difficult to fill roles. They kept us informed of progress and provided detailed information regarding the candidates identified. We have been able to make a couple of hires through their efforts.”
– Medtronic / Santa Rosa, CA
“Top Source Talent is enthusiastic, engaging energetic …when they focus on requests, and searches – it’s almost like they are on a quest…exploring, searching, networking…and find possible matches of talented people with opportunities, creating situations where the employer and the new employee are winners. It is obvious that they enjoy and are passionate in ongoing “quests for the best” – and they are wonderful at their job!”
– Medtronic / Tempe, AZ