EP Vantage's new jobs report finds that medtech employment remained steady in 2013 with most medical device makers experiencing an increase in their workforce. With more hiring than firing occurring and continued growth expected this year, the medtech industry may finally be picking up steam.
Of the top 15 device makers, only three experienced a reduction in headcount and two of those drops were due to companies spinning off their respective pharmaceutical operations. Excluding these divestments, the top 15 largest medtech firms managed to grow their workforces by an average of 6 percent.
Key highlights from the report show:
On average, the top 15 device makers expanded their workforce by 6% excluding pharma spin-outs
Only three of the top 15 medtech companies saw a drop in their headcount in 2013
Baxter International was the fastest growing top 15 medtech company in 2013
Top overall hirer in percentage terms was Baxano Surgical with a 57% growth rate
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