Medical Device Engineering Consulting Firms

Best Medical Device Engineering Consulting Firms In the UK and USA

In the world of medical device engineering, the quest for quality is never-ending. And in an attempt to help manufacturers achieve this goal, a growing number of consulting firms are offering their expertise.

The medical device industry is booming, and with this growth comes an increased need for quality engineering consulting services. In the UK and USA, there are many firms that offer these services, but not all are created equal, some outshine the others

To find the best of the best, one must look beyond the standard metrics of success. Read through as this article outlines some of the key factors to consider when selecting a top medical device engineering consulting firm in the UK and USA.

Benefits Of Working With A Medical Device Engineering Consulting Firm

The pros associated with working with a medical device engineering consulting are quite numerous:

Working with a medical device engineering consulting firm guarantees the highest quality standards.

Consulting firms provide valuable expertise on regulatory compliance in the medical device industry.

Working with a consulting firm can help to reduce costs during medical device development.

Working with a consulting firm provides access to additional resources and capabilities.

Consulting firms provide an objective and fresh perspective on medical device development.

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Factors To Consider When Choosing A Medical Device Engineering Consulting Firm

Cost, resources, expertise, experience, and track record are specific important factors to consider when choosing a consulting firm, as they are the defining characteristics that tell apart the best from the rest.

Cost should be carefully considered when selecting a consulting firm. Be sure to understand the total cost, including any fees that may not be obvious at first.

Make sure the consulting firm has the resources needed to meet your needs, including staff, technology, and expertise.

Look for a consulting firm with expertise in the specific area of medical device development.

Choose a consulting firm with garnered experience working with companies of both similar size and complexity.

When considering a consulting firm, examine its track record. Make sure to look for evidence of past successes, as well as how those successes compare to the expectations of clients.

10 Medical Device Engineering Consulting Firms In the UK and USA

See below;

1. IQVIA

2023 Market Capital: $35.99B

2023 Revenues (USD): $15.4 million

Employment: 86,000

IQVIA formerly known as Quintiles and IMS Health Inc. is a multinational corporation that prides itself in being a global provider of advanced analytics, technology solutions, and clinical research. Since 1982, IQVIA has been improving rare diseases in patients, addressing health inequities, and much more.

So far they’ve achieved this feat by being a provider of biopharmaceutical development, carrying out phase I-IV clinical trials, etc. IQVIA aims to make life better for every patient.

With its headquarters in Durham, North Carolina, this corporation has been improving the healthcare section, one technological step at a time. They were recently reported to be the world’s largest contract research organization.

2. Medtronic

2023 Market Capital: $97.47B

2023 Revenues (USD): $31.23B

Employment:95,000

Medtronic, located in Dublin, Ireland is an American medical device company founded in 1949 that is listed among the top medical device engineering consulting firms in the UK.

The company’s main goal is to make a huge impact in the healthcare technological field. They aim to achieve this by manufacturing cutting-edge healthcare technologies as well as therapies, such as the cardiac and vascular group, diabetes group, and restorative therapies group to help patients. Medtronic also has a surgical technology arm that focuses on providing you with quality equipment that’ll make your life easier.

3. Siemens Healthineers

2023 Market Capital: €53.22B

2023 Revenues (USD): €21.7B

Employment:69,500

Siemens Healthineers is a global healthcare solutions and services provider. It was created in 2017 as a spinoff of its parent company Siemens and is headquartered in Erlangen, Germany. Siemens Healthineers has an extended hand across the globe and contributes to the health field with many innovations like Augmented reality, artificial intelligence, Digital twin, robotics, and many more.

They also specialize in making lives better through technological advancement. With products like Angiography and interventional X-rays, x-ray products, Ultrasound, and molecular imaging.

4. Cardinal Health Inc

2023 Market Capital: $25.66B

2023 Revenues (USD): $54.76B

Employment: 48,000

Cardinal Health Inc., is another American-based medical device engineering consulting firm, headquartered in Dubai. Cardinal Health is the 14th highest revenue-generating company in the US.

The company manufactures Medical and surgical products and distributes pharmaceuticals and medical products to over 100,000 locations, one of which involves the UK.

Some of Cardinal Health’s products include surgical apparel, gloves, and fluid management products. Furthermore, the company provides Medical products for an estimated 75% of hospitals in the US making it one of the largest networks of radio pharmacies in the US.

5. Medpace

2023 Market Capital: $8.27B

2023 Revenues (USD): $492.5M

Employment:5,800

Medpace, also known as Medpace Holdings, is based in Cincinnati, Ohio is a global clinical research organization with a mission to “Accelerate the global development of safe and effective medical therapeutics”. To achieve this they have expertise in areas such as: Oncology, metabolic disease, cardiology, central nervous system, endocrinology, etc.

Since 1992, Medspace has offered the world global central laboratory, bio-analytical laboratory services, and Imaging core laboratory. Through the years, they’ve earned awards such as the 2021 SCRS Eagle Award finalist, 5 CRO Leadership Awards, etc. These awards show how reliable and compatible they are in providing the world of healthcare with better advancements in technology.

6. Parexel

2023 Market Capital: $4.5B

2023 Revenues (USD): $2.4B

Employment:18,900

Parexel was founded in 1982 and has been an American provider of bio-pharmaceutical services. Its headquarters is stationed in Durham, North Carolina, U.S. but do has over 84 facilities in over 51+ countries. They provide services such as clinical trial management, data management, medical writing, biostatistics, pharmacovigilance, and regulatory consulting.

Besides the amazing services they offer, parexel also offers medical device engineering consulting services. It’s one of the reasons Parexel’s clients include one of the world’s leading medical device companies.

7. GE Healthcare

2023 Market Capital: $32.36B

2023 Revenues (USD): $18.3B

Employment:50,000

GE Healthcare, founded in 1994 as a subsidiary of General Electric, is an American multinational medical technology company that offers medical equipment technology for drug discovery and biopharmaceutical solutions for clinicians and healthcare administrators.

The company has its headquarters in Chicago, Illinois, US, and has a range of products to help the medical field perform better. Some of the products they provide include Incubators, PET, Ultrasound machines, MRI, ECG, and so on. All these products provide the healthcare world with better equipment and make patients’ lives better.

8. Philips Healthcare

2023 Market Capital: €17.42B

2023 Revenues (USD): $4.47B

Employment:24,000

Philips Healthcare is a Dutch health technology company, founded in 1891. The company specializes in the health continuum, from healthy living and prevention to diagnosis, treatment, and home care.

They also provide solutions for treatment, preventive care, and diagnosis. Philips has several products that enhance the medical world ranging from ultrasound, MRI scanners, ECG equipment, and many others. Although the company’s headquarters is in Amsterdam, Netherlands their products and service extend to the UK, US, and the world at large.

9. Terumo Corps

2023 Market Capital:$20.18B

2023 Revenues(USD):$215.25B

Employment:30,207

Terumo Corps is a medical device engineering consulting firm located in Tokyo, Japan. In the company’s year of conception, 1921 it specialized in medical thermometers only, but has now branched into an array of products such as artificial heart and lungs, blood glucose and blood monitoring systems, etc.

The company has expanded its offices and workforce to the US, Europe, China, India, and different parts of the world.

10. Johnson and Johnson

2023 Market Capital: $354.28B

2023 Revenues (USD): $94.94B

Employment:130,000

Johnson and Johnson is an American multinational, medical and pharmaceutical technologies corporation founded in 1886. The American-based company is divided into two sectors: Innovative Medicine and MedTech. The MedTech aspect focuses on ear, nose, and throat procedures, breast reconstruction, and aesthetics.

Their services expand through the US, UK, and other states. It is one of the world’s most valuable companies and is focused on developing pharmaceutical drugs and medical device technologies. In addition to that, it’s one out of the two US-based companies that have a prime rating of AAA.

Concluding remark on Medical Device Engineering Consulting Firms

To find the best medical device engineering consulting firm for your needs, it is important to carefully consider all aspects of a consulting firm before making a decision. Past successes, client satisfaction, and overall value are key factors to consider.

When evaluating a firm, take the time to research its reputation, experience, and capabilities. This will help you make an informed decision that’s best for your needs. With the right consulting firm by your side, you can reach new heights and achieve your goals.