Biomedical Engineering Industry Overview

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Biomedical Engineering Industry Overview

• Biomedical Engineering Society
• March 29, 2005

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Classification of Biomedical Engineering

• NOT Biotechnology, which includes vaccines,
  blood testing, recombinant DNA, food engineering,
  enzymes, ... Things involved in altering function
  of a living cell
• Except perhaps Tissue Engineering
• Sometimes classified as Health Care or
  Consumer Products
• Often Manufacturing production of a designed
  medical device/instrument

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General Engineering Trends

• Caution Investing in New Technology Startups
• Peak Year 2000
• 13.1 billion in 750 companies (new and existing)
• By end of April, 158 IPOs
• Crash in 2000
• 2002 only 850 million invested in 110 companies
• 2003 By end of April, 4 IPOs
• But trend starting to reverse.
• IPOs - Initial Public stock Offerings

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General Engineering Trends

• Collaborative Research
• InnoCentive (www.innocentive.com)
• An online research portal
• Companies post research or design problems and
  reward
• Many are anonymous
• 23,000 scientists, graduate students, and
  researchers have participated thus far

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General Engineering Trends

• Globalization
• Numerous international markets
• Greatly reduced labor, both manufacturing and
  design
• Research and Development (RD) in Nanotechnology
• Government funding 849 million in 2003
• Useful for lots, from flat-panel displays to
  fighting cancer
• Increasing Research Partnerships between
  Corporations and Universities

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Trends

• Patents
• US Patent Trademark Office
• (www.uspto.gov)
• 1991 177,830 patents filed, includes reissues
• 1992 107,393
• 2001 345,732 183,981
• 2003 187,017
• 2006 500,000 (expected by PTO)
• Approval/Denial 18-24 months
• Protection for almost 20 years
• indicate number approved

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Trends
Patents Acquired, 2001

• Patents, cont.
• International harmonization difficult
• USA first to conceive, protection while waiting
• Else first to file, no protection until granted

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Trends

• Research and Design Automation
• Increasing use of CAD Finite Element Analysis
  Programs
• Telemetry in Hospital Medical Devices
• Conveying information wirelessly
• More efficient to send data to nurses station
• Home Health Care
• Companies Merge and Buyout

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Federally Funded Research and Development Centers

• 2001 RD Expenditures Breakdown
• Grand Total 9.62 billion
• University Total 5.77 billion
• Jet Propulsion Lab 1.4 billion
• Los Alamos National Lab 1.3 billion
• Lawrence Livermore National Lab 1.05 billion
• Industry Total 1.81 billion
• Sandia Corp (division of Lockheed) 1.5
  billion
• National Cancer Inst. at Frederick
• (joint ownership SAIC, CR Labs, Data Mgmt)
  0.2 billion
• Non-Profit Total 2.04 billion
• Brookhaven National Lab 0.43 billion
• Note 17 decrease in value of dollar from 1993
  to 2002

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Engineering and BiotechnologyIndustry
Comparisons By State
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Top 10 U.S. Patent Filing Countries

• 1 USA 87,607
• 2 Japan 33,223
• 3 Germany 11,260
• 4 Taiwan 5,371
• 5 France 4,041
• 6 United Kingdom 3,965
• 7 Canada 3,606
• 8 South Korea 3,538
• 9 Sweden 1,743
• 10 Italy 1,709

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Professional Societies, Etc.

• Biomedical Engineering Society, www.bmes.org
• Institute of Electrical and Electronics Societies
  (IEEE), www.ieee.org/society.html
• International Electrotechnical Commission (IEC),
  www.iec.ch
• International Society for Optical Engineering
  www.spie.org
• Materials Research Society, www.mrs.org
• Food and Drug Law Institute, www.fdli.org
• ASM International (the Materials Information
  Society), www.asm-intl.org

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Professional Societies, Etc.

• Minerals Metals Materials Society, www.tms.org
• National Society of Professional Engineers,
  www.nspe.org
• Optical Society of America, www.osa.org
• Society of Manufacturing Engineers, www.sme.org
• National Academy of Engineering, www.nae.edu
• The Engineers Club, www.engineers.com

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Finding a Job

• www.collegegrad.com
• www.naceweb.org
• www.monstertrak.com
• www.jobweb.com
• www.monster.com
• healthcare.monster.com
• www.jobsearch.com
• www.careerexposure.com
• www.careerbuilder.com
• www.careers.wsj.com
• www.newspaperlinks.com
• www.shrm.org
• www.vault.com

• www.directemployers.com
• www.flipdog.com
• hotjobs.yahoo.com
• www.hrsjobs.com
• www.recruitersonline.com
• www.truecareers.com
• www.medicaldevices.org
• www.advamed.org
• Numerous Various links http//www.chasegroup.com/
  industry_resources.html http//www.ita.doc.gov/t
  d/mdequip/contacts.html

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Government Websites

• Bureau of Labor Statistics, stats.bls.gov
• Equal Emplym. Oppt. Com., www.eeoc.gov
• www.fedworld.gov/jobs/jobsearch.html
• www.gpo.gov
• www.trade.gov
• www.census.gov
• www.dol.gov

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Plunketts Picks
17
Plunketts
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Hoovers Company Info (2004)

• General Electric (GE)
• Sales 151 billion
• Employees 307,000
• (500 million on RD annually)
• GE Healthcare produces MRIs, 3D Ultrasound,
  Computed Tomography (CT) Scanners, Patient
  monitoring, Bone Marrow Densitometers, and more.
• Siemens
• Sales 93 billion
• Employees 430,000
• One of many branches is medical, covering MRIs,
  CT, Fluoroscopy, Mammography, Nuclear
  Medicine/PET, Ultrasound, and more.

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Hoovers Company Info (2004)

• Tyco International
• Sales 40 billion
• Employees 258,400
• Tyco Healthcare makes wound dressings,
  electrodes, sutures, laparoscopic devices,
  generators for electrosurgery, ventilators
• Becton, Dickinson and Co. (BD)
• Sales 4.9 billion
• Employees 25,005
• Giant manufacturer of syringes, also infusion
  therapy devices, pre-fillable drug delivery
  systems, surgical blades, ACE bandages

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Hoovers Company Info (2004)

• Johnson Johnson (JJ)
• Sales 47.3 billion
• Employees 109,900
• Medical Devices and Diagnostics produces surgical
  equipment, monitoring, and contact lenses
• Wants to buy Guidant for 25 billion
• Guidant Corp.
• Sales 3.8 billion
• Employees 12,000
• Cardiovascular therapeutic devices, implantable
  pacemakers, defibrillators, and stents.

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Hoovers Company Info (2004)

• Boston Scientific Corp. (BSC)
• Sales 5.6 billion
• Employees 17,500
• Specializes in non-invasive diagnosis products
  within cardiology, gynecology, oncology, vascular
  surgery, etc, and makes catheters, surgical
  grafts, stents, polypectomy snares, and
  lithotripsy devices.
• Medtronic, Inc.
• Sales 9.1 billion
• Employees 31,000
• Leading maker of implantable devices, including
  defibrillators, pacemakers subsidiaries also
  make spinal implant and drug delivery devices,
  ENT surgical tools, catheters, stents, mechanical
  and tissue heart valves.

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Hoovers Company Info (2004)

• McKesson Medical-Surgical
• Sales 2.7 billion
• Employees 3,000
• Distributor of medical and surgical supplies to
  doctors, hospitals, and nursing homes.
• Minnesota Mining and Manufacturing (3M)
• Sales 20 billion
• Employees 67, 071
• Health Care includes inhalation and transdermal
  drug delivery methods, wound management
  (semitransparent), medical tapes, medical device
  packaging, stethoscopes, and orthodontic wires.

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Hoovers Company Info (2004)

• Baxter International, Inc.
• Sales 9.5 billion
• Employees 48,000
• A leading maker of IV systems and supplies
  blood-working equipment dialysis, and more.
• Stryker
• Sales 4.3 billion
• Employees 15,891
• Surgical saws, drills, rasps, artificial joints,
  spinal rods, artificial vertebral discs,
  endoscopic equipment, and more

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Resources

• Plunkett's Engineering and Research Industry
  Almanac 2003-2004 The Only Comprehensive Guide
  to the Engineering and Research Industry (eBook)
  by Plunkett, Jack W.Publication Houston, Tex.
  Plunkett Research, Ltd., 2003.
• United States Patent and Trademark Office
  (www.uspto.gov)
• Hoovers (Company Information), www.hoovers.com
• Career Center
• Aggie Network (for jobs!)
• BMES Company Packet!