Medical device companies: Who spends the most on R&D?
Despite a lethargic economy, medical device companies boosted their spending on research & development last year, according to MassDevice.com's Big 100 database of the 100 largest med-tech makers.
Across the medical device industry, R&D spending in 2011 increased despite a lethargic economy, job cuts and reorganization mandates by a number of big-name companies.
On average, the level of R&D expenditure for the Big 100 medical device companies was just over $540 million, which represented about 13.2% of the revenues for these firms. Diversified heavyweights including Johnson & Johnson (NYSE:JNJ), Siemens (NYSE:SI), GE (NYSE:GE) and Abbott (NYSE:ABT) outpaced the competition, with R&D expenditures ranging from $4 billion to $7.5 billion: