Daily Newsletter

17 November 2023

Daily Newsletter

17 November 2023

New training program gears up students for medical device sales careers

The Medical Sales College and the Butler University are partnering to create training modules for the next generation of medical device professionals.

Kiays Khalil November 16 2023

The Butler University and the Medical Sales College have come together to develop a new training program to help students and graduates establish a career in medical device sales.

The initiative is scheduled to launch in January 2024 and will educate applicants on anatomy, physiology, surgical procedures, healthcare buying procedures, and devices sales techniques while providing support to participants while securing employment.

Praising the partnership and the benefits it would give students and graduates Julie Straub, Senior Executive Director of Professional Studies at the Butler University said:  "By bringing a proven model of medical device sales training to Indiana, we're helping the Butler community access job opportunities in one of the region's hottest industries — and strengthening the local economy in the process."

Travis Allen, CEO of Medical Sales College said: “Medical device sales continues to be one of the most important and fastest-growing industries in the country Butler University has a well-deserved reputation as an institution dedicated to creative and innovative programs leading to strong student outcomes. This is about providing the entire Butler community with the opportunity to succeed in well-paying jobs in this increasingly important field."

So far, the Medical Sales College has guided almost 4000 graduates securing a career in the medical device industry with an 80% placement rate with an average salary of more than $90,000.

GlobalData predicts this industry will continue to grow in value with reports indicating the global medical device industry value to reach $711.7 billion by 2025.

With North American medical device market reaching $291.1 billion in 2025, Asia Pacific reaching $213.9 billion, while the European market is projected to reach $178.4 billion. Elsewhere the Middle East and Africa market is expected to amount to $13.6 billion, and South and Central America is projected to reach $22.21 billion by 2025.

The aging population is a captive market for medical devices

With rising pressure on governments, payers, and manufacturers to reduce healthcare costs, innovative medical technologies have tremendous potential to improve elder care. Advancements in medical device technology have resulted in a significant increase in the number of conditions that can be managed in a home care setting. To capitalize on this strong demand and growth, manufacturers are increasingly producing consumer-targeted equipment.

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