Non-members: Click here to review a complimentary excerpt from "Medical Device Research and Development Staffing and Spend"
A medical device company’s R&D group is the guiding force behind product innovation.
But with clinical testing taking up so many R&D resources, it isn’t always easy to ascertain if an organization’s spending and staffing for research and other functions within R&D is at the levels needed to remain competitive in the marketplace.
Research and consulting leader Best Practices, LLC conducted an important new benchmarking study for R&D leaders seeking reliable industry metrics on current staffing and spend levels for R&D in the medical device sector. Medical device leaders will be able to use the research results to see how their R&D staffing and spend levels compare with industry averages.
- R&D Staff and Spend Benchmarks
- R&D Functions and Roles
- R&D Regional Presence and Program Management
- R&D Success Factors and Pitfalls
SAMPLE KEY METRICS
SAMPLE KEY FINDINGS
- What were your 2014 medical device revenues and corresponding R&D spend?
- What was the total number of FTEs dedicated to your R&D organization in 2014?
- Estimate what percentage these functions represent of your company's total R&D headcount in 2014
- Estimate what percentage each role represents of your company's R&D total headcount
- Estimate the percentage of overall R&D FTEs that support each listed region
- On average, technical and inspector/technician roles represent 70% of the R&D headcount for all participants while management roles – both executive level and project manager level - make up almost 20% of R&D staff.
- Benchmark class participants gravitated to a decentralized approach to R&D program management (50%) while 33% of the participating companies use a centralized approach. The “other” answer where a company was centralized in the U.S. but with resources in other geographies fits more in the centralized category.
Best Practices, LLC engaged six medical device R&D leaders from six leading medical device companies through a benchmarking survey instrument.