Careers in Biomedical Engineering Technology

1. Careers in Biomedical Engineering Technology BMET 4350 Fall 2003 Dr. Hugh Blanton

2. Industry Research and Development Manufacturing Engineering Quality Assurance Marketing/Sales Regulatory Affairs Government Research Laboratories Regulatory Agencies (FDA) Military Public Health Service NASA Career Opportunities

3. Career Opportunities • Hospitals • Clinical engineers • Facilities engineers • Private Testing Laboratories • Underwriter’s Laboratories • ECRI • Healthcare Consulting Firms • Accenture

4. Career Opportunities • Academia • Research • Teaching • Non-traditional fields: • Technical writing • Corporate training • Patent law • Medicine

5. intellectual curiosity why does it work? sharing of royalties publications choice of research more individual work more basic research need to obtain grants involved in initial phases of project less urgency flexibility profitability does it work? no royalties for inventor product introductions limited project areas team approach more applied research funding available involved in entire project “time is money” higher pay Academic vs. Industrial R&D Academia Industry

6. Unique Aspects of Medical Device Industry • Regulated industry • must prove safety and efficacy • Recalls very difficult • Third party payors, insurance • Safety issues • biocompatibility • biodurability

7. Design Constraints • Economic • cost containment pressures • market needs • competition • profitability to company • Regulatory • want shortest approval path • new materials, designs may require clinical study • Legal • product liability, safety • patents

8. Lower cost Time savings lower cost reduced risk Improved performance quality of care safer less liability New treatment improved care increased revenues Lower cost/benefit ratio Customer Needs

9. Biomedical Engineers Salaries • Starting salaries (2001): • BS degree: $47,850 • MS degree: $62,600 • Engineering technologists will start between $5,000 and $8,000 less than an engineering graduate. • $39,000--$42,000 (National Association of Colleges and Employers, 2001)

10. Biomedical Engineers Salaries • Industry salaries (2000): • Median: $57,480 • Mid 50%: $45,760 - $74,210 • Top 10%: > $90,530 (US Dept. of Labor, Bureau of Labor Statistics)

12. Market Size (World) World market (1998): $145 billion Estimated world market (2006): $260 billion

13. Industry Profile - Company Size 7000 biomedical engineering positions in 2000 (US Dept. of Labor, Bureau of Labor Statistics) # of Employees Quality System Regulation, FDA, 21 CFR, 1996

14. R&D Spending

15. Employment Outlook • Faster than average increase than other occupations through 2010 (31.4% vs. 15.2%). • Aging population, focus on health issues • Emerging new areas: • Computer assisted surgery • Cellular and tissue engineering • Rehabilitation and orthopedics • Emphasis on cost efficiency and effectiveness (US Dept. of Labor, Bureau of Labor Statistics)

16. Average Salary and Compensation MDDI, October 1999

17. 2001 MDDI, December 2001