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Medical device executives generally made less in 2021 than in 2020, as the pandemic again led people to delay some surgeries for conditions that are not life-threatening but require implanted devices. That stunted some companies’ predictions on revenue and earnings. Still, 22 CEOs from this cohort took home at least $10 million last year.

The 10 highest-earning medical device CEOs made $567 million in 2020, led by a $210 million windfall for Joe Kiani of Masimo, who previously said Covid-19 brought “unprecedented demand” for the company’s oxygen saturation and monitoring devices.


In 2021, that same group of CEOs made around $347 million. A large chunk of that difference can be attributed to Kiani’s pay, which still came in at $41 million but was well below his 2020 payday.

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