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Medical Device Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical Device Manufacturing Market Research Report | NAICS 33451b | May 2015

Healthy growth: Healthcare reform boosts patient base, but regulations may threaten profit

IBISWorld’s Medical Device Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$40bn
Annual Growth 10-15
3.5%
Annual Growth 15-20
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Profit
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Employment
86,505
Businesses
552
Industry Analysis & Industry Trends

Although medical devices are essential healthcare products, the recession took a toll on the Medical Device Manufacturing industry. Revenue tumbled in 2011, as slim profit margins constrained hospitals' ability to raise capital for large purchases. However, the changing demographics of the United States favor the industry. Although the majority of baby boomers are still under the age of 65, a significant portion of this group will cross this age threshold in the five years to 2020, resulting in revenue growth from for the 65-and-over demographic... purchase to read more

Industry Report - Industry Analysis Chapter

As a highly competitive, high-margin industry that produces largely nondiscretionary products, the Medical Device Manufacturing industry has performed well during the past five years. Revenue tumbled in 2011, as slim profit margins constrained hospitals' ability to raise capital for large purchases. However, in 2015, revenue is expected to grow 3.8% to $40.1 billion, as an aging population, the expansion of healthcare coverage and technological advances bolster market growth. The improving economy has encouraged more consumers to seek medical care and physician visits are expected to increase 3.3% per year on average during the five years to 2015. As more individuals visit physicians and are diagnosed with conditions requiring medical devices, demand for industry products will increase... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical Device Manufacturing Industry?

This industry includes manufacturers of electromedical and electrotherapeutic apparatuses, such as magnetic resonance imaging equipment, medical ultrasound equipment, pacemakers, hearing aids, electrocardiographs and electromedical endoscopic equipment. The industry also manufactures irradiation apparatuses and tubes for applications such as medical diagnostic, medical therapeutic, industrial, research, scientific evaluation and more.

Industry Products
Neuromodulation devicesCardiovascular devicesSpinal devicesOther devicesIrradiation devicesAnesthesia and respiratory devices
 
Industry Activities
Fabricating medical diagnostic and therapeutic apparatusResearching and developmentMarketing and distribution


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