SEARCH   
MEMBER LOGIN    

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 | Oct 2014

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

The Medical Device Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 09-14
3.6%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
Employment
85,002
Businesses
583
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 2009, 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 2019, 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 experienced mixed effects from the economic downturn. Revenue tumbled in 2009, as slim profit margins constrained hospitals' ability to raise capital for large purchases; thus, hospitals would often repair existing equipment rather than pay for a replacement. However, in 2014, revenue is expected to grow 6.7% to $37.6 billion, as an aging population and technological advances bolster market growth. The improving economy has encouraged more consumers to seek medical care; physician visits are expected to increase 2.1% per year on average during the five years to 2014... 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


View Sample
Quote
Select Clients