Industry Analysis & Industry Trends
The recession did little to deter hospitals and other customers from purchasing medical devices, and the anticipated economic recovery will only help the industry grow further. Medical device manufacturers will continue to benefit from the aging US population, while the influx of newly insured people due to the healthcare reform bill will drive up demand for industry products. However, the regulatory environment is growing more stringent, which will hamper profit and force some companies to shift functions overseas... purchase to read more
Industry Report - Industry Locations Chapter
Medical device manufacturers are located throughout the country, but are mainly concentrated in certain states known for other high-technology industries including microelectronics and biotechnology. Other factors affecting geographic distribution include proximity to complementary industries, location of customers, location of suppliers, the traditional development of various industry segments, and the location and accessibility of high-skilled labor.
The medical devices industry is concentrated in the West. This region accounts for about 24.2% of industry establishments and more than one quarter of total revenue. Within this region, much industry activity is located in California; the state is home to nearly 19.0% of the industry's total establishments... purchase to read more