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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Products Chapter

Irradiation devices

Irradiation devices use X-rays, beta-rays, gamma-rays and other ionizing radiation for medical diagnoses, therapeutic applications and research purposes. Irradiation apparatus include generators, tubes, lamps, CT/CAT scanners and nuclear irradiation equipment and represents about one-quarter of industry revenue. Irradiation equipment generally represents a significant capital investment for a hospital or clinic. As such, demand for this segment's products was low during the recession, as cash-strapped medical care facilities opted to get old machinery repaired instead of buying new products. As the economy has begun to recover in the five years since 2010, demand for new irradiation devices has increased... 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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