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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 | Aug 2014

Bill of health: Healthcare reform gives the industry more patients, but also more regulations

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
$38bn
Annual Growth 09-14
3.6%
Annual Growth 14-19
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Profit
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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 - Starting a New Business Chapter

The Medical Device Manufacturing industry's high average profit margins may appeal to potential industry entrants; however, several barriers may discourage industry entry, including heavy regulation, high investment costs, a high level of competition and a fast rate of technological change. In this industry, most goods are manufactured under patent; moreover, industry operators highly guard their technological know-how and intellectual property. Companies looking to enter some industry markets will accordingly face incredibly high-level technical demands with little publicly available technical information... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical Device Manufacturing Industry?

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

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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