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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 2016

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
$42bn
Annual Growth 11-16
4.5%
Annual Growth 16-21
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Profit
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Employment
87,781
Businesses
893
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. Revenue increased over the current five-year period and is anticipated to continuing growth over the next five-year period. Although the majority of baby boomers are still under the age of 65, a significant portion of this group will cross this age threshold over the next five years, resulting in revenue growth from for the 65-and-over demographic... 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.

West

The Medical Device Manufacturing industry is concentrated in the West. This region accounts for 25.6% 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 20.2% of the industry's total establishments... 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 and spinal devicesCardiovascular devicesDiabetes devicesOther devicesIrradiation devicesPatient recovery and noninvasive devices
 
Industry Activities
Fabricating medical diagnostic and therapeutic apparatusResearching and developmentMarketing and distribution


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