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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 | Jan 2016

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
$45bn
Annual Growth 11-16
5.8%
Annual Growth 16-21
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Profit
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Employment
87,742
Businesses
863
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

Cardiovascular devices

The cardiovascular (CV) device segment is highly competitive and has reached market saturation, as many companies produce similar products that limit room for innovation. During the five years to 2016, this has resulted in low growth rates of therapeutic devices such as pacemakers, defibrillators and drug eluting stents, as well as diagnostic devices such as electrocardiograph machines. Innovations in niche sectors, such as atrial fibrillation and ventricular assist devices, are poised for stronger growth in the near future. In the past five years, top companies operating in the CV segment acquired smaller companies to expand their product portfolios and gain market share in new regions... 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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