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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 2014

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

IBISWorld’s Medical Device Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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

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 SWOT Analysis Chapter

In the 10 years to 2019, IBISWorld expects the Medical Device Manufacturing industry to grow at roughly the same pace as the overall economy: industry value added, which measures an industry's contribution to the US economy, is forecast to grow at an average annual rate of 5.3% during the period, faster than the anticipated 2.7% annualized GDP growth during the same period. This strong growth indicates that the industry is currently growing.

Industry growth is largely supported by demographic trends. Aging populations in the United States and other advanced economies drive demand for medical devices. As people age, they are more likely to require medical services, and advances in technology mean that more health problems can be treated... 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 apparatusResearch and developmentMarketing and distribution


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