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.
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