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Medical Instrument & Supply Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical Instrument & Supply Manufacturing Market Research Report | NAICS 33911a | Jan 2014

Healthy demand: Steady healthcare spending and innovation will continue driving revenue

The Medical Instrument & Supply 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
Market Share of Companies
Industry Statistics & Market Size
Revenue
$96bn
Annual Growth 09-14
2.5%
Annual Growth 14-19
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Profit
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Employment
265,332
Businesses
15,429
Industry Analysis & Industry Trends

This industry has a healthy future ahead, as the aging population will continue to require medical devices and supplies. Furthermore, rising obesity and diabetes rates have boosted the need for devices that address these health issues. Additionally, increased spending on health from public and private sectors will bolster industry demand. In the next five years, firms will be threatened by greater taxes on their main products, but overall revenue will still rise... purchase to read more

Industry Report - Industry Analysis Chapter

The Medical Instrument and Supply Manufacturing industry has been relatively resilient to economic downturns, and the recession of 2009 was no different. While the recession slowed medical device spending, the industry maintained sales growth through 2009. In 2014, IBISWorld estimates that revenue will grow 5.1% to $96.4 billion, indicating a continued recovery as hospitals restock supplies and tend to more patients who can afford healthcare services again. Despite challenges including declines in government reimbursement, healthcare reform and the economic downturn, industry revenue is expected to increase at an average annual rate of 2.5% in the five years to 2014... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical Instrument & Supply Manufacturing Industry?

This industry primarily researches, develops and produces nonelectronic medical, surgical, ophthalmic and veterinary instruments and apparatus, such as syringes, anesthesia apparatus, blood transfusion equipment, catheters, surgical clamps and medical thermometers. The industry does not manufacture electromedical and electrotherapeutic apparatus, laboratory instruments, X-ray apparatus, nonmedical thermometers or ophthalmic goods (such as contact lenses and eyeglasses).

Industry Products
Surgical instruments (e.g. suture needles) Diagnostic apparatus (except electromedical products)Blood transfusion and IV equipment (e.g. blood donor kits)Internal fixation devices (e.g. bone nails, plates and screws)Catheters Syringes and hypodermic needles Orthopedic instruments (except ear, eye, nose and throat products)
 
Industry Activities
Designing, developing and medical and surgical instruments and suppliesDesigning, developing and ophthalmic instruments and suppliesDesigning, developing and veterinary instruments and supplies


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