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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 | Nov 2015

Healthy environment: Favorable demographic and technological trends will support sales

IBISWorld’s Medical Instrument & Supply Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$96bn
Annual Growth 10-15
1.1%
Annual Growth 15-20
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Profit
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Employment
259,921
Businesses
16,347
Industry Analysis & Industry Trends

The Medical Instrument and Supply Manufacturing industry is a mature, consolidating industry with relatively high profit margins; as a result, the industry was largely resilient during the recession, and IBISWorld expects its revenue to continue growing. In the coming years, favorable demographic and technological trends will continue to support product development and industry sales... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Over the 10 years to 2020, industry value added (IVA), or the value that the industry adds to the overall economy, is expected to decease at an annualized rate of 0.1%. Comparatively, the US economy as a whole is anticipated to grow at an average annual rate of 2.2% over the same period. The Medical Instrument and Supply Manufacturing industry is currently in the declining life cycle stage. This is in line with rampant industry consolidation and growing leverage from key markets, namely group purchasing organizations (GPOs) that negotiate medical supply prices on the behalf of hospitals... 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, dental 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, X-ray apparatus, nonmedical thermometers or ophthalmic goods (such as contact lenses and eyeglasses).

Industry Products
Surgical instrumentsDiagnostic apparatus (except electromedical products)Blood transfusion and IV equipmentStents and catheters Syringes and hypodermic needles Orthopedic instruments (except ear, eye, nose and throat products)Dental instruments
 
Industry Activities
Designing, developing and medical and surgical instruments and suppliesDesigning, developing and dental instruments and suppliesDesigning, developing and veterinary instruments and supplies


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