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 Analysis Chapter
In 2016, IBISWorld estimates that Medical Instrument and Supply Manufacturing industry revenue will grow 1.4% to reach $91.9 billion, driven by the expansion of public and private coverage under the Patient Protection and Affordable Care Act (PPACA). As a result of healthcare reform, hospitals have increased their demand for medical supplies; however, hospital consolidation has constrained demand for industry products. Over the five years to 2016, industry revenue is expected to grow at a slight annualized rate of 0.3%.
Demographics and spending
Favorable demographics, government and private spending on healthcare, advances in medical technology and the age of capital equipment in stock all bolster demand for industry products... purchase to read more