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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 | Jun 2016

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
$92bn
Annual Growth 11-16
0.3%
Annual Growth 16-21
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Profit
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Employment
253,602
Businesses
16,432
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

 


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
Hospital beds and specialized hospital furniture Surgical appliances Personal safety equipment and clothingOther surgical appliancesSurgical supplies Dental equipment and supplies Dental laboratories
 
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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