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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 | May 2015

Picture of health: Steady healthcare spending and innovation will continue to lift revenue

IBISWorld’s Medical Instrument & Supply Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$105bn
Annual Growth 10-15
2.9%
Annual Growth 15-20
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Profit
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Employment
280,357
Businesses
15,541
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, operators 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

In 2015, IBISWorld estimates that Medical Instrument and Supply Manufacturing industry revenue will grow 5.3% to reach $105.3 billion, as the twin engines of macroeconomic growth in the United States and the expansion of public and private coverage under the Patient Protection and Affordable Care Act (PPACA) drive hospitals to restock more supplies and tend to more patients who can afford healthcare services again. Despite challenges including unstable government reimbursement and the unsure path of healthcare reform, industry revenue is expected to increase at an average annual rate of 2.9% in the five years to 2015... 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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