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 - Starting a New Business Chapter
Potential new entrants into the Medical Instrument and Supply Manufacturing industry will face moderate barriers to entry. Companies entering the industry are often new start-ups based upon the development of an innovative product.
In this industry, most goods are manufactured under patent. This acts as a barrier to entry into certain markets where patented products exist. Firms entering the industry would need to either acquire a company that holds a patent or engage in costly research and development to manufacture a product that can compete without infringing upon their competitors intellectual property.
Government policy is another barrier for new entrants. Essentially, medical devices are subject to the regulations of the Federal Food Drug & Cosmetic (FD&C) Act... purchase to read more