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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 2014

Healthy demand: Steady healthcare spending and innovation will continue driving 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
$96bn
Annual Growth 09-14
2.5%
Annual Growth 14-19
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Profit
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Employment
265,332
Businesses
15,429
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

 


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, laboratory instruments, 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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