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 - 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. Operators 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