Healthy demand: Steady healthcare spending and innovation will continue driving revenue
IBISWorld’s Medical Instrument & Supply Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.
Industry Statistics & Market Size
Annual Growth 09-14
Annual Growth 14-19
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 - Industry Products Chapter
Orthopedic instruments are used in surgeries concerned with conditions involving the musculoskeletal system. Demand for this product segment has been on the rise in recent years, because musculoskeletal problems continue to represent a growing source of death and disability in the United States, particularly due to the growing burden of disease associated with an aging population and the increase in the rates of road traffic accidents. The growing incidence of musculoskeletal afflictions has also driven increased research into the biology of musculoskeletal tissues and the diseases that affect them. This research in turn further expands the range of products this segment offers... purchase to read more
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).
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
Designing, developing and medical and surgical instruments and suppliesDesigning, developing and dental instruments and suppliesDesigning, developing and veterinary instruments and supplies