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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 | Jan 2014

Healthy demand: Steady healthcare spending and innovation will continue driving revenue

IBISWorld’s Medical Instrument & Supply Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry Products Chapter

Orthopedic instruments

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

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical Instrument & Supply Manufacturing Industry?

This industry primarily researches, develops and produces nonelectronic medical, surgical, ophthalmic 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 instruments (e.g. suture needles) Diagnostic apparatus (except electromedical products)Blood transfusion and IV equipment (e.g. blood donor kits)Internal fixation devices (e.g. bone nails, plates and screws)Catheters Syringes and hypodermic needles Orthopedic instruments (except ear, eye, nose and throat products)
 
Industry Activities
Designing, developing and medical and surgical instruments and suppliesDesigning, developing and ophthalmic instruments and suppliesDesigning, developing and veterinary instruments and supplies


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