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 SWOT Analysis Chapter
Over the 10 years to 2018, the value that the industry adds to the overall economy is forecast to increase 1.0% per year on average. In comparison, US GDP is expected to expand 2.1% per year on average. Although industry value added is lagging behind GDP growth, the industry is continuing to grow, due to consistently strong demand for the industry's widely differentiated medical instrument and supply offerings.
Although IBISWorld expects industry growth to continue in the five years to 2018, product innovation generally does not create new markets; rather, novel products enhance already existing treatment markets... purchase to read more