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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 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.

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 Analysis Chapter

The Medical Instrument and Supply Manufacturing industry has been relatively resilient to economic downturns, and the recession of 2009 was no different. While the recession slowed medical device spending, the industry maintained sales growth through 2009. In 2014, IBISWorld estimates that revenue will grow 5.1% to $96.4 billion, indicating a continued recovery as hospitals restock supplies and tend to more patients who can afford healthcare services again. Despite challenges including declines in government reimbursement and the unsure path of healthcare reform, industry revenue is expected to increase at an average annual rate of 2.5% in the five years to 2014... 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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