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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 | Sep 2014

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

IBISWorld’s Medical Instrument & Supply Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Investment Chapter

Medical instrument and supply manufacturers have moderate fixed capital expenses, yet wage costs are also higher than the manufacturing sector average, at about 17.2% of revenue. For every dollar of wages, about $0.17 is spent on capital equipment. The industry produces an assorted range of products for highly specialized applications. Not all products can be manufactured on an automated production line; skilled specialists are needed to create many medical instruments, and these employees command salaries well above the manufacturing sector average wage.

Industry data indicate that fixed assets (all property, plant, leasehold improvements and equipment, net of depreciation) account for about 20.0% of total assets. Depreciation expense represents about 3.0% of revenue... 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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