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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 | Jun 2016

Healthy environment: Favorable demographic and technological trends will support sales

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
$92bn
Annual Growth 11-16
0.3%
Annual Growth 16-21
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Profit
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Employment
253,602
Businesses
16,432
Industry Analysis & Industry Trends

The Medical Instrument and Supply Manufacturing industry is a mature, consolidating industry with relatively high profit margins; as a result, the industry was largely resilient during the recession, and IBISWorld expects its revenue to continue growing. In the coming years, favorable demographic and technological trends will continue to support product development and industry sales... purchase to read more

Industry Report - Starting a New Business Chapter

Potential new entrants into the Medical Instrument and Supply Manufacturing industry will face moderate barriers to entry. Companies entering the industry are often new start-ups based upon the development of an innovative product.

In this industry, most goods are manufactured under patent. This acts as a barrier to entry into certain markets where patented products exist. Operators entering the industry would need to either acquire a company that holds a patent or engage in costly research and development to manufacture a product that can compete without infringing upon their competitors intellectual property.

Government policy is another barrier for new entrants. Essentially, medical devices are subject to the regulations of the Federal Food Drug & Cosmetic (FD&C) Act... 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, X-ray apparatus, nonmedical thermometers or ophthalmic goods (such as contact lenses and eyeglasses).

Industry Products
Hospital beds and specialized hospital furniture Surgical appliances Personal safety equipment and clothingOther surgical appliancesSurgical supplies Dental equipment and supplies Dental laboratories
 
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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