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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 2015

Picture of health: Steady healthcare spending and innovation will continue to lift 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
$105bn
Annual Growth 10-15
2.9%
Annual Growth 15-20
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Profit
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Employment
280,357
Businesses
15,541
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, operators will be threatened by greater taxes on their main products, but overall revenue will still rise... purchase to read more

Industry Report - Industry Key Buyers Chapter

While the Medical Instrument and Supply Manufacturing industry has a number of large operators, small and medium businesses (SMBs) have traditionally dominated the market. IBISWorld estimates that in 2015 the industry’s four largest players will hold a combined market share of less than 20.0% of total industry revenue, which indicates a low level of industry concentration. This market share is increasing as these large operators acquire smaller companies for their lucrative product design patents. Small companies are encouraged to join larger companies in order to gain access to significant distribution networks and research and development budgets. As the industry consolidates, price competition within the industry decreases and profit margins tend to grow... 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
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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