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 Locations Chapter
Industry locations are concentrated in the West (18.1% of establishments and 21.4% of employment), the Great Lakes (17.4% and 15.9%), the Southeast (17.2% and 17.8%) and the Mid-Atlantic (16.6% and 17.0%) regions. Geographic analysis by state reveals that California alone accounts for an estimated 12.6% of industry establishments, 18.5% of industry employment and 17.8% of industry revenue. The concentration of firms in California can be explained by the fact that California has more than 400 community hospitals operating 74,000 beds with more than reported 3.5 million admissions. In the same year, hospital personnel included 85,000 full-time registered nurses and 10,387 full-time licensed practical nurses, according to Citi-Data.com... purchase to read more