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