Industry Analysis & Industry Trends
Cleaning up
An aging population and continued investment into manufacturing and research and developement will help the industry maintain its pace of growth seen in recent years. Baby boomers are reaching the age where more medical procedures are increasing, thus providing a revenue input from institutions that need to sterilize medical instruments. Healthcare reform will also boost revenue in the future, but profit margins are threatened as the industry loses some pricing power over healthcare providers.... purchase to read more
Industry Report - Industry Analysis Chapter
The Instrument Sterilization Product Manufacturing industry has been resilient to economic downturns. While the recession negatively influenced spending on medical instruments, the instrument sterilization product industry maintained sales growth through 2008 and 2009. The industry also had to battle declines in demand from falling research and development (R&D) expenditure and a crippled manufacturing market. However, overall demand for sterilization equipment managed to maintain, and from 2010 to 2011, revenue rose an estimated 3.7% to $1.2 billion, indicating continued recovery as hospitals restocked supplies and tended to more patients who were able to afford healthcare services again. This led to increased demand for the sterilization products from the medical market. Des... purchase to read more