Industry Analysis & Industry Trends
To protect and serve
Demand for surgical apparel will increase, coinciding with growth in elective surgeries and the age of the population. In particular, healthcare reform will allow more Americans to have healthcare coverage, resulting in more surgeries and stronger industry demand. Further, the aging baby boomer population will boost industry revenue, since elderly individuals typically require more surgeries.... purchase to read more
Industry Report - Starting a New Business Chapter
Companies in this industry manufacture regulated products that are often patented. While patents are designed to ensure that investors reap the benefits of innovation, firms make high initial investments in research and development and invest in cutting-edge technologies to ensure high-quality production. The guarantee of quality is essential to develop contracts with purchasers of surgical apparel, which include distributors and hospitals.
Also, these products are sold to a limited market, which highly values the quality of products. In the next five years, this market is also expected to contract as downstream industries like hospitals and outpatient care centers consolidate. This factor will increase competition for industry players... purchase to read more