Overview

Yearly checkup: Healthcare reform and the medical device excise tax will change the industry landscape

IBISWorld’s industry research report on Medical Device Manufacturing in California contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • A strong support system of venture capitalists and government funding has contributed to rapid industry growth
  • California attracts venture capital to support life sciences discoveries and medical breakthroughs
  • The aging population will be a boon to industry growth over the next five years

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    Industry Analysis & Industry Trends

    Over the five years to 2017, IBISWorld expects industry revenue to grow at an annualized rate of 1.4% to total $9.9 billion, including 2.9% growth in 2017 alone. Healthcare reform legislation has brought about a number of new opportunities and challenges, with the medical device excise tax posing one of the biggest threats to the industry. In the coming years, the landscape of California's medtech cluster is anticipated to undergo transformation. Favorable demographic trends stemming from the rising number of senior adults and insured individuals will be boons to industry growth. Industry revenue is forecast to increase at an annualized rate of 2.9% to total $11.4 billion over the five years to 2022...

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    Industry Report - Industry Locations Chapter

    Medical device manufacturers are primarily concentrated in Los Angeles, Orange County, San Diego and Santa Clara counties. These regions boast a great share of industry establishments primarily due to significant capital and human resources, including venture capital and the National Institute of Health (NIH) funding, as well as an abundance of engineering and medical talent. The presence of the renowned academic and research institutes and the nation's top hospitals also makes these regions attractive for medical device companies. For example, Los Angeles is home to several leading medical device firms, such as Medtronic. Whi..

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    Additional Insights for the Medical Device Manufacturing in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Device Manufacturing in California Industry are

  • Economies of scale
  • Access to highly skilled workforce
  • Access to the latest technology
  • IBISWorld analysts also discuss how external factors such as Total health expenditure and Number of Adults Aged 65 and Older in California in the Medical Device Manufacturing in California industry impact industry performance..

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    Industry Products

    What is the Medical Device Manufacturing in California Industry?

    This industry includes manufacturers of electromedical and electrotherapeutic apparatuses in the state of California. The common types of medical devices include magnetic resonance imaging equipment, medical ultrasound equipment, pacemakers, hearing aids, electrocardiographs and electromedical endoscopic equipment. The industry also manufactures irradiation apparatuses and tubes for medical diagnostic, medical therapeutic, research, scientific evaluation and other applications.

    Industry Products
    Neuromodulation and spinal devices
    Cardiovascular devices
    Diabetes devices
    Other devices
    Irradiation devices
    Patient recovery and noninvasive devices
    Industry Activities
    Fabricating medical diagnostic and therapeutic apparatus
    Researching and development
    Marketing and distribution

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Number of Adults Aged 65 and Older in California
  • Number of People with Private Health Insurance in California
  • Federal funding for Medicare and Medicaid

  • Current Performance
  • Favorable demographic trends
  • Innovation hub
  • Strong Support System
  • Navigating through challenges
  • Chart: Revenue Growth

  • Industry Outlook
  • Surging demand spurs innovation
  • Regulatory hurdles
  • Downstream pressures
  • Table: Medical Device Manufacturing in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Device Manufacturing in California Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Medical Supplies Wholesaling
  • Primary Care Doctors
  • Specialist Doctors
  • Diagnostic & Medical Laboratories
  • Hospitals

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Glass Product Manufacturing
  • Manufacturing
  • Plastic Pipe & Parts Manufacturing

  • Products & Services
  • Cardiovascular devices
  • Other devices
  • Irradiation devices
  • Neuromodulation and spinal devices
  • Patient recovery and noninvasive devices
  • Diabetes devices
  • Chart: Medical Device Manufacturing in California Industry Products and Services Segmentation

  • Major Markets
  • Hospitals
  • Distributors
  • Specialist and alternative-care providers
  • Chart: Major Market Segmentation for the Medical Device Manufacturing in California Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Medical Device Manufacturing in California

  • Basis of Competition
  • Staying innovative
  • Offering competitive prices

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Device Manufacturing in California Industry

  • Major Companies
    Edwards Lifesciences CorporationMedtronic PLCAbbott LaboratoriesBecton, Dickinson and CompanyBoston Scientific CorporationDexCom Inc.
  • Table: Edwards Lifesciences Corporation - financial performance
  • Table: Medtronic PLC - financial performance
  • Table: Abbott Laboratories - financial performance
  • Table: Becton, Dickinson and Company - financial performance
  • Table: Boston Scientific Corporation - financial performance
  • Table: DexCom Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Device Manufacturing in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Medical Device Manufacturing in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • No. of senior adults - 65 years and older (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    3D Bioprinting
  • A process of generating items from biological material, wherein cell function and viability are preserved within the printed item.
  • 510(K)
  • Premarket notification for most devices; named for the section of the law that requires these submissions.
  • Electromedical
  • Electrically operated diagnostic and other medical equipment.
  • Neuromodulation
  • The alteration of nerve activity through the delivery of electrical stimulation or chemical agents to targeted sites of the body.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Medical Device Manufacturing in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Medical Device Manufacturing in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Medical Device Manufacturing in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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