Choppy waters: While industry revenue has declined over the past five years, increased R&D expenditure will lead to future growth

The Medical Instrument and Supply Manufacturing industry in California has benefited from California's aging population and growing number of people with private health insurance. However, the entire manufacturing sector has struggled recently, as the appreciating US dollar has created more import competition, and postrecessionary growth has slowed. As a result, industry revenue is expected to decline slightly over the five years to 2017. Research and development expenditure is expected to rise over the five years to 2022, supporting industry efforts to create safer and more efficient products that will increase sales and effectively boost industry revenue...read more.

Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 12-17
-0.3%
Forecast Growth 17-22
Profit
Employment
48,474
Businesses
2,683

Industry Threats & Opportunities

  • Research and development will be a steady driver for the industry
  • The appreciating US dollar has resulted in greater competition from imports
  • Consolidation of smaller companies with patents is expected to continue
  • Industry Report - Industry Key Buyers Chapter

    Similar to the rest of the United States, the Medical Instrument and Supply Manufacturing industry in California is mostly made up of small- and medium-sized companies. The four largest companies are expected to account for between 15.0% and 20.0% of industry revenue in 2017. Most companies that enter this industry are start-ups that have a patent for an innovative new product. However, these small entrants often lack the resources to bring their product to market while complying with the industry's strict regulations. As a result, larger companies often acquire these small companies to grow their market share. Market share concentration is expected to increase over the next five years as consolidation becomes more rapid...purchase to read more.

    Additional Insights for the Medical Instrument & Supply Manufacturing in California Industry

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

  • Business expertise of operators
  • Access to the latest available and most efficient technology and techniques
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Number of physician visits and Number of Adults Aged 65 and Older in California in the Medical Instrument & Supply Manufacturing in California industry impact industry performance..

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    What's in this report

    What is the Medical Instrument & Supply Manufacturing in California Industry?

    This industry comprises establishments primarily engaged in manufacturing medical equipment and supplies. Examples of products made by these establishments are laboratory apparatus and furniture, surgical and medical instruments, surgical appliances and supplies, dental equipment and supplies, orthodontic goods, dentures and orthodontic appliances.

    Industry Products
  • Surgical supplies
  • Surgical appliances
  • Dental supplies
  • Dental laboratory equipment
  • Industry Activities
  • Dental Equipment and Supplies
  • Ophthalmic Goods
  • Surgical and Medical Instrument
  • Surgical Appliance and Supplies
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of physician visits
  • Number of Adults Aged 65 and Older in California
  • Research and development expenditure
  • Number of People with Private Health Insurance in California
  • Trade-weighted index

  • Current Performance
  • Startups and innovations
  • Input costs
  • Chart: Revenue Growth

  • Industry Outlook
  • Innovation
  • Consolidation
  • Table: Medical Instrument & Supply Manufacturing in California Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Medical Supplies Wholesaling
  • Offices of Physicians
  • Dentists
  • Optometrists
  • Diagnostic & Medical Laboratories
  • Hospitals
  • Natural Disaster & Emergency Relief Services

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

  • Products & Services
  • Surgical appliances
  • Surgical supplies
  • Dental supplies
  • Dental laboratory equipment
  • Chart: Medical Instrument & Supply Manufacturing in California Industry Products and Services Segmentation

  • Major Markets
  • Hospitals
  • Distributors
  • Third-party healthcare providers
  • Chart: Major Market Segmentation for the Medical Instrument & Supply Manufacturing in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Medical Instrument & Supply Manufacturing in California

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Instrument & Supply Manufacturing in California Industry

  • Johnson & Johnson, Baxter International Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Stryker Corporation, Medtronic PLC,
  • Table: Johnson & Johnson - financial performance
  • Table: Baxter International Inc. - financial performance
  • Table: Becton, Dickinson and Company - financial performance
  • Table: Boston Scientific Corporation - financial performance
  • Table: Stryker Corporation - financial performance
  • Table: Medtronic PLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Instrument & Supply 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
    Table: Industry Data for the Medical Instrument & Supply Manufacturing in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of people with private health insurance in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Dialysis
  • The process of cleaning the blood in the way that kidneys normally would
  • Intravenous (Iv) Equipment
  • Equipment used to access the veins
  • Orthopedics
  • The field of medicine dealing with bones and muscles
  • What Our Customers Say

    Why buy this report?

    The Medical Instrument & Supply Manufacturing in California Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

    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 Instrument & Supply 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 Instrument & Supply 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 Instrument & Supply 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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