On the mend: Revenue will return to growth as demand for medical devices rises in the state and region

The Medical Device Manufacturing industry is a relatively small industry in Georgia. While nationally, medical device manufacturing is an important industry, only a small number of medical device companies operate in Georgia. Over the five years to 2018, the number of companies operating in the Georgia industry has grown at an annualized rate of 7.9% to only 57. Meanwhile, industry employment has grown an annualized 8.0% to only 402 during the same period. With such a small number of companies, the industry's performance is largely determined by the operations of the largest companies in the state. Medtronic, Johnson and Johnson and Becton, Dickinson and Company are together expected to account for more than 60.0%...purchase to read more.

Industry Statistics & Market Size
Revenue
$125m
Annual Growth 13-18
-1.1%
Forecast Growth 18-23
Profit
Employment
402
Businesses
60

Industry Threats & Opportunities

  • Due to its high level of concentration, the industry has not always followed trends that typically determine demand for medical devices
  • Additional Insights for the Medical Device Manufacturing in Georgia Industry

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

  • Access to highly skilled workforce
  • Access to the latest technology
  • Establishment of export markets
  • IBISWorld analysts also discuss how external factors such as Number of physician visits and Number of adults aged 65 and older in Georgia in the Medical Device Manufacturing in Georgia industry impact industry performance..

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    What's in this report

    What is the Medical Device Manufacturing in Georgia Industry?

    This industry includes manufacturers of electromedical and electrotherapeutic apparatuses, such as magnetic resonance imaging equipment, medical ultrasound equipment, pacemakers, hearing aids, electrocardiographs and electromedical endoscopic equipment. The industry also manufactures irradiation apparatuses and tubes for applications such as medical diagnostic, medical therapeutic, industrial, research, scientific evaluation and more.

    Industry Products
  • Cardiovascular devices
  • Irradiation devices
  • Neuromodulation devices
  • Diabetes devices
  • Patient monitoring devices
  • Industry Activities
  • Fabricating medical diagnostic and therapeutic apparatus
  • Researching and development
  • Marketing and distribution
  • 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 Georgia
  • Number of people with private health insurance in Georgia
  • Federal funding for Medicare and Medicaid
  • Trade-weighted index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Device Manufacturing in Georgia Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Medical Supplies Wholesaling
  • Specialist Doctors
  • Hospitals

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Manufacturing

  • Products & Services
  • Cardiovascular devices
  • Irradiation devices
  • Other
  • Diabetes devices
  • Neuromodulation devices
  • Patient monitoring devices
  • Chart: Medical Device Manufacturing in Georgia Industry Products and Services Segmentation

  • Major Markets
  • Distributors
  • Hospitals
  • Specialists and alternate-care providers
  • Chart: Major Market Segmentation for the Medical Device Manufacturing in Georgia Industry

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

  • Basis of Competition
    Barriers to Entry
    Becton, Dickinson and Company, Johnson & Johnson, Medtronic PLC, C. H. Martin Company, Hanger Orthopedic Group,
  • Table: Becton, Dickinson and Company - financial performance
  • Table: Johnson & Johnson - financial performance
  • Table: Medtronic PLC - financial performance
  • Table: C. H. Martin Company - financial performance
  • Table: Hanger Orthopedic Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Device Manufacturing in Georgia 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 Device Manufacturing in Georgia Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of adults aged 65 and older in Georgia (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • Medical Device Reporting
  • Submissions to the Food and Drug Administration when death or serious injury occurs while using a medical device.
  • Neuromodulation
  • The alteration of nerve activity through the delivery of electrical stimulation or chemical agents to targeted sites of the body.
  • What Our Customers Say

    Why buy this report?

    The Medical Device Manufacturing in Georgia 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 Device Manufacturing in Georgia:
    • 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 Georgia 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 Georgia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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