Rest and recovery: Despite one harsh year of decline, the industry in Georgia is and will keep growing

While the Medical Instrument and Supply Manufacturing industry in Georgia has mostly grown over the past five years, a significant decline in 2014 has resulted in a net decline during the period. The industry has benefited from rising demand for healthcare services in Georgia and increasing access to health insurance. Over the past five years, the number of people with private health insurance in Georgia is expected to rise at an annualized rate of 1.1% due to the implementation of the Patient Protection and Affordable Care Act (PPACA). Meanwhile, over the past five years, the number of adults aged 65 and older in Georgia has increased an annualized 3.9%, resulting in greater demand for healthcare services because elderly people are more likely to incur higher healthcare costs...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
-1.0%
Forecast Growth 18-23
Profit
Employment
5,183
Businesses
607

Industry Threats & Opportunities

  • The industry has benefited from rising demand for healthcare services in Georgia and increasing access to health insurance
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

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

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

  • Having contacts within key markets
  • Economies of scale
  • Undertaking technical research and development
  • 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 Instrument & Supply Manufacturing in Georgia industry impact industry performance..

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    What's in this report

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

    This industry primarily researches, develops and produces nonelectronic medical, surgical, dental and veterinary instruments and apparatus, such as syringes, anesthesia apparatus, blood transfusion equipment, catheters, surgical clamps and medical thermometers. The industry does not manufacture electromedical and electrotherapeutic apparatus, X-ray apparatus, nonmedical thermometers or ophthalmic goods (such as contact lenses and eyeglasses).

    Industry Products
  • Surgical and medical instruments
  • Surgical, medical and hospital supplies
  • Dental supplies
  • Dental laboratories
  • Industry Activities
  • Designing, developing and medical and surgical instruments and supplies
  • Designing, developing and dental instruments and supplies
  • Designing, developing and veterinary instruments 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 Georgia
  • Research and development expenditure
  • Number of people with private health insurance in Georgia
  • Trade-weighted index

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

  • Supply Chains
    Key Buying Industries
  • Medical Supplies Wholesaling
  • Veterinary Services
  • Primary Care Doctors
  • Specialist Doctors
  • Dentists
  • Hospitals
  • Natural Disaster & Emergency Relief Services

  • Key Selling Industries
  • Cotton Farming
  • Glass Product Manufacturing
  • Hose & Belt Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Rubber Product Manufacturing

  • Products & Services
  • Surgical, medical and hospital supplies
  • Dental laboratories
  • Surgical and medical instruments
  • Dental supplies
  • Other
  • Chart: Medical Instrument & Supply Manufacturing in Georgia Industry Products and Services Segmentation

  • Major Markets
  • Distributors
  • Hospitals
  • Other healthcare providers
  • Chart: Major Market Segmentation for the Medical Instrument & Supply 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 Instrument & Supply Manufacturing in Georgia

  • Basis of Competition
    Barriers to Entry
    Becton, Dickinson and Company, Brasseler USA, GF Health Products Inc., Omni International Inc., Stradis Healthcare LLC,
  • Table: Becton, Dickinson and Company - financial performance
  • Table: Brasseler USA - financial performance
  • Table: GF Health Products Inc. - financial performance
  • Table: Omni International Inc. - financial performance
  • Table: Stradis Healthcare LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Instrument & Supply 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 Instrument & Supply Manufacturing in Georgia Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of people with private health insurance in Georgia (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    510(K) Premarket Notifications
  • A premarket submission made to the US Food and Drug Administration to demonstrate that the device to be marketed is at least as safe and effective as a legally marketed device.
  • Clinical Research
  • The study of a device in human subjects with the intent to discover potential beneficial effects or determine its safety and efficacy.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Medical Instrument & Supply Manufacturing in Georgia 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.

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    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Medical Instrument & Supply 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 Instrument & Supply 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 Instrument & Supply 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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