Overview

Healthy growth: Healthcare reform boosts patient base, but regulations may threaten profit

IBISWorld’s Medical Device Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Technological advances, expansion of healthcare and the improving economy have stimulated demand
  • Industry operators often have the weak hand in price negotiations
  • Recent healthcare legislation has created a degree of uncertainty for medical device companies

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    Industry Analysis & Industry Trends

    Technological advances, the legislative expansion of healthcare access and the improving economy have stimulated demand for medical devices overthe past five years, and the aging US population has further contributed to revenue growth, due to the high incidence of health issues requiring medical devices among the elderly. IBISWorld expects industry revenue to grow over the five years to 2017. Over the five years to 2022, this growth is expected to continue, with revenue increasing at a slightly faster rate. The aging baby-boomer population and technological developments will continue to bolster industry growth, but the changing regulatory environment will likely hamper profitability...

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    Industry Report - Industry Key Buyers Chapter

    IBISWorld estimates that the top four industry participants hold a combined share of 78.6% of total industry revenue in 2017, indicating a high level of industry concentration. Small operators (i.e. companies employing fewer than 20 people) are common in this industry; these operators typically specialize in developing technology and products for a niche area. Larger players frequently look to acquire these companies to expand their product offerings or gain access to a particular technology. Though there has been a pattern of the largest companies acquiring medium-sized operators, the number of participants in the industry has increased over the past five years. How..

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    Additional Insights for the Medical Device Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Device Manufacturing 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 the Medical Device Manufacturing industry impact industry performance..

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    Industry Products

    What is the Medical Device Manufacturing 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
    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
    Research 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
  • Number of physician visits
  • Number of adults aged 65 and older
  • Total health expenditure
  • Federal funding for Medicare and Medicaid
  • Trade-weighted index

  • Current Performance
  • Aging population
  • Regulation and profit
  • Consolidation and globalization
  • Chart: Revenue Growth

  • Industry Outlook
  • Effects of legislation
  • Regulation and consolidation
  • Downstream pressures
  • Table: Medical Device Manufacturing Industry Revenue Outlook

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

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

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Manufacturing

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

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Medical Device Manufacturing

  • Basis of Competition
  • Quality and innovation
  • Meeting customer needs
  • Industry loyalty, not brand loyalty

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

  • Industry Globalization
    Major Companies
    Medtronic PLCGeneral Electric Company Abbott LaboratoriesJohnson & Johnson
  • Table: Medtronic PLC - financial performance
  • Table: General Electric Company - financial performance
  • Table: Abbott Laboratories - financial performance
  • Table: Johnson & Johnson - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Device Manufacturing 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 Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Number of Physician Visits (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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)
  • A 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.
  • 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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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