Aged to perfection: As the baby boomer demographic continues to grow, revenue will follow suit

The Medical Instrument and Supply Manufacturing industry has struggled over the five years to 2017 as a result of declines throughout the manufacturing sector. Immediately following the recession, manufacturing industries benefited from inflated demand created by the improving economy. However, this inflated demand has slowed over the past five years. Over the five years to 2022, IBISWorld expects industry revenue to return to growth. In particular, as healthcare reform expands healthcare coverage, some traditionally underserved demographics will gain access to care. For example, according to A.T. Kearney, manufacturers that provide in vitro diagnostics as well as orthopedic, cardiovascular or renal care devices will benefit from robust demand from the expansion of healthcare coverage...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Many operators have focused less on product innovation and more on extending their current lines
  • The international market has steadily become more important to the industry
  • The baby boomer demographic is set to become the industry’s largest market
  • Industry Report - Industry Locations Chapter

    Industry locations are concentrated in the West (21.6% of establishments), the Southeast (18.9%), the Great Lakes (15.3%) and the Mid-Atlantic (14.9%) regions. Population size and age distribution largely influence the location of medical and scientific laboratories, while the location of physicians generally correlates with the geographic distribution of the population. In addition to the benefits of being located near downstream customers, industry companies also set up locations near their upstream suppliers, to reduce shipping costs. As ...purchase to read more.

    Additional Insights for the Medical Instrument & Supply Manufacturing Industry

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

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    What's in this report

    What is the Medical Instrument & Supply Manufacturing 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 appliances
  • Surgical instruments
  • Dental instruments and supplies
  • Dental laboratories
  • Hospital beds and other specialized hospital furniture
  • Personal safety equipment
  • 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
  • Research and development expenditure
  • Number of people with private health insurance
  • Trade-weighted index

  • Current Performance
  • Demographics and spending
  • Consolidation and profitability
  • Effects of healthcare reform
  • Chart: Revenue Growth

  • Industry Outlook
  • Domestic demographics and emerging markets
  • Innovation, consolidation and profitability
  • Table: Medical Instrument & Supply Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Instrument & Supply Manufacturing 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 instruments
  • Surgical appliances
  • Dental laboratories
  • Dental instruments and supplies
  • Personal safety equipment
  • Hospital beds and other specialized hospital furniture
  • Chart: Medical Instrument & Supply Manufacturing Industry Products and Services Segmentation

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

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesResearch and development
  • Chart: Cost Structure Benchmarking – Sector vs Medical Instrument & Supply Manufacturing

  • Basis of Competition
  • Level of competition
  • Basis of competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Instrument & Supply Manufacturing Industry

  • Industry Globalization
    Johnson & Johnson, Stryker Corporation,
  • Table: Johnson & Johnson - financial performance
  • Table: Stryker Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Instrument & Supply Manufacturing 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 Industry
  • 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
    510(K) Premarket Notifications
  • A premarket submission made to the FDA to demonstrate that the device to be marketed is at least as safe and effective to a legally marketed device that is not subject to PMA.
  • 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 Medical Instrument & Supply Manufacturing Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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