Healthy environment: Favorable demographic and technological trends will support industry sales

The Medical Instrument & Supply Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.


Industry Threats & Opportunities

  • Fluctuations in demand have resulted in overall revenue declines
  • The industry has contended with group purchasing organizations, limiting profitability
  • Stressed government budgets and soft demand for elective procedures may constrain growth
  • Industry Analysis & Industry Trends

    Over the five years to 2017, revenue for the Medical Instrument and Supply Manufacturing industry grew modestly. As a result of healthcare reform, hospitals have increased demand for medical supplies; however, at the same time, hospital consolidation has also constrained demand for industry products. Changing demographics, healthcare reform and product innovation will shape the industry in coming years. The aging population is expected to have the most significant effect on demand for medical supplies and instruments, as their need for care drives increases in overall public and private health expenditure.

    Industry Report - Starting a New Business Chapter

    Potential new entrants into the Medical Instrument and Supply Manufacturing industry will face moderate barriers to entry. Companies entering the industry are often new start-ups based upon the development of an innovative product.

    In this industry, most goods are manufactured under patent. This acts as a barrier to entry into certain markets where patented products exist. Operators entering the industry would need to either acquire a company that holds a patent or engage in costly research and development to manufacture a product that can compete without infringing upon their competitors' intellectual property.

    Government policy is another barrier for new entrants. Essentially, medical devices are subject to the regulations of the Federal Food Drug & Cosmetic (FD&C) Act. The

    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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    Industry Products

    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

    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
  • 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

  • Products & Markets
    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
    Competitive Landscape
    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 competitionBasis of competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Instrument & Supply Manufacturing Industry

  • Industry Globalization
    Major Companies
    Johnson & JohnsonStryker Corporation
  • Table: Johnson & Johnson - financial performance
  • Table: Stryker Corporation - financial performance

  • Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • 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 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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