The past five years have yielded steady growth for the Medical Device Manufacturing industry in Pennsylvania. As innovation has increased and demand for healthcare services has grown, so has demand for medical devices. Demand for medical devices is largely determined by demand for healthcare services, because devices are needed for most treatments and surgeries. Over the past five years, demand for healthcare services has grown in Pennsylvania, partially due to the state's aging population. As people age, their need for medical devices and medical treatment increases. Therefore, as the number of people over the age of 65 increases, so does demand for industry products...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
1.7%
Forecast Growth 18-23
Profit
Employment
7,013
Businesses
46

Industry Threats & Opportunities

  • Demand for healthcare services has grown in Pennsylvania, partially due to the state’s aging population
  • Industry Report - Industry Key Buyers Chapter

    • Market share concentration is significantly lower in the Pennsylvania industry than the national industry, because Pennsylvania’s industry is made up of independent companies and small facilities.• None of the country’s largest medical device manufacturers have facilities in Pennsylvania.• The four largest companies in the Pennsylvania industry are expected to account for less than 30.0% of industry revenue in 2018...purchase to read more.

    Additional Insights for the Medical Device Manufacturing in Pennsylvania Industry

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

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    What's in this report

    What is the Medical Device Manufacturing in Pennsylvania 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
  • Respiratory devices
  • Surgical devices
  • Renal care devices
  • Intravenous 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 Pennsylvania
  • Total health expenditure
  • 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 Pennsylvania 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
  • Other
  • Intravenous devices
  • Renal care devices
  • Patient monitoring devices
  • Cardiovascular devices
  • Respiratory devices
  • Surgical devices
  • Chart: Medical Device Manufacturing in Pennsylvania Industry Products and Services Segmentation

  • Major Markets
  • Distributors
  • Hospitals
  • Specialists and alternative care providers
  • Chart: Major Market Segmentation for the Medical Device Manufacturing in Pennsylvania 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 Pennsylvania

  • Basis of Competition
    Barriers to Entry
    B. Braun Medical Inc., Integra LifeSciences, Tandem Life, TE Connectivity Ltd., Teleflex Incorporated,
  • Table: B. Braun Medical Inc. - financial performance
  • Table: Integra LifeSciences - financial performance
  • Table: Tandem Life - financial performance
  • Table: TE Connectivity Ltd. - financial performance
  • Table: Teleflex Incorporated - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Device Manufacturing in Pennsylvania 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 Pennsylvania 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 Pennsylvania (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?

    IBISWorld’s Industry Market Report on Medical Device Manufacturing in Pennsylvania is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

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

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