Overview

Picture of health: Industry revenue in Texas is expected to outpace national revenue growth

The Medical Device Manufacturing in Texas Industry Research Report measures market size, analyses current and future trends, and provides an indication of market share for the industry’s largest companies. IBISWorld’s collection of industry market research reports gives you insightful, up-to-date information on the supply chains, economic drivers, and key buyers and markets for hundreds of industries.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • As industry revenue has grown over the past five years, the industry has become more attractive to new companies
  • Major companies have invested in Texas, raising the number of industry companies
  • The number of people with private health insurance is expected to remain high in Texas

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    Industry Analysis & Industry Trends

    Despite only making up a relatively small portion of the national Medical Device Manufacturing industry, the Texas Medical Device Manufacturing industry has grown over the past five years. Rising private insurance enrollment created by the Patient Protection and Affordable Care Act (PPACA) and the aging population have driven demand for healthcare services, and therefore industry products. As a traditionally conservative state, Texas had previously not heavily regulated the healthcare sector, so the PPACA incited rapid growth in healthcare. Large international companies have invested in the industry by opening new establishments and acquiring businesses in Texas. This growth is expected to continue over the five years to 2022...

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    Industry Report - Industry Key Buyers Chapter

    In Texas, the Medical Device Manufacturing industry carries a high level of industry concentration. The four largest companies in the industry are expected to account for more than 70.0% of revenue in 2017. While the national industry includes many small companies, in 2017, there are only expected to be 44 industry companies in Texas. As a result, there is very little competition for the larger companies. Over the next five years, concentration is projected to remain high because the number of enterprises is only expected to grow to 53 companies.

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    Additional Insights for the Medical Device Manufacturing in Texas Industry

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

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    Industry Products

    What is the Medical Device Manufacturing in Texas 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
    Neuromodulation devices
    Diabetes devices
    Patient monitoring devices
    Industry Activities
    Fabricating medical diagnostic and therapeutic apparatus
    Researching 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 in Texas
  • Federal funding for Medicare and Medicaid
  • Total health expenditure in Texas

  • Current Performance
  • Investing in Texas
  • Rising demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Texas gets bigger
  • A more attractive industry
  • Table: Medical Device Manufacturing in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Device Manufacturing in Texas 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
  • Neuromodulation devices
  • Diabetes devices
  • Patient monitoring devices
  • Chart: Medical Device Manufacturing in Texas Industry Products and Services Segmentation

  • Major Markets
  • Hospitals
  • Wholesalers
  • Specialists and alternative-care providers
  • Chart: Major Market Segmentation for the Medical Device Manufacturing in Texas Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Medical Device Manufacturing in Texas

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Device Manufacturing in Texas Industry

  • Major Companies
    Abbott LaboratoriesMedtronic PLCSmith & Nephew PLCNovartis AGStryker Corporation
  • Table: Abbott Laboratories - financial performance
  • Table: Medtronic PLC - financial performance
  • Table: Smith & Nephew PLC - financial performance
  • Table: Novartis AG - financial performance
  • Table: Stryker Corporation - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Device Manufacturing in Texas 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 in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Total Health Expenditure in Texas (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    3D Bioprinting
  • A process of generating items from biological material, wherein cell function and viability are preserved within the printed item.
  • Electromedical
  • Electrically operated diagnostic and other medical equipment.
  • 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 in Texas:
    • 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 Texas 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 Texas, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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