No cutbacks: The aging population and persisting obesity epidemic will continue to boost industry sales

IBISWorld’s Surgical Instrument Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.


Industry Threats & Opportunities

  • Aging baby boomers and the PPACA have helped revenue maintain strong overall growth
  • Coupled with the aging of the population, global obesity trends have supported industry revenue
  • Competition from imports will likely expand into high-tech electrosurgery products

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    Industry Analysis & Industry Trends

    The number of surgeries is on the rise, driving demand for the Surgical Instrument Manufacturing industry. The aging US population and growing spending on healthcare have helped bolster revenue over the past five years, while the effects of the Patient Protection and Affordable Care Act (PPACA) have given millions of Americans new access to healthcare services, including surgeries. Coupled with increased out-of-pocket spending on elective surgery and the effect of the improving labor market on the number of Americans with employee-sponsored private health insurance, the expansion of the PPACA led many hospitals and other treatment facilities to stock up on surgical equipment in preparation for booming demand...

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    Industry Report - Industry Locations Chapter

    Population and income levels are key drivers behind the distribution of surgical instrument manufacturers across the United States. Areas with a greater number of individuals that require and can afford surgery can sustain a greater number of hospitals and surgeons. This will in turn attract manufacturers, which will try to locate near their clients in order to build relationships with distributors and manage deliveries. Consequently, areas with high income levels, such as the West (24.3% of establishments) and New England (11.1%) regions, generate a disproportionate share of revenue relative to population, while the Southeast (14.8%) and Southwest (6.4%) regions punch below their weight.


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    Additional Insights for the Surgical Instrument Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Surgical Instrument 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 adults aged 65 and older and Trade-weighted index in the Surgical Instrument Manufacturing industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Surgical Instrument Manufacturing Industry?

    Companies in this industry manufacture specially designed tools or devices for performing specific actions during a surgery or operation.

    Industry Products
    General surgical instruments
    Specialty surgical instruments
    Electrosurgery instruments
    Instrument servicing
    Orthopedic instruments and implants
    Industry Activities
    Researching and developing surgical instruments
    Manufacturing surgical equipment
    Registering medical products
    Sourcing raw materials
    Developing relationships with distributors

    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 adults aged 65 and older
  • Trade-weighted index
  • Federal funding for Medicare and Medicaid
  • Number of people with private health insurance
  • World price of steel

  • Current Performance
  • Industry growth factors
  • Domestic trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Service opportunities
  • More surgeries
  • Table: Surgical Instrument Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Surgical Instrument Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Medical Supplies Wholesaling
  • Specialist Doctors
  • Hospitals
  • Specialty Hospitals
  • Natural Disaster & Emergency Relief Services

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Glass Product Manufacturing
  • Iron & Steel Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Rubber Product Manufacturing

  • Products & Services
  • General surgical instruments
  • Specialty surgical instruments
  • Orthopedic instruments and implants
  • Instrument servicing
  • Electrosurgery instruments
  • Chart: Surgical Instrument Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Hospitals and other treatment centers
  • Exports
  • Wholesalers
  • Government and research institutions
  • Chart: Major Market Segmentation for the Surgical Instrument Manufacturing Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Surgical Instrument Manufacturing Industry

  • Industry Globalization
    Major Companies
    Stryker CorporationJohnson & JohnsonMedtronic PLC
  • Table: Stryker Corporation - financial performance
  • Table: Johnson & Johnson - financial performance
  • Table: Medtronic PLC - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Surgical Instrument 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 Surgical Instrument 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 people with private health care (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    510(K) Clearance
  • The process by which Class II medical devices, such as electrically powered surgical instruments, are submitted to the US Federal Drug Administration for approval before sale.
  • Electrosurgery
  • The use of heat-generating electrical devices to burn or vaporize tissue in order to remove it and minimize and halt bleeding. An alternative to traditional open surgery.
  • Freestanding Ambulatory Center
  • A facility that is independent of a hospital where many medical procedures can be performed in an outpatient setting
  • Minimally Invasive Surgery (Mis)
  • A type of surgery that use small surgical cuts and holes, or no cuts at all. Patients treated with MIS often experience less trauma and have faster recoveries than those undergoing open surgeries.
  • Open Surgeries
  • The main form of surgical procedures in the United States, whereby a large incision allows surgeons to gain direct access to organs.
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    This report on Surgical Instrument 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 Surgical Instrument 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

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