Clean sweep: Rising healthcare expenditure will prompt increased demand for industry services

The implementation of the Patient Protection and Affordable Care Act has increased demand for medical care in the United States, which has in turn bolstered demand for ultrasound devices used to clean surgical equipment and other medical instruments. Therefore, over the five years to 2016, the Ultrasonic Cleaning Equipment Manufacturing industry is anticipated to increase. Additionally, industrial production is growing, which supports industry demand. Over the next five years, exports are anticipated to pick up and the steadily aging population will stimulate demand for healthcare services, which will increase industry demand. As a result, industry revenue will steadily rise...purchase to read more.

Industry Statistics & Market Size
Revenue
$360m
Annual Growth 11-16
1.8%
Forecast Growth 16-21
Profit
Employment
931
Businesses
68
Market Share of Companies

Industry Threats & Opportunities

  • The steadily aging national population will lead to increased demand for industry products
  • As downstream industries increased their total level of production, industry demand also increased
  • The industry will benefit from positive trends in healthcare spending
  • Industry Report - Industry Investment Chapter

    The industry has a low level of capital intensity. For every dollar that is spent on labor, $0.10 is spent on capital expenditures. Ultrasonic cleaning equipment manufacturers produce a highly sensitive product that requires a high level of precision and technical skill, which requires highly educated and skilled engineers to design, plan and patent the manufacturing of industry products. However, the industry does also spend on depreciable equipment: once the design is complete, most manufacturing processes are conducted primarily by precision robotics...purchase to read more.

    Additional Insights for the Ultrasonic Cleaning Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Ultrasonic Cleaning Equipment 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 Total health expenditure and Number of physician visits in the Ultrasonic Cleaning Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Ultrasonic Cleaning Equipment Manufacturing Industry?

    This industry includes companies that domestically manufacture ultrasonic cleaners. An ultrasonic cleaner is a cleaning device that uses ultrasound and an appropriate cleaning solvent to clean delicate items. These items include medical and dental instruments, as well as a variety of devices utilized in the industrial sector.

    Industry Products
  • High capacity ultrasonic cleaners
  • Medium capacity ultrasonic cleaners
  • Low capacity ultrasonic cleaners
  • Industry Activities
  • Manufacturing high capacity ultrasonic cleaners
  • Manufacturing medium capacity ultrasonic cleaners
  • Manufacturing low capacity ultrasonic cleaners
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total health expenditure
  • Number of physician visits
  • Industrial production index
  • Demand from dentists
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Industry operations
  • Rising downstream demand
  • Global industry
  • Chart: Revenue Growth

  • Industry Outlook
    Demand and landscapeAn expanding trade gap
  • Table: Ultrasonic Cleaning Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Ultrasonic Cleaning Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Veterinary Services
  • Primary Care Doctors
  • Specialist Doctors
  • Dentists
  • Hospitals
  • Consumers

  • Key Selling Industries
  • Electrical Equipment Manufacturing
  • Hose & Belt Manufacturing
  • Plastic Pipe & Parts Manufacturing

  • Products & Services
  • High capacity ultrasonic cleaners
  • Medium capacity ultrasonic cleaners
  • Low capacity ultrasonic cleaners
  • Chart: Ultrasonic Cleaning Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other customers
  • Medical industries
  • Dental services
  • Veterinarian services
  • Exports
  • Ophthalmic services
  • Households
  • Chart: Major Market Segmentation for the Ultrasonic Cleaning Equipment Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Ultrasonic Cleaning Equipment Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Ultrasonic Cleaning Equipment Manufacturing Industry

  • Industry Globalization
    L&R Manufacturing Company, Blue Wave Ultrasonics Inc.,
  • Table: L&R Manufacturing Company - financial performance
  • Table: Blue Wave Ultrasonics Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Ultrasonic Cleaning Equipment 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 Ultrasonic Cleaning Equipment Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total health expenditure (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Agitation
  • The act of moving something vigorously; the shaking or stirring of something.
  • Frequency
  • The number of times that a periodic function or vibration repeats itself in a specified time.
  • Solution
  • A homogeneous mixture of two or more substances.
  • Ultrasonic
  • Pertaining to a frequency greater than 20,000 Hz, approximately the upper limit of human hearing.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Ultrasonic Cleaning Equipment Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Ultrasonic Cleaning Equipment Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Ultrasonic Cleaning Equipment 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 Ultrasonic Cleaning Equipment 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 Ultrasonic Cleaning Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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