SEARCH   
MEMBER LOGIN    
Forgot Password?

Medical Device Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical Device Manufacturing Market Research Report | NAICS 33451b | Jan 2017

Healthy growth: Healthcare reform boosts patient base, but regulations may threaten profit

IBISWorld’s Medical Device Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$43bn
Annual Growth 12-17
1.0%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
94,106
Businesses
993
Industry Threats & Opportunities
  • Technological advances, expansion of healthcare and the improving economy have stimulated demand
  • Industry operators often have the weak hand in price negotiations
  • Recent healthcare legislation has created a degree of uncertainty for medical device companies
  • ... purchase to read more

Industry Analysis & Industry Trends

Technological advances, the legislative expansion of healthcare access and the improving economy have stimulated demand for medical devices in the past five years, and the aging US population has further contributed to revenue growth, due to the high incidence of health issues requiring medical devices within the elderly population. IBISWorld expects industry revenue to grow over the five years to 2016. In the five years to 2021, industry growth is expected to continue, with revenue increasing at a slightly faster rate. The aging baby boomer population and technological developments will continue to bolster industry growth, but the changing regulatory environment will likely hamper profitability... ... purchase to read more

Industry Report - Industry Locations Chapter

Medical device manufacturers are located throughout the country, but are mainly concentrated in certain states known for other high-technology industries, including microelectronics and biotechnology. Other factors affecting geographic distribution include proximity to complementary industries, location of customers, location of suppliers, the traditional development of various industry segments and the location and accessibility of high-skilled labor.

West

The Medical Device Manufacturing industry is concentrated in the West. This region accounts for 25.7% of industry establishments and more than one quarter of total revenue. Within this region, much industry activity is located in California; the state is home to 20.5% of the industry's total establishments. Num.. ... purchase to read more

Additional Insights for the Medical Device Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Device Manufacturing 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 the Medical Device Manufacturing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Medical Device Manufacturing 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
    Neuromodulation and spinal devicesCardiovascular devicesDiabetes devicesOther devicesIrradiation devicesPatient recovery and noninvasive devices
     
    Industry Activities
    Fabricating medical diagnostic and therapeutic apparatusResearching and developmentMarketing 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
  • Total health expenditure
  • Federal funding for Medicare and Medicaid
  • Trade-weighted index
  • Current Performance
  • Aging population
  • Regulation and profit
  • Consolidation and globalization
  • Chart: Revenue Growth
  • Industry Outlook
  • Effects of legislation
  • Regulation and consolidation
  • Downstream pressures
  • Table: Medical Device Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Device Manufacturing 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 devices
  • Irradiation devices
  • Neuromodulation and spinal devices
  • Patient recovery and noninvasive devices
  • Diabetes devices
  • Chart: Medical Device Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Hospitals
  • Distributors
  • Exports
  • Specialists and alternate-care providers
  • Chart: Major Market Segmentation for the Medical Device Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Medical Device Manufacturing
  • Basis of Competition
  • Quality and innovation
  • Meeting customer needs
  • Industry loyalty, not brand loyalty
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Device Manufacturing Industry
  • Industry Globalization
    Major Companies
    Medtronic PLC
    General Electric Company
    Abbott Laboratories
    Johnson & Johnson
  • Table: Medtronic PLC - financial performance
  • Table: General Electric Company - financial performance
  • Table: Abbott Laboratories - financial performance
  • Table: Johnson & Johnson - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Device 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 Device Manufacturing Industry
  • Includes:
  • 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
    3D Bioprinting
  • A process of generating items from biological material, wherein cell function and viability are preserved within the printed item.
  • 510(K)
  • A 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.

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

    View Sample
    Quote
    Select Clients
    Back to Top