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Medical Instrument & Supply Manufacturing in the US: Market Research Report

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

Medical Instrument & Supply Manufacturing Market Research Report | NAICS 33911a | Jan 2017

Healthy environment: Favorable demographic and technological trends will support industry sales

IBISWorld’s Medical Instrument & Supply Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$91bn
Annual Growth 11-16
0.8%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
266,470
Businesses
17,560
Industry Threats & Opportunities
  • Strengthened demand from healthcare providers has supported industry revenue growth
  • The industry has contended with group purchasing organizations, limiting profitability
  • Stressed government budgets and soft demand for elective procedures may constrain growth
  • ... purchase to read more

Industry Analysis & Industry Trends

Over the five years to 2016, revenue for the Medical Instrument and Supply Manufacturing industry grew modestly. As a result of healthcare reform, hospitals have increased demand for medical supplies; however, at the same time, hospital consolidation has also constrained demand for industry products. Changing demographics, healthcare reform and product innovation will shape the industry in coming years. The aging population is expected to have the most significant effect on demand for medical supplies and instruments, as their need for care drives increases in overall public and private health expenditure... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

While the Medical Instrument and Supply Manufacturing industry has many large operators, small and medium businesses (SMBs) have traditionally dominated the market. IBISWorld estimates that in 2016 the industry's four largest players will hold a combined market share of 19.5% of total industry revenue, which indicates a low level of industry concentration. This market share is increasing as these large operators acquire smaller companies for their lucrative product design patents. Small companies are encouraged to join larger companies to gain access to significant distribution networks and research and development budgets. As the industry consolidates, price competition within the industry decreases and profit margins tend to grow.

.. ... purchase to read more

Additional Insights for the Medical Instrument & Supply Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Medical Instrument & Supply 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 physician visits and Number of adults aged 65 and older in the Medical Instrument & Supply Manufacturing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Medical Instrument & Supply Manufacturing Industry?

    This industry primarily researches, develops and produces nonelectronic medical, surgical, dental and veterinary instruments and apparatus, such as syringes, anesthesia apparatus, blood transfusion equipment, catheters, surgical clamps and medical thermometers. The industry does not manufacture electromedical and electrotherapeutic apparatus, X-ray apparatus, nonmedical thermometers or ophthalmic goods (such as contact lenses and eyeglasses).

    Industry Products
    Surgical appliances Other instruments and suppliesSurgical instrumentsDental instruments and supplies Dental laboratories Hospital beds and other specialized hospital furniturePersonal safety equipment
     
    Industry Activities
    Designing, developing and medical and surgical instruments and suppliesDesigning, developing and dental instruments and suppliesDesigning, developing and veterinary instruments and supplies


    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
  • Research and development expenditure
  • Number of people with private health insurance
  • Trade-weighted index
  • Current Performance
  • Demographics and spending
  • Consolidation and profitability
  • Effects of healthcare reform
  • Chart: Revenue Growth
  • Industry Outlook
  • Domestic demographics and emerging markets
  • Innovation, consolidation and profitability
  • Table: Medical Instrument & Supply Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Medical Instrument & Supply Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Medical Supplies Wholesaling
  • Veterinary Services
  • Primary Care Doctors
  • Specialist Doctors
  • Dentists
  • Hospitals
  • Natural Disaster & Emergency Relief Services
  • Key Selling Industries
  • Cotton Farming
  • Glass Product Manufacturing
  • Hose & Belt Manufacturing
  • Plastic Pipe & Parts Manufacturing
  • Rubber Product Manufacturing
  • Products & Services
  • Surgical instruments
  • Surgical appliances
  • Dental instruments and supplies
  • Dental laboratories
  • Other instruments and supplies
  • Personal safety equipment
  • Hospital beds and other specialized hospital furniture
  • Chart: Medical Instrument & Supply Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Hospitals
  • Distributors
  • Exports
  • Third-party healthcare providers
  • Chart: Major Market Segmentation for the Medical Instrument & Supply Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Medical Instrument & Supply Manufacturing
  • Basis of Competition
  • Level of competition
  • Basis of competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Medical Instrument & Supply Manufacturing Industry
  • Industry Globalization
    Major Companies
    Johnson & Johnson
    Stryker Corporation
  • Table: Johnson & Johnson - financial performance
  • Table: Stryker Corporation - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Medical Instrument & Supply 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 Instrument & Supply 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)
  • Number of physician visits (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    510(K) Premarket Notifications
  • A premarket submission made to the FDA to demonstrate that the device to be marketed is at least as safe and effective to a legally marketed device that is not subject to PMA.
  • Clinical Research
  • The study of a device in human subjects with the intent to discover potential beneficial effects or determine its safety and efficacy.
  • Wholesale Bypass
  • A popular trend within retail and manufacturing industries where producers supply goods directly to stores, eliminating the middleman.

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

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