Navigation Links
Floor-Grade Instruments Procurement Category Market Research Report from IBISWorld has Been Updated

Los Angeles, CA (PRWEB) July 12, 2014

Floor-grade instrument buyers have a buyer power score of 4.1 out of 5. This above-average score represents favorable conditions in the market that have been underpinning buyer negotiation power over the three years to 2014. According to IBISWorld procurement analyst Anna Son, “during the period, surging demand for healthcare services and supplies, along with rising costs associated with new product development, have placed upward pressure on the price of floor-grade instruments, which are largely considered nondiscretionary.” Meanwhile, fierce market competition has warranted strong price competition, preventing prices from spiking. Over the three years to 2017, floor-grade instrument prices are forecast to rise as the growing population of senior adults and the rising number of insured individuals drive demand. The rising price of steel, the major raw material in surgical instrument production, will also contribute to price growth.

On a more positive note for buyers, a plethora of suppliers and low switching costs help sustain their negotiation power. Despite the presence of a few prominent suppliers, such as Cardinal Health and Owens & Minor, the vast majority of the market consists of small and midsize firms that operate on a local or regional basis. While there are differences between various types of floor-grade instruments, buyers should not experience any difficulties in finding a supplier that can effectively meet their purchasing needs. “Moreover, there are no direct hidden costs associated with purchasing floor-grade instruments, making it easier for buyers to switch suppliers,” says Son.

However, increasing market share concentration and a medium risk of supply chain disruptions are disadvantageous for buyers. As large suppliers seek to gain economies of scale through mergers and acquisitions, they will gain greater pricing control in the market. Rising consolidation can undermine buyer power and diminish price competition by reducing the number of suppliers to choose from. Buyers should also be aware of the risk associated with fluctuations in raw material prices as well as any regulatory changes that can be reflected in the overall price of floor-grade instruments. The four largest vendors in the market are Cardinal Health, Owens & Minor, Johnson & Johnson, and Kimberly-Clark.

For more information, visit IBISWorld’s Floor-Grade Instruments procurement category market research report page.

Follow IBISWorld on Twitter:!/IBISWorld.
Like IBISWorld on Facebook:

IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of floor-grade instruments, including floor-grade forceps, floor-grade knives, floor-grade retractors and floor-grade scissors. Floor-grade medical instruments, which are often classified as single-use items, are made from inferior metals and have less stringent regulations for steel quality and manufacture than surgical-grade instruments. This report does not include surgical-grade instruments.

Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics

About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit or call 1-800-330-3772.

Read the full story at

Source: PRWeb
Copyright©2014 Vocus, Inc.
All rights reserved

Related medicine news :

1. Spectrum Surgical Releases Workstation-Mounted Surgical Instrument Inspection Magnifier for Inspecting Surgical Instruments
2. Blood Pressure Monitoring and Measurement Instruments Market - New Industry Research Report is Now Available for Pre Order at Transparency Market Research
3. Hearing Aid Device Expert of Upstate Hearing Instruments Provides 7 Key Tips to Encourage Hearing Aid Adoption within the Elderly Populations
4. Customers Can Buy General Hearing Instruments' Hearing Aids Online
5. Shimadzu Scientific Instruments donates record $7.5 million to UT Arlington
6. Specialty Equipment Repair Services from Spectrum Surgical Instruments Corp.
7. Da Vinci Robot Lawsuit News: Da Vinci Robot Surgery Complication Lawyers at Alonso Krangle LLP Comment On New Recall of Da Vinci Surgery System Instruments
8. Da Vinci Robot Lawsuit News: Bernstein Liebhard LLP Comments on Class II Recall for Da Vinci Robot Instruments
9. Da Vinci Robot Lawsuit News: Bernstein Liebhard LLP Notes New Da Vinci Robot Recall for Endowrist Instruments
10. Healthy Prospects: Antiseptics Procurement Research Report Now Available from IBISWorld
11. Medical Waste Disposal Services Procurement Research Report Now Available from IBISWorld
Post Your Comments:
(Date:6/27/2016)... Viejo, California (PRWEB) , ... June 27, 2016 , ... ... are fully customizable inside of Final Cut Pro X," said Christina Austin - CEO ... another unique style. Final Cut Pro X users can now reveal the ...
(Date:6/27/2016)... NY (PRWEB) , ... June 27, 2016 , ... ... using cutting edge technology to revolutionize the emergency ambulance transport experience for the ... are aware of how Uber has disrupted the taxi industry through the use ...
(Date:6/26/2016)... (PRWEB) , ... June 26, 2016 , ... On June ... sponsor of the 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, ... of the city’s history as home to some of the world’s leading providers of ...
(Date:6/26/2016)... ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer ... through a fitness app. The fitness app plans to fix the two major problems leading ... a one size fits all type program , They don’t eliminate all the ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery services, can ... Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey ... cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... June 24, 2016 ... announced the addition of the " Global Markets ... This report focuses ... an updated review, including its applications in various applications. ... market, which includes three main industries: pharmaceutical and biotechnology, ...
(Date:6/24/2016)... Research and Markets has announced the addition of the ... to their offering. ... World Market for Companion Diagnostics covers the world market for ... report includes the following: , World IVD ... (N. America, EU, ROW), 2015-2020 , World IVD Companion ...
(Date:6/23/2016)... HOUSTON , June 23, 2016  MedSource ... platform as its e-clinical software solution of choice.  ... the best possible value to their clients by ... nowEDC.  The preferred relationship establishes nowEDC as the ... pricing for MedSource,s full-service clients.  "nowEDC has long ...
Breaking Medicine Technology: