Navigation Links
Medical Instrument and Supply Manufacturing the US Industry Market Research Report from IBISWorld Has Been Updated
Date:11/23/2013

Los Angeles, CA (PRWEB) November 23, 2013

The $91.7-billion Medical Instrument and Supply Manufacturing industry is a mature, consolidating industry with relatively high profit margins; as such, the industry was largely resilient during the recession, and IBISWorld expects its revenue to continue growing in coming years. Revenue is expected to rise 2.4% in 2013, in line with average annual growth of 1.5% over the five years to 2013. Increased public and private health spending, continued technological innovation and new product introductions have contributed to growing demand for medical instruments and supplies, and the industry has benefited from favorable demographic trends as well.

According to IBISWorld Industry Analyst Jocelyn Phillips, “The aging population requires more healthcare procedures, which necessitate medical instruments and supplies, and rising obesity and diabetes rates have boosted the need for devices that address these issues.” Moreover, the burgeoning home healthcare market has provided opportunities for new product development in the Medical Instrument and Supply Manufacturing industry.

The four largest companies have expanded during the past five years, and their market share will likely continue to grow through 2018. This growth is due in part to consolidation, as industry conglomerates acquired many small firms during the recession despite rising revenue. As a result, since 2008, the number of industry companies has declined 1.4% per year on average to 15,508. Consolidation has helped the industry sustain average profit margins of 10.7% of revenue, with larger companies able to achieve margins closer to 20.0% through their ability to control pricing.

“Favorable demographic and technological trends will continue to support product development and industry sales,” says Phillips. In the five years to 2018, IBISWorld expects industry revenue to grow. Healthcare reform will further drive demand for industry products, as an estimated 32.0 million Americans will gain access to health insurance coverage, boosting physician visits and the use of medical supplies. However, the newly enacted excise tax on the sale of medical devices will likely cut into operators' margins.

Although the long-term effect of the tax remains unclear, many companies are already preparing for additional costs by reducing jobs, slashing budgets and delaying expansion plans. At the same time, innovation and product development will introduce new products to market, buoying industry revenue in the coming years.

For more information, visit IBISWorld’s Medical Instrument and Supply Manufacturing industry in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

The Medical Instrument and Supply Manufacturing industry primarily researches, develops and produces non-electronic medical, surgical, ophthalmic 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, laboratory instruments, X-ray apparatus, nonmedical thermometers or ophthalmic goods (such as contact lenses and eyeglasses).

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Read the full story at http://www.prweb.com/releases/2013/11/prweb11363709.htm.


'/>"/>
Source: PRWeb
Copyright©2012 Vocus, Inc.
All rights reserved

Related medicine news :

1. GranuFlo Lawsuit News: Bernstein Liebhard LLP Notes Issuance of New Order in Federal Dialysis Lawsuits Against Fresenius Medical Care
2. CHI and PwC US Release 2014 California Biomedical Industry Report
3. New materials with potential biomedical applications
4. Cardiologists and Cardiac Surgeons Perform First Trans-catheter Aortic Valve Replacement at Loma Linda University Medical Center
5. The P.A.S.T. Retired Players Medical Group Concussion Treatment Program Successful For Former NFL Players
6. Medical BYOD Security Audits Are Made Easier With AlertBoot's Latest Upgrade
7. Abington Memorial Hospital to Become Regional Medical Campus for Drexel University College of Medicine
8. Harvard Medical School is Presenting “Neutrophil Chemotaxis Assay from One Drop of Blood” at Sample Prep East in Cambridge, MA, December 9-10, 2013
9. Involving patients in their nurses shift change reduces medical errors and satisfies patients
10. Edison Nation Medical Secures Licensing Agreement with Medline Industries, Inc. for New Hospital Isolation Gown Invented by Nurse to Address Hospital Infections
11. Modern Medical’s Opioid Defense Manager Sees Measureable Results in Just 12 Months.
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/27/2017)... ... March 27, 2017 , ... Mt. Angel Vitamins, ... a months-long rebranding effort. This includes the introduction of new packaging and messaging, ... market research, we learned that a simple, proactive approach to wellness is important ...
(Date:3/27/2017)... ... March 27, 2017 , ... From 1999 ... alone responsible for over 33,000 of the 52,404 drug-related deaths in 2015.(2) To ... 1512, which proposes a tax on prescription opioids to fund drug rehabilitation and ...
(Date:3/26/2017)... , ... March 26, 2017 , ... ... to receive the RealSelf 100 Award, a prestigious award honoring the top influencers ... and to find and connect with doctors and clinics. , In 2016, more ...
(Date:3/24/2017)... ... 2017 , ... Clean Earth, Inc., a leader in providing ... materials announced today the acquisition of privately owned AERC Recycling Solutions ... facilities and a vast array of additional technologies, services, and new markets to ...
(Date:3/24/2017)... NY (PRWEB) , ... March 24, 2017 , ... ... scale; from third world countries to hospitals in the United States, it’s a ... conversation on the current obstacles facing infection prevention and offers strategies for the ...
Breaking Medicine News(10 mins):
(Date:3/27/2017)... 27, 2017  Sanderling Ventures, portfolio company, Torax ... division of Johnson & Johnson. Torax manufactures and markets ... of gastro-esophageal reflux disease (GERD). The LINK device ... and the procedure is currently available in the ... Medical was founded by Sanderling Ventures, Mayo Medical ...
(Date:3/27/2017)... 27, 2017 BioLineRx Ltd. (NASDAQ/TASE: BLRX), ... today that AGI-134, an immunotherapy for the treatment of multiple ... will be featured at the upcoming American Association for ... DC to be held on April 1-5, 2017. ... An ...
(Date:3/27/2017)... 2017 The global clinical ... billion by 2025, according to a new study by ... diseases is anticipated to be responsible for the high ... the scope for growth during the forecast period. In ... is highly susceptible to chronic diseases, is presumed to ...
Breaking Medicine Technology: