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

al 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.

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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
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