Medical Equipment & Supplies Manufacturing
Brief Excerpt from Industry Overview Chapter:
Companies in this industry manufacture medical equipment and supplies, including surgical and medical instruments, dental equipment, ophthalmic goods, and surgical appliances. Major companies include Baxter International, Boston Scientific, Johnson & Johnson, and Stryker (all based in the US), as well as B Braun (Germany), EssilorLuxottica (France), Smith & Nephew (UK), and Terumo (Japan).
As pressure to lower health care costs grows, companies are challenged to create more effective medical equipment while controlling price increases. Consolidation is widespread as larger companies look for economies of scale in manufacturing and R&D. Small companies can compete successfully by specializing in a particular market segment, or through technical innovation. The US industry is concentrated: the 50 largest companies account for about 60% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products include surgical appliances and supplies, accounting for about 30% of the industry's revenue. This is followed by orthopedic instruments (20%), medical apparatus and instruments (20%), medical catheters (10%), veterinary equipment (10%), and orthodontic appliances (10%).
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