Medical Device Manufacturing in Illinois
The Medical Device Manufacturing industry in Illinois is defined by the operations of two companies: Abbott Laboratories and General Electric Healthcare (GE). These two companies account for more than 80.0% of industry revenue, so when these companies perform well, so does the industry. Over the five years to 2017, total health expenditure in Illinois is expected to rise, increasing demand for medical devices throughout the state. Over the five years to 2022, industry revenue is expected to continue growing steadily. The trends that have driven growth for the majority of the past five years are projected to continue supporting industry revenue.
This industry includes manufacturers of electromedical and electrotherapeutic apparatuses, such as magnetic resonance imaging equipment, medical ultrasound equipment, pacemakers, hearing aids, electrocardiographs and electromedical endoscopic equipment. The industry also manufactures irradiation apparatuses and tubes for applications such as medical diagnostic, medical therapeutic, industrial, research, scientific evaluation and more.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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