Medical Device Manufacturing in the US
Technological advances, the legislative expansion of healthcare access and the improving economy have stimulated demand for medical devices overthe past five years, and the aging US population has further contributed to revenue growth, due to the high incidence of health issues requiring medical devices among the elderly. IBISWorld expects industry revenue to grow over the five years to 2017. Over the five years to 2022, this growth is expected to continue, with revenue increasing at a slightly faster rate. The aging baby-boomer population and technological developments will continue to bolster industry growth, but the changing regulatory environment will likely hamper profitability.
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.