Medical Instrument & Supply Manufacturing in Illinois
The Medical Instrument and Supply Manufacturing industry in Illinois, a state which houses activity from industry players such as Abbot Laboratories, has experienced a decline in revenue over the past five years, in line with general industry trends, and has been affected by the appreciating United States dollar and competition from imports. Nonetheless, the industry has benefited from Illinois' aging population and the growing number of people with private health insurance, both of which have increased over the period. These increases are projected to continue through to 2022, and, in conjunction with growth in research and development expenditure and continued mergers and acquisitions, are expected to cause revenue to experience growth over the next five years.
This industry primarily researches, develops and produces nonelectronic medical, surgical, dental 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, X-ray apparatus, nonmedical thermometers or ophthalmic goods (such as contact lenses and eyeglasses).
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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