Medical Instrument & Supply Manufacturing in the US
The Medical Instrument and Supply Manufacturing industry is a mature, consolidating industry with relatively high profit margins; as a result, the industry was largely resilient during the recession, and IBISWorld expects its revenue to continue growing. In the coming years, favorable demographic and technological trends will continue to support product development and industry sales.
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.