Medical Instrument & Supply Manufacturing in the US
Over the five years to 2016, revenue for the Medical Instrument and Supply Manufacturing industry grew modestly. As a result of healthcare reform, hospitals have increased demand for medical supplies; however, at the same time, hospital consolidation has also constrained demand for industry products. Changing demographics, healthcare reform and product innovation will shape the industry in coming years. The aging population is expected to have the most significant effect on demand for medical supplies and instruments, as their need for care drives increases in overall public and private health expenditure. In contrast, possible constraints to industry growth may come in the form of reduced hospital capital equipment spending amid tight credit market conditions, stressed government budgets and soft demand for elective medical procedures.
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.