Medical Instrument & Supply Manufacturing in the US
The Medical Instrument and Supply Manufacturing industry has struggled over the five years to 2018 as a result of declines throughout the manufacturing sector. Immediately following the recession, manufacturing industries benefited from inflated demand created by the improving economy. Profit is expected to rise in 2018, however new regulations have made industry profit margins volatile. Over the five years to 2023, IBISWorld expects industry revenue to grow. In particular, as healthcare reform expands healthcare coverage, some traditionally underserved demographics will gain access to care.
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.