Medical Instrument & Supply Manufacturing in the US - Industry Market Research Report

Medical Instrument & Supply Manufacturing in the US

Despite the presence of large international companies, the Medical Instrument and Supply Manufacturing industry has a low level of market share concentration. The industry's four largest companies (Johnson & Johnson; Stryker Corporation; Becton, Dickinson and Company; and Baxter International Inc.) are estimated to have a combined market share of only 20.7% in 2018.

Large companies favor diversification

• The large companies that operate in this industry are typically highly diversified international companies that specialize in a large number of products. For example, Johnson & Johnson manufacturers pharmaceuticals, medical devices, medical instruments and consumer health products. As a result, these companies are not focused on growing their market share within any one particular industry.

Small companies are targets for acquisitions

• Acquisitions play an important role for the companies in this industry. However, rather than favoring large mergers and acquisitions that influence day-to-day operations, these companies pursue small companies with only a few industry-relevant products. These acquisitions are often completed so large companies can purchase patents for new products

Contracts create price-based competition

• Companies in this industry compete based on both price and quality of products. The industry often supplies products to wholesalers and group purchasing organizations on a contract basis, so price-based competition plays an important role in securing bids. Meanwhile, quality is crucial for any company that produces medical products.

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.

Industry Definition
Main Activities
Similar Industries
Additional Resources


Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization


Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Industry Data
Annual Change
Key Ratios


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