Surgical Instrument Manufacturing
The Patient Protection and Affordable Care Act (PPACA) has given millions of Americans new access to healthcare services, including surgeries. In addition, the improving labor market has increased the number of Americans with employee-sponsored private health insurance and driven an increase in out-of-pocket spending on elective surgery. However, immediately following the implementation of the PPACA, many hospitals cut costs in the face of fluctuating Medicare and Medicaid reimbursement rates, causing the industry to stumble. As hospitals adjusted to the regulations brought on by the PPACA, the industry began to recover. Industry revenue is projected to grow over the next five years as an increase in the number of surgeries due to aging baby boomers and the obesity epidemic will continue to boost industry sales. However, stagnation in the number of individuals with private health insurance will likely contribute to muted growth over the next five years.
Companies in this industry manufacture specially designed tools or devices for performing specific actions during a surgery or operation.
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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