|Last Quarterly Update:||9/5/2016|
|SIC Codes:||2599, 3821, 3841, 3842, 3843|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry manufacture medical equipment and supplies, including surgical and medical instruments, dental equipment, and surgical appliances. Major companies include Baxter International, Boston Scientific, Johnson & Johnson, and Stryker (all based in the US), as well as B Braun (Germany), Essilor (France), Smith & Nephew (UK), and Terumo (Japan).
Global revenue for makers of medical equipment and supplies is about $350 billion. Major markets include the US, Japan, Germany, France, Italy, the UK, and China.
The US medical equipment and supplies manufacturing industry includes about 11,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $95 billion.
The industry does not include manufacturing of x-ray or electromedical equipment and devices, such as ultrasound equipment, pacemakers, and electrocardiographs, which is covered in a separate industry profile.
Demand is driven by population demographics and advances in medical knowledge and technology. The profitability of individual companies depends on the ability to develop superior products. Large companies have economies of scale in manufacturing and R&D. Small companies can compete successfully by specializing in a particular market segment, or through technical innovation. The US industry is concentrated: the 50 largest companies account for about 60% of revenue.
Imports of medical equipment and supplies account for about 35% of the US market; exports represent about 35% of US production. Leading sources of imports include Mexico, China, and Ireland. The ...
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