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

  • ID: 452484
  • Report
  • February 2020
  • Region: United States
  • 40 pages
  • IBISWorld
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Fine tuning: As healthcare reform expands healthcare coverage, industry demand will increase

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, anaesthesia 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.

Note: Product cover images may vary from those shown
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ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • Johnson & Johnson
  • Stryker Corporation
Note: Product cover images may vary from those shown
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