Medical Device Manufacturing in Illinois - Industry Market Research Report

  • ID: 4578326
  • Report
  • Region: Illinois
  • 26 pages
  • IBISWorld
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Get well soon: Total health expenditure in Illinois is expected to rise, increasing demand for medical devices

FEATURED COMPANIES

  • Abbott Laboratories
  • Endotronix
  • GE Healthcare
  • Hill-Rom Holdings Inc.
  • MORE

Medical Device Manufacturing in Illinois

The Medical Device Manufacturing industry in Illinois is defined by the operations of two companies: Abbott Laboratories and General Electric Healthcare (GE). These two companies account for more than 80.0% of industry revenue, so when these companies perform well, so does the industry. Over the five years to 2017, total health expenditure in Illinois is expected to rise, increasing demand for medical devices throughout the state. Over the five years to 2022, industry revenue is expected to continue growing steadily. The trends that have driven growth for the majority of the past five years are projected to continue supporting industry revenue.

This industry includes manufacturers of electromedical and electrotherapeutic apparatuses, such as magnetic resonance imaging equipment, medical ultrasound equipment, pacemakers, hearing aids, electrocardiographs and electromedical endoscopic equipment. The industry also manufactures irradiation apparatuses and tubes for applications such as medical diagnostic, medical therapeutic, industrial, research, scientific evaluation and more.

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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FEATURED COMPANIES

  • Abbott Laboratories
  • Endotronix
  • GE Healthcare
  • Hill-Rom Holdings Inc.
  • MORE
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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  • GE Healthcare
  • Hill-Rom Holdings Inc.
  • Abbott Laboratories
  • Endotronix
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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