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In the US, the Manufacture of
Medical Devices and Supplies Includes 12,000 Companies with Combined Annual
Revenue of about $50 Billion
Research and Markets (
http://www.researchandmarkets.com/ reports/c34699) has announced the
addition of Medical Supplies and Devices - Industry Profile to their offering.
In the US, the manufacture of
medical devices and supplies includes 12,000 companies with combined annual
revenue of about $50 billion. Large manufacturers include Johnson & Johnson,
Baxter, Medtronic, and Boston Scientific. The industry is generally fragmented,
with the largest 50 companies holding less than 60 percent of the market, but
concentration can be high within industry segments.
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 research and
development (R&D). Small companies can compete successfully by specializing in a
particular market segment, or through technical innovation. Annual revenue per
employee is about $200,000.
Major product segments are
general medical supplies; surgical instruments; therapeutic devices such as
stents, artificial joints, and pacemakers; and diagnostic equipment. Low-cost
manufacturing efficiency is the main concern of companies that make
low-technology products like latex gloves, tape, gauze sponges, and syringes.
Technological innovation is the main feature of companies that produce
diagnostic and therapeutic devices and instruments, derived from the explosive
development of medical knowledge and treatment during the last decade.
The industry reflects the highly
specialized medical treatments recently made available. Most medical device
manufacturers specialize in one area of medicine and sometimes in just one type
of treatment. EP Medsystems, for example, makes only devices that treat atrial
fibrillation.
These easy-to-use, quarterly
industry profiles provide you with the industry analysis you need to better
understand any particular business. They synthesize information from hundreds of
sources into an easy to digest format, giving you invaluable information about
your target market, highlighting critical industry statistics and issues,
changes that have taken place since the last quarterly update and key concerns
that can have negative or positive impacts on investments. Utilizing the
financial and forecasting data while simultaneously learning from educational
business overviews can help you and your customers plan more effectively and
invest wisely.
These industry reports will
educate your sales team on critical industry trends in target markets,
empowering them to create more strategic proposals. These industry reports are
also essential for professional organizations that want make savvy, educated
business decisions.
Key topics covered:
For more information visit
http://www.researchandmarkets.com/ reports/c34699
CONTACT:
Research and Markets Laura Wood
Fax: +353 1 4100 980
press@researchandmarkets.com
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