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        Medical Equipment & Supplies Manufacturing Industry Profile

        Report Page Length: 10-12
        Last Quarterly Update: 10/4/2021
        SIC Codes: 2599, 3821, 3841, 3842, 3843
        NAICS Codes: 3391
        Chapters Include:
        Industry Overview Trends & Challenges Industry Forecast
        Quarterly Industry Update Call Prep Questions Website & Media Links
        Business Challenges Financial Information Glossary & Acronyms
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        Excerpt from Medical Equipment & Supplies Manufacturing Industry Profile

        Companies in this industry manufacture medical equipment and supplies, including surgical and medical instruments, dental equipment, ophthalmic goods, 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), EssilorLuxottica (France), Smith & Nephew (UK), and Terumo (Japan).

        Global revenue for medical equipment market is forecast to reach about $670 billion in 2025 at 7% compound annual growth rate (CAGR), according to The Business Research Company. Major markets include the US, Europe, China, India, and Japan.

        The US medical equipment and supplies manufacturing industry includes more than 10,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $90 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.

        COMPETITIVE LANDSCAPE

        As pressure to lower health care costs grows, companies are challenged to create more effective medical equipment while controlling price increases. Consolidation is widespread as larger companies look for 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 40% of the US market; exports represent ...

         
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