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Medical Supplies and DevicesProduct Type: Market Research ReportPublished by: First Research, Inc. Published: September 2009 Product Code: R3470-3040 Description The US medical supplies and devices manufacturing industry includes about 12,000 companies with combined annual revenue of $78 billion. Major companies include Baxter, Boston Scientific, Johnson & Johnson, and Medtronic. The industry is concentrated: the 50 largest companies account for 60 percent of revenue. Medical supply and device manufacturers produce instruments, apparatus, and supplies used in the medical field. The industry doesn't include the manufacture of x-ray or electromedical equipment and devices, such as ultrasound equipment, pacemakers, and electrocardiographs. COMPETITIVE LANDSCAPE 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. PRODUCTS, OPERATIONS & TECHNOLOGY Major products include surgical and medical instruments such as syringes, hypodermic needles, and catheters (nearly 40 percent of industry revenue), and surgical appliances and supplies such as sutures, surgical dressings, and orthopedic devices (also about 40 percent). Other sources of revenue include lab equipment and furniture (centrifuges, scales, operating tables, hospital beds); ophthalmic goods (prescription glasses, contact lenses); and dental equipment and supplies. Syringes are typically produced in assembly lines. The basic stages include needle formulation, plastic component molding, piece assembly, packaging, labeling, and shipping. Needles are produced from molten steel drawn through a die. The steel is rolled ... Table of Contents
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