Alpha Pro Tech - Competitors

Alpha Pro Tech Competition

Now Viewing Alpha Pro Tech's competition in: Medical Supplies and Devices (primary)

Recent Developments

New Medicare Program Lowers Medical Equipment Costs - Medicare recently announced lower costs for some durable medical supplies for nearly four million beneficiaries. The new program uses a competitive bidding process to establish preferred suppliers and set prices for some medical supplies, resulting in an average savings of 26 percent. Supplies covered by the new program include prosthetics, orthotics, and certain other durable medical supplies.

FDA Issues Medical Device Warning - The FDA has issued a warning to doctors and patients that certain medical devices such as pacemakers, insulin pumps, cochlear implants, and cardiac defibrillators may malfunction when patients receive a computed tomography (CT) scan. Device malfunctions resulting from CT scans can include electrical shocks and inaccurate signals from the device. However, the FDA reports only a few documented cases of device malfunctions resulting from CT scans, and no deaths.

Medical Equipment and Supply Imports, Exports Rise - US imports of medical equipment and supplies increased 16 percent in the first five months of 2008 compared to the same period in 2007. Exports increased from 14 of the top 15 countries that export medical equipment and supplies to the US. US medical equipment and supply exports increased 7.3 percent, rising about 25 percent to China and Australia. However, US exports to Ireland dropped more than 46 percent.

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. Annual revenue per employee is about $200,000.

Full Industry Overview For Medical Supplies and Devices

Medical Supplies and Devices Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US medical instruments and supplies is forecast to grow at an annual compounded rate of 6.8 percent between 2008 and 2013.

Medical Instruments, Supplies Growth Levels

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.