Medical Equipment & Supplies Manufacturing Industry Overview
Excerpt from Medical Equipment & Supplies Manufacturing Report
Companies in this industry manufacture medical equipment and supplies, including surgical and medical instruments, dental equipment, 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), Essilor (France), Smith & Nephew (UK), and Terumo (Japan).
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.
Products, Operations & Technology
Major products include surgical and medical instruments such as syringes, surgical clamps, and stethoscopes (about 45% of industry revenue) and surgical appliances and supplies such as surgical dressings, orthopedic devices, and hospital furniture (about 40%). Other sources of revenue include ophthalmic goods (prescription glasses, contact lenses) and dental equipment and supplies (autoclaves, drills, and dentures).