Medical Equipment Manufacturers – Industry Analysis, Statistics, Trends, and Forecasts

SIC 384 | NAICS 3391 & 334510

The following guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Statements and Financial Ratios

Compensation and Salary Surveys

BV Guides and Databases

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Medical Instrument & Supplies Manufacturing (view report)
Medical Device Manufacturing (view report)

Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

Market size and major product and service segments
Key industry statistics, trends, and financial ratios
Operating conditions and current performance
Competitive landscape and environment
Major company profiles and market shares
Five-year outlook and growth forecasts

Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

UBM Canon LLC
MD+DI Magazine
http://www.mddionline.com/

Monthly trade journal features news and information for original equipment manufacturers of medical device and in vitro diagnostic products, with special features including the "MedTech Salary Survey"
(August issue) that provides job satisfaction and salary information for six job categories by gender, years in the industry, number of employees supervised, and company size based on sales volume.

Freedonia Group
Research reports available from this organization include:

Medical Imaging Products
https://www.freedoniagroup.com/
Comprehensive research report analyzes U.S. demand for this product sector at the manufacturers' level, with information provided including historical demand and forecasts by product (e.g., magnetic resonance imaging (MRI), X-ray, ultrasound, computed tomography (CT), nuclear medicine, dental imaging, contrast agents, and radiopharmaceuticals) and market sector (e.g., hospitals, outpatient).

Disposable Medical Supplies
https://www.freedoniagroup.com/
Comprehensive research report analyzes U.S. demand for this product sector at the manufacturers' level, with information provided including historical demand and forecasts by product (e.g., infection prevention, drug delivery, wound management, diagnostic and laboratory, surgical, and nonwoven) and market segment (e.g., hospitals, outpatient centers, physicians, nursing homes, and dentists).

BizMiner Market Analysis Reports
Medical Equipment and Supplies Manufacturers
https://www.bizminer.com Search for "3391" and "334510" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

More industry research reports»

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Medical Equipment and Supplies Manufacturers
https://www.bizminer.com Search for "3391" and "334510" to see available reports

Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:

Income and expenses in dollars and percentages
Balance sheets in dollars and percentages
Profitability and return on investment ratios
Liquidity and working capital ratios
Asset turnover and efficiency ratios
Capital structure and debt service ratios

Sample financial ratio analysis can be viewed free online.

IBISWorld Industry Research Reports
Medical Devices, Instruments, and Supplies Manufacturing
(see links for individual reports)

Key statistics section of these reports provides detailed income statements and balance sheets on a common-size basis and an array of industry financial ratios, with the financial ratio data presented on an annual basis for the four most recent years for which data is available and on a historical average basis over three-year, five-year, and ten-year time periods. Sample report can be viewed free online.

More financial benchmarking data»

Compensation and Salary Surveys

MD+DI
MedTech Salary Survey
http://www.mddionline.com/ Select "Salary Survey" from "Resources" drop-down menu

MedTech salary survey provides breakdowns by gender, years in the industry, number of employees supervised, and company size based on annual sales volume for six job categories, with categories covered in the survey including corporate management, research and development, product design engineering, product manufacturing, quality assurance and control, and regulatory and legal affairs.

U.S. Bureau of Labor Statistics
Medical Equipment & Supplies Manufacturing
https://www.bls.gov/oes/

Annual wage survey provides hourly and annual wage data for personnel employed in this sector on a national, state, and metro area basis, with products manufactured by firms in this sector including instruments, such as clamps, catheters, needles, syringes, and thermometers, and appliances and supplies such as orthopedic devices, prosthetics, surgical implants, garments, sutures, and gloves.

PayScale, Inc.
Medical Device, Equipment, and Supplies Manufacturing
https://www.payscale.com/

Free online service provides salary, bonus, and hourly wage data for job positions in this sector such as manufacturing engineer, quality engineer, production supervisor, and quality assurance technician, with employers for which compensation data is provided including Becton Dickinson and Co., Stryker Corp., Medtronic, Inc., Johnson & Johnson, Inc., Boston Scientific Corp., and Medline Industries, Inc.

More compensation surveys»

BV Guides and Databases

BVMarketData

Private Company Sales Transaction Databases
https://www.bvresources.com/

Free "Visitor Search" allows users to search the DealStats, BIZCOMPS, and FactSet/BVR databases for private company sales transaction data by SIC or NAICS Code using the following codes:

– SIC Code Group 384: Surgical, Medical, And Dental Instruments And Supplies Manufacturing

– NAICS Codes 3391 and 334510 - Medical Equipment and Supplies Manufacturing

Types of establishments included in these codes

Surgical and medical instrument manufacturers - establishments that manufacture medical instruments, such as scalpels, forceps, scissors, endoscopes, stethoscopes, and blood pressure monitors, that are used in surgical procedures and medical treatments.

Medical device production - establishments engaged in the production of medical devices, such as artificial heart valves, cochlear implants, pacemakers, prosthetic limbs, insulin pumps, and stents, that are designed to affect the structure or functions of the body.

Diagnostic imaging equipment producers - establishments specializing in the production of diagnostic imaging equipment, such as X-ray and ultrasound machines and CAT, PET, and MRI scanners, that are used to visualize and diagnose various medical conditions.

Orthopedic device manufacturing - establishments primarily involved in the manufacture of orthopedic devices, such as artificial joints, spinal implants, and bone screws, which are used to prevent, correct, or support musculoskeletal disorders, injuries, or deformities.

Laboratory equipment production - establishments that produce lab equipment, such as microscopes, centrifuges, and spectrometers, that are used to perform tests, analyze medical specimens, monitor treatment progress, and research new treatments.

Rehabilitation equipment and supplies producers - establishments that focus on producing equipment and supplies, such as prosthetic devices, wheelchairs, and walkers, used to assist individuals with disabilities or injuries to improve mobility and independence.

Medical and surgical supply manufacturing - establishments that manufacture medical and surgical supplies, such as bandages, gowns, gloves, face masks, respirators, syringes, and needles, which are used in performing medical procedures and treatments.

Healthcare furniture manufacturers - establishments that focus on manufacturing medical and hospital furniture, such as hospital beds, exam tables, and chairs, that are used in healthcare facilities such as hospitals, clinics, nursing homes, and medical offices.

Sample reports with detailed sales transaction data and valuation multiples are available free online.

Mercer Capital Management, Inc.
Value Focus: Medical Device Industry
http://mercercapital.com/

Quarterly newsletter provides information on valuation and transaction trends for this industry, with topics covered in each issue including stock market performance, venture capital funding and exit activity, transactions, selected operating metrics, and public companies, and categories covered including large diversified, in vitro diagnostic, cardiovascular, and ortho, implants, and prosthetics.

More valuation data»

Related Industries:
Ambulatory Surgery Centers
Diagnostic Imaging Centers
Hospitals and Health Systems
Medical Supplies Distributors

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