United States Medical Devices Report

Providing expert analysis, independent forecasts and competitive intelligence on the medical devices industry.

Report includes: BMI Industry View, Industry SWOT Analysis, Industry Forecasts, Industry Risk Reward Index, Regulatory Development, Competitive Landscape and Regional and Country Industry Overviews.

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United States Medical Devices Report
Product Price
$1,295.00

BMI View : The US market , the world's largest, will see steady growth over the next five years, outstripping most other developed markets. D emand will be d riven by strong economic growth, favourable demographics , the rising prevale nce of chronic diseases , the previously uninsured population gaining access to healthcare services and the market's appetite for technologies that improve cost-effectiveness.

Projected Medical Device Market, 2014-2019
Total (USDmn) Per Capita (USD) Total (Local Currency mn) Per Capita (Local Currency) Exchange Rate (Local Currency/USD)
Source: BMI
2014 133,593.8 414.1 133,593.8 414.1 1.0
2015 140,143.9 431.0 140,143.9 431.0 1.0
2016 147,722.3 450.8 147,722.3 450.8 1.0
2017 155,884.4 472.0 155,884.4 472.0 1.0
2018 164,626.5 494.6 164,626.5 494.6 1.0
2019 173,346.8 516.8 173,346.8 516.8 1.0

Latest Updates And Key Forecasts

  • We maintain that the market will register moderate growth over the next five years and forecast a 2014-2019 CAGR of 5.3%, which will take the value to USD173.3bn in 2019. The market will remain the world's largest by a huge margin and growth will be one of the fastest amongst the developed nations.

  • Import performance will remain positive in 2016. US purchasing power has increased as a result of the US dollar's appreciation against the euro and the yen, giving an additional boost to imports. Imports have been rising since 2009, and totalled USD41.4bn in the 12 months to December 2015, a y-o-y increase of 4.5%.

  • Currency pressures will be less damaging in 2016, but we expect exports to be subdued with an absence of significant growth until 2017. Currency depreciation against the US dollar in the EU-28 and Japan, which receive over half of exports, is making the market environment very difficult for exporters. Exports remained almost static in the 12 months to December 2015, rising by just 0.2% to USD44.3bn.

  • In March 2016, the Senate HELP Committee voted to approve three medical technology-related bills that will help to ensure more timely patient access to the latest medical innovations and improve the efficiency of FDA's device review process.

BMI Industry View
7
Table: Projected Medical Device Market, 2014-2019
7
SWOT
8
Medical Device Market
8
Industry Forecast
11
Medical Device Market Forecast
11
Latest Updates
11
Structural Trends
11
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
13
Consumables Market Forecast
18
Latest Updates
18
Structural Trends
18
Bandages & Dressings
18
Suturing Materials
19
Syringes, Needles & Catheters
19
Other Consumables
19
Table: Consumables Market, 2009-2019 (USDmn)
20
Table: Consumables Market, 2010-2019 (USDmn % Change)
21
Diagnostic Imaging Market Forecast
23
Latest Updates
23
Structural Trends
23
Electrodiagnostic Apparatus
24
Radiation Apparatus
24
Imaging Parts & Accessories
24
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
25
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
26
Dental Products Market Forecast
28
Latest Updates
28
Structural Trends
28
Capital Equipment
28
Instruments & Supplies
29
Table: Dental Products Market, 2009-2019 (USDmn)
29
Table: Dental Products Market, 2010-2019 (USDmn % Change)
30
Orthopaedics & Prosthetics Market Forecast
32
Latest Updates
32
Structural Trends
32
Fixation Devices
32
Artificial Joints
33
Other Artificial Body Parts
33
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
33
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
34
Patient Aids Market Forecast
35
Latest Updates
35
Structural Trends
35
Portable Aids
35
Therapeutic Appliances
36
Table: Patient Aids Market
36
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
37
Other Medical Devices Market Forecast
39
Latest Updates
39
Structural Trends
39
Table: Other Medical Devices Market, 2009-2019 (USDmn)
40
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
41
Annual Medical Device Imports
43
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
46
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
48
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
49
Table: Detailed Medical Device Import Trends By Product Area, 2014
52
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
55
Monthly Medical Device Imports
58
Table: Monthly Medical Device Imports By Product Area, Year Ending September 2015 (USDmn)
58
Annual Medical Device Exports
59
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
62
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
64
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
65
Table: Detailed Medical Device Export Trends By Product Area, 2014
68
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
71
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
74
Monthly Medical Device Exports
78
Table: Monthly Medical Device Exports By Product Area, Year Ending September 2015 (USDmn)
78
Industry Risk/Reward Index
79
Table: Americas Medical Device Risk/Reward Index, Q116
80
Market Overview
81
Medical Device Market Overview
81
Table: Medical Device Market, Key Ratios, 2014
81
Table: Medical Device Market By Product Area, 2014
82
Healthcare Overview
83
Health Status
83
Healthcare System
83
Private Healthcare Providers
84
Table: Leading Private Hospital Groups, 2014
84
Healthcare Funding
85
Table: Largest Health Insurance/Managed Care Companies By Revenue, 2011-2014 (USDbn)
90
Healthcare Resources
90
Table: Diagnostic ImagingTechnology By Type, 2006-2014 (Units)
91
Healthcare Activity
92
Healthcare Personnel
92
Key Healthcare Data
93
Table: Key Healthcare Data, 2009-2015
93
Industry Trends & Developments
96
Regulatory Development
110
Medical Device Regulations
110
Competent Authority
110
Regulations
110
Medical Device Pricing & Reimbursement
125
Pricing
125
Reimbursement
126
Health Technology Assessment
127
Procurement
129
Competitive Landscape
131
Domestic Medical Device Production
131
Table: Summary Sector Trends, 1999-2007 (USDmn)
131
Table: Medical Equipment Production By Category, 2007 (USDmn)
132
Table: US Census Bureau NAICS Codes & Description
134
Table: Establishments & Employees By Industry Sector, 2012
135
National Medical Device Manufacturers
135
Multinational Market Activity
152
Table: Multinational Market Activity, 2015
152
Medical Device Market Access
156
Distribution
156
Trade Organisations
157
Trade Shows
158
Methodology
159
Forecast Methodology
159
Trade Code Classifications
160
Table: Rearranged HS Trade Codes
161
Risk/Reward Index Methodology
164
Table: Medical Devices Risk/Reward Index Indicators
165
Sources
167
Contact
168

The United States Medical Devices Report features market forecasts supported by trade, production and healthcare estimates by Espicom, a BMI Research's company. These forecasts and estimates focus on six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices.

Detailed product breakdown for market, trade and production data in United States provides industry professionals, strategists, company executives and analysts with independent forecasts and competitive intelligence on the United States Medical Devices industry.

Key Benefits

  • Benchmark BMI's Medical Devices market forecasts, which take into account macroeconomic and industry-specific forecasts for United States, to test analysis as it is a key input for budgeting and strategic business planning. Use our standardised data to gain a better understanding of market performance in United States.
  • Target Business Opportunities in the United States Medical Devices market by using our assessments and projections for demographic trends, regulatory developments, investment dynamics and domestic demand in United States.
  • Assess the activities and market position of your competitors via our assessments of domestic production, national and multinational manufacturers, along with the trade and distribution outlets of multinationals, key company developments and future growth prospects.

Coverage

BMI Industry View

Provides industry, political and economic views. Briefly analyses the medical devices market, taking into account the latest industry forecasts, healthcare indicators and industry trends & developments.

SWOT

SWOT analyses of the medical devices market, the political environment, the economic landscape and the business environment.

Industry Forecasts

Evaluates and analyses the medical devices market in terms of historical and forecast trends, covering six product areas: Consumables, Diagnostic Imaging, Dental Products, Orthopaedics & Prosthetics, Patient Aids and Other Medical Devices. Additionally, presents annual and monthly import and export trade data.

Macroeconomic Forecasts

Presents macroeconomic forecasts impacting the medical devices market.

Industry Risk Reward Index

Risk Reward Indices tool, which provides a globally comparative and numerically based assessment of the medical devices market’s attractiveness.

Market Overview

Assesses the medical devices market in the current year. Additionally, covers healthcare trends shaping the market, focusing on health status, healthcare system, healthcare funding, healthcare resources, healthcare activity and healthcare personnel. Includes historical healthcare data.

Industry Trends & Developments

Analyses the latest industry trends and developments shaping the market, in terms of monthly trade performance, forecast trends, production changes, regulatory developments, competitive strategies, political events and economic performance.

Regulatory developments

A focus on government healthcare reforms, epidemiological trends, mergers and acquisitions, product launches, market entries, FDI activity, R&D, biotechnology, clinical trials and supply chain issues.

Competitive Landscape

Values historical medical devices production, and analyses the presence of national and multinational manufacturers operating in the market. Also, compares the presence of leading multinational company operations, either via sales & marketing, distribution or manufacture. Finally, takes into account market access drivers, including major distribution channels, trade associations and trade shows.

Methodology

Carefully explains the medical devices market methodology, trade classifications, Risk Reward Index methodology and sources used in the medical devices market Report.