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 USD41.7bn in the 12 months to March 2016, a y-o-y increase of 3.2%.

  • 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 difficult for exporters. Exports registered a 1.8% y-o-y increase in Q116 and a 0.7% rise to USD44.4bn in the 12 months to March 2016.

  • The Comprehensive Care for Joint Replacement (CJR) Model went into effect on April 1 2016, aiming to support better and more efficient care for beneficiaries undergoing the most common inpatient surgeries for Medicare beneficiaries: hip and knee replacements. The model tests bundled payment and quality measurement for an episode of care associated with hip and knee replacements. We believe the CJR model will affect joint replacement manufacturers' margins, with hospitals passing on some of the pricing pressure to their suppliers.

BMI Industry View
9
Table: Projected Medical Device Market, 2014-2019
9
Latest Updates And Key Forecasts
9
SWOT
10
Medical Device Market
10
Industry Forecast
13
Medical Device Market Forecast
13
Latest Updates
13
Structural Trends
13
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
15
Consumables Market Forecast
20
Latest Updates
20
Structural Trends
20
Bandages & Dressings
20
Suturing Materials
21
Syringes, Needles & Catheters
21
Other Consumables
21
Table: Consumables Market, 2009-2019 (USDmn)
22
Table: Consumables Market, 2010-2019 (USDmn % Change)
23
Diagnostic Imaging Market Forecast
25
Latest Updates
25
Structural Trends
25
Electrodiagnostic Apparatus
26
Radiation Apparatus
26
Imaging Parts & Accessories
26
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
27
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
28
Dental Products Market Forecast
30
Latest Updates
30
Structural Trends
30
Capital Equipment
30
Instruments & Supplies
31
Table: Dental Products Market, 2009-2019 (USDmn)
31
Table: Dental Products Market, 2010-2019 (USDmn % Change)
32
Orthopaedics & Prosthetics Market Forecast
34
Latest Updates
34
Structural Trends
34
Fixation Devices
34
Artificial Joints
35
Other Artificial Body Parts
35
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
35
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
36
Patient Aids Market Forecast
37
Latest Updates
37
Structural Trends
37
Portable Aids
37
Therapeutic Appliances
38
Table: Patient Aids Market
38
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
39
Other Medical Devices Market Forecast
41
Latest Updates
41
Structural Trends
41
Table: Other Medical Devices Market, 2009-2019 (USDmn)
42
Table: Other Medical Devices Market, 2009-2018 (USDmn % Change)
43
Annual Medical Device Imports
45
Table: Medical Device Imports By Product Area, 2010-2014 (USD000s)
48
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
50
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
51
Table: Detailed Medical Device Import Trends By Product Area, 2014
54
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
57
Monthly Medical Device Imports
60
Table: Monthly Medical Device Imports By Product Area, Year Ending December 2015 (USDmn)
60
Annual Medical Device Exports
61
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
64
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
66
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
67
Table: Detailed Medical Device Export Trends By Product Area, 2014
70
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
73
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
76
Monthly Medical Device Exports
80
Table: Monthly Medical Device Exports By Product Area, Year Ending December 2015 (USDmn)
80
Industry Risk/Reward Index
81
Table: Americas Medical Device Risk/Reward Index, Q216
82
Market Overview
83
Medical Device Market Overview
83
Table: Medical Device Market, Key Ratios, 2014
83
Table: Medical Device Market By Product Area, 2014
84
Healthcare Overview
85
Health Status
85
Healthcare System
85
Private Healthcare Providers
86
Table: Leading Private Hospital Groups, 2014
86
Healthcare Funding
87
Table: Largest Health Insurance/Managed Care Companies By Revenue, 2011-2014 (USDbn)
92
Healthcare Resources
92
Table: Diagnostic Imaging Technology By Type, 2006-2014 (Units)
93
Healthcare Activity
94
Healthcare Personnel
94
Key Healthcare Data
95
Table: Key Healthcare Data, 2009-2015
95
Industry Trends & Developments
98
Regulatory Development
107
Medical Device Regulations
107
Competent Authority
107
Regulations
107
Medical Device Pricing & Reimbursement
122
Pricing
122
Reimbursement
123
Health Technology Assessment
124
Procurement
127
Competitive Landscape
129
Domestic Medical Device Production
129
Table: Summary Sector Trends, 1999-2007 (USDmn)
129
Table: Medical Equipment Production By Category, 2007 (USDmn)
130
Table: US Census Bureau NAICS Codes & Description
132
Domestic Medical Device Manufacturing
132
Table: Establishments & Employees By Industry Sector, 2012
133
National Medical Device Manufacturers
133
Abbott Laboratories
133
Baxter
135
Becton Dickinson
136
Boston Scientific
137
GE Healthcare
138
Johnson & Johnson
139
St
140
Stryker
142
Zimmer Biomet
143
Multinational Medical Device Manufacturers
144
B
144
Fresenius Medical Care
144
Medtronic
145
Philips
146
Siemens
147
Smith & Nephew
148
Medical Device Market Access
149
Distribution
149
Trade Organisations
150
Trade Shows
151
Methodology
152
Forecast Methodology
152
Trade Code Classifications
153
Table: Rearranged HS Trade Codes
154
Risk/Reward Index Methodology
157
Table: Medical Devices Risk/Reward Index Indicators
158
Sources
160
Contact
161

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.