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 robust growth over the next five years and forecast a 2014-2019 CAGR of 5.3%. We expect that this growth will increase the market from USD133.6bn in 2014 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 USD41.0bn in the 12 months to September 2015, a y-o-y rise of 4.9%.

  • 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 have remained almost static for the last four quarters, and decreased fractionally to USD44.1bn y-o-y in the 12 months to September 2015.

  • We believe the passing of legislation which includes a two-year moratorium on the 2.3% medical device tax will enable manufacturers to raise investment in R&D, increase employment and potentially build new facilities.

BMI Industry View
7
SWOT
10
Medical Device Market
10
Political
11
Economic
12
Operational Risk
13
Industry Forecast
14
Medical Device Market Forecast
14
2014-2019 Performance
14
Table: Projected Medical Device Market, 2014-2019
14
2009-2014 Performance
15
Table: Detailed Medical Device Market By Product Area, 2009-2019 (USDmn)
16
Consumables Market Forecast
22
Bandages & Dressings
22
Suturing Materials
22
Syringes, Needles & Catheters
23
Other Consumables
23
Table: Consumables Market, 2009-2019 (USDmn)
24
Table: Consumables Market, 2010-2019 (USDmn % Change)
25
Diagnostic Imaging Market Forecast
27
Electrodiagnostic Apparatus
28
Radiation Apparatus
28
Imaging Parts & Accessories
28
Table: Diagnostic Imaging Market, 2009-2019 (USDmn)
29
Table: Diagnostic Imaging Market, 2010-2019 (USDmn % Change)
30
Dental Products Market Forecast
32
Capital Equipment
32
Instruments & Supplies
32
Table: Dental Products Market, 2009-2019 (USDmn)
33
Table: Dental Products Market, 2010-2019 (USDmn % Change)
33
Orthopaedics & Prosthetics Market Forecast
35
Fixation Devices
35
Artificial Joints
35
Other Artificial Body Parts
36
Table: Orthopaedics & Prosthetics Market, 2009-2019 (USDmn)
36
Table: Orthopaedics & Prosthetics Market, 2010-2019 (USDmn % Change)
36
Patient Aids Market Forecast
38
Portable Aids
38
Therapeutic Appliances
38
Table: Patient Aids Market
39
Table: Patient Aids Market, 2010-2019 (USDmn % Change)
39
Other Medical Devices Market Forecast
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: Medical Device Imports By Product Area, 2010-2014 (USD000s % Change)
49
Table: Top 20 Medical Device Suppliers, 2014 (USD000s)
51
Table: Detailed Medical Device Imports By Product Area, 2010-2014 (USD000s)
52
Table: Detailed Medical Device Import Trends By Product Area, 2014
55
Table: Detailed Leading Medical Device Suppliers By Product Area, 2014 (USD000s)
58
Monthly Medical Device Imports
61
Table: Monthly Medical Device Imports By Product Area, June 2012-July 2015 (USDmn)
61
Annual Medical Device Exports
63
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s)
66
Table: Medical Device Exports By Product Area, 2010-2014 (USD000s % Change)
67
Table: Top 20 Medical Device Destinations, 2014 (USD000s)
69
Table: Detailed Medical Device Exports By Product Area, 2010-2014 (USD000s)
70
Table: Detailed Medical Device Export Trends By Product Area, 2014
73
Table: Detailed Leading Medical Device Destinations By Product Area, 2014 (USD000s)
76
Table: Detailed Medical Device Trade Balance, 2010-2014 (USD000s)
79
Monthly Medical Device Exports
83
Table: Monthly Medical Device Exports By Product Area, June 2012-July 2015 (USDmn)
83
Macroeconomic Forecasts
86
Economic Analysis
86
Table: US - Key Economic Indicators
86
Table: US - Private Consumption Forecasts
88
Table: US - Private Investment Forecasts
88
Table: US - Government Consumption And Investment Forecasts
90
Table: US - Net Exports Forecasts
91
Industry Risk/Reward Index
92
Table: Americas Medical Device Risk/Reward Index, Q415
93
Market Overview
94
Medical Device Market Overview
94
Table: Medical Device Market, Key Ratios, 2014
95
Table: Medical Device Market By Product Area, 2014
95
Healthcare Overview
96
Health Status
96
Healthcare System
97
Healthcare Funding
98
Table: Marketplace Enrolment As A Share Of The Potential Marketplace Population
103
Table: Leading US Private Hospital Groups, 2014
106
Table: Largest Health Insurance & Managed Care Companies By Revenue, 2011-2013
108
Healthcare Resources
109
Table: Diagnostic ImagingTechnology By Type, 2006-2014 (Units)
109
Table: Diagnostic Exams By Type, 2005-2011
111
Healthcare Activity
112
Healthcare Personnel
113
Key Healthcare Data
113
Table: Key Healthcare Data, 2009-2014
113
Industry Trends & Developments
116
Regulatory Development
131
Medical Device Regulations
131
Medical Device Pricing & Reimbursement
146
Competitive Landscape
152
Domestic Medical Device Production
152
Table: Summary Sector Trends, 1999-2007 (USDmn)
152
Table: Medical Equipment Production By Category, 2007 (USDmn)
153
Table: US Census Bureau NAICS Codes & Description
155
Table: Establishments & Employees By Industry Sector, 2012
156
National Medical Device Manufacturers
156
Multinational Market Activity
173
Table: Multinational Market Activity, 2015
173
Medical Device Market Access
177
Distribution
177
Trade Organisations
178
Trade Shows
179
Methodology
180
Forecast Methodology
180
Trade Code Classifications
181
Table: Rearranged HS Trade Codes
182
Risk/Reward Index Methodology
185
Table: Medical Devices Risk/Reward Index Indicators
186
Sources
188
Contact
189

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.