The market is dominated by domestic suppliers, as imports account for 40.7% of total market size in 2023. B2B drives market demand, with B2B spending representing 80.1% of total demand in 2023. The US has the largest market size for medical and surgical equipment across the top 20 developed countries, with demand reaching USD166 billion in 2023. Stryker Corp is the largest company in the US, generating 9.9% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 29.7% of total production value in 2023. The total number of companies increases in 2023, to 9,964 units. The costs of the industry increase by 3.5% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 26.1% of production value in 2023, the second highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 25.1% of total production output. With production value of USD122 billion, the US accounts for 96.1% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Medical and Surgical Equipment in the US: ISIC 3311. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Medical and Surgical Equipment in the US: ISIC 3311 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Pharmaceuticals and Medical Equipment is an aggregation of Pharmaceuticals, Medical and Surgical Equipment.
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