Size and shape of the US medical device industry

Departments - Medical infographic

The global medical device market offers opportunities for U.S. manufacturers, with large and small players showing adaptability and tenacity.

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July 6, 2016

Medical device industry

Value of total exports based on North American Industry Classification System (NAICS)

29% Surgical & medical instruments

Includes anesthesia apparatus, orthopedic instruments, optical diagnostic apparatus, blood transfusion devices, syringes, hypodermic needles, catheters

22% Surgical appliances & supplies

Includes artificial joints and limbs, stents, orthopedic appliances, surgical dressings, disposable surgical drapes, hydrotherapy appliances, surgical kits, rubber medical and surgical gloves, wheelchairs

14% Electro-medical & electro-therapeutic apparatus

Includes pacemakers, patient-monitoring systems, MRI machines, diagnostics imaging equipment, ultrasonic scanning devices

17% In-vitro diagnostic substances

Includes chemical, biological, or radioactive substances

8% Irradiation apparatus

Includes X-ray devices, diagnostics imaging equipment, computed tomography equipment

6% Ophthalmic goods

Includes eyeglass frames, lenses, related optical and magnification products

3% Dental equipment & supplies

Includes dental hand instruments, drills, sterilizers, dental chairs, plaster, amalgams, cements

The U.S. leads

  • World productionof medical devices
  • Global consumptionof medical devices
  • Medical devicemarket with a value of $140+ billion;
  • 45% of the global market

43 billion with 1.5% annual growth

2015 total value of U.S. industry product shipments under medical NAICS categories

Source: 2016 ITA Medical Devices Top Markets Report