Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Electromedical & Electrotherapeutic Apparatus Manufacturing

Market Size & Industry Statistics

The total U.S. industry market size for Electromedical & Electrotherapeutic Apparatus Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Electromedical & Electrotherapeutic Apparatus Manufacturing market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

In recent years, the Electromedical & Electrotherapeutic Apparatus Manufacturing industry has experienced rapid growth and technological advancements, with emerging trends shaping the future of this field. One significant trend is the demand for non-invasive technologies, which is driven by the increasing sophistication of medical equipment and the need for less invasive diagnostic and treatment options.

Another key trend is the shift towards portable and mobile devices, which enables medical professionals to provide healthcare services in remote or underserved areas. This trend responds to the rising demand for healthcare services and the need for more efficient methods of diagnosis and treatment.

Furthermore, the rise of artificial intelligence and machine learning is transforming the field of medical technology, with the potential to improve outcomes and reduce the cost of care. This trend includes the development of smart sensors and wearable technology, enabling healthcare providers to monitor patient health in real-time and make more informed treatment decisions.

Lastly, the increasing awareness of the benefits of preventative care is driving the industry towards the development of devices focused on improving wellness and lifestyle management. This trend includes wearable fitness trackers, weight management devices, and sleep monitoring tools.

In summary, these trends are affecting the Electromedical & Electrotherapeutic Apparatus Manufacturing industry, with an increasing focus on innovation, efficiency, and non-invasive technology. As the field continues to evolve, new opportunities and challenges will emerge, requiring companies to remain agile and adapt to the changing healthcare landscape.

Product & Services Breakdown

Research products and services in the Electromedical & Electrotherapeutic Apparatus Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Electromedical And Electrotherapeutic Apparatus Manufacturing

Electromedical Equipment (Including Diagnostic, Therapeutic, And Patient Monitoring Equipment), Excluding Ionizing Radiation Equ

Irradiation Apparatus Manufacturing

Irradiation (Ionizing Radiation) Equipment

Surgical And Medical Instrument Manufacturing

Surgical And Medical Instruments

Surgical Appliance And Supplies Manufacturing

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

Contract Work - Receipts For Work Done For Others On Their Materials

Miscellaneous Receipts, Including Receipts For Repair Work, Sales Of Scrap And Refuse.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Electromedical & Electrotherapeutic Apparatus Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Electromedical & Electrotherapeutic Apparatus Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Electromedical & Electrotherapeutic Apparatus Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 12%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations 10%
Business Operations Specialists 8%
Computer and Mathematical Occupations 14%
Computer Occupations 14%
Software and Web Developers, Programmers, and Testers 10%
Software Developers 9%
Architecture and Engineering Occupations 19%
Engineers 15%
Office and Administrative Support Occupations 8%
Production Occupations 25%
Assemblers and Fabricators 14%
Electrical, Electronics, and Electromechanical Assemblers 10%
Electrical, Electronic, and Electromechanical Assemblers, Except Coil Winders, Tapers, and Finishers 10%
Source: Bureau of Labor Statistics

Electromedical & Electrotherapeutic Apparatus Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Electromedical & Electrotherapeutic Apparatus Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Electromedical & Electrotherapeutic Apparatus Manufacturing industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Electromedical & Electrotherapeutic Apparatus Manufacturing industry.

Government Contracts

In 2022, the federal government spent a total of $475,839,274 on Electromedical & Electrotherapeutic Apparatus Manufacturing. It has awarded 1438 contracts to 346 companies, with an average value of $1,375,258 per company.   

Most Recent Contracts Date Total Award Amount