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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.
| Statistics | 2017 2018 2019 2020 2021 2022 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
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 (%) | ||||||
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 |
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Electromedical And Electrotherapeutic Apparatus Manufacturing |
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Electromedical Equipment (Including Diagnostic, Therapeutic, And Patient Monitoring Equipment), Excluding Ionizing Radiation Equ |
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Irradiation Apparatus Manufacturing |
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Irradiation (Ionizing Radiation) Equipment |
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Surgical And Medical Instrument Manufacturing |
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Surgical And Medical Instruments |
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Surgical Appliance And Supplies Manufacturing |
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Total Miscellaneous Receipts |
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Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly |
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Contract Work - Receipts For Work Done For Others On Their Materials |
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Miscellaneous Receipts, Including Receipts For Repair Work, Sales Of Scrap And Refuse. |
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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.
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 Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| 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 | ||
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 Ratios | Industry 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. |
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| 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). |
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| 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. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 12% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| 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% | |||
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 |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Electromedical & Electrotherapeutic Apparatus Manufacturing industry. |
Source:
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 |
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