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2025 U.S. Industry Statistics & Market Forecast - Surgical and Medical Instrument Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Surgical and Medical Instrument 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 | 2020 2021 2022 2023 2024 | |
|---|---|---|
| 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 forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Surgical and Medical Instrument Manufacturing industry include:- Increased demand for minimally invasive surgical procedures
- Advancements in robotics and automation technology
- Growing integration of AI and machine learning
- Expansion of telemedicine and remote surgeries
- Stringent regulatory standards
- Rising healthcare expenditures globally
- Shift towards personalized medicine
- Supply chain disruptions due to global events
- Increased R&D investment
- Aging population and chronic disease prevalence
- Eco-friendly and sustainable manufacturing practices
- Cybersecurity enhancements in medical devices
- Collaborations and mergers in the healthcare sector
- Growth in emerging markets
- Demand for high-quality disposable surgical instruments
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) |
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|---|---|---|
| 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 Surgical and Medical Instrument 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 Surgical and Medical Instrument 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Surgical and Medical Instrument 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 | 8% | Order at top of page |
||
| Chief Executives | 0% | |||
| General and Operations Managers | 2% | |||
| Business and Financial Operations Occupations | 6% | |||
| Architecture and Engineering Occupations | 9% | |||
| Engineers | 7% | |||
| Office and Administrative Support Occupations | 10% | |||
| Production Occupations | 50% | |||
| Assemblers and Fabricators | 13% | |||
| Miscellaneous Assemblers and Fabricators | 12% | |||
| Metal Workers and Plastic Workers | 8% | |||
| Other Production Occupations | 24% | |||
| Dental and Ophthalmic Laboratory Technicians and Medical Appliance Technicians | 13% | |||
| Dental Laboratory Technicians | 9% | |||
Surgical and Medical Instrument Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Surgical and Medical Instrument 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 Surgical and Medical Instrument 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 Surgical and Medical Instrument Manufacturing industry. |
Source:
Latest Industry News
- Steps taken against EU medical device curbs - The restrictions apply to medical devices such as surgical instruments, magnetic resonance imaging equipment, blood-based pharmaceutical preparations, orthopedic implant components and medical laser devices. (07/06/2025)
- China responds to EU ban with import restrictions of medical equipment - The ministry notice stipulates that for procurement projects with a medical device budget exceeding 45 million yuan ($6.28 million), the EU businesses, excluding those EU-funded but operating within China, will be excluded from participation. (07/06/2025)
- Innovia acquires two US speciality medical device companies - Grace Medical’s chief operating officer and president will helm the strategic direction of Innovia Medical's ENT division. (07/04/2025)
- Kangji Medical Holdings And 2 Other Undiscovered Gems In Asia - As global markets continue to navigate a complex landscape, smaller-cap indexes like the S&P MidCap 400 and Russell 2000 have shown notable resilience, reflecting an appetite for growth opportunities amid broader economic fluctuations. (07/03/2025)
- California Manufacturing Jobs Dip But Still Key to State as Investment Continues - California’s life sciences manufacturing jobs dipped 3.7% in 2024, according to a new Biocom California report. Still, several companies made—and continuing making—significant manufacturing investments in the state as key trends shape the discipline. (07/02/2025)
- Hogge Precision Reinforces Leadership in Medical CNC Machining with Advanced Capabilities and Industry Expertise - Hogge Precision, a leading provider of high-precision manufacturing solutions, today highlighted its advanced medical CNC machining capabilities, underscoring its commitment to delivering exceptional components tailored for critical medical applications. (07/01/2025)
- Medical Supplierz Expands Online Access To Surgical And Diagnostic Equipment - We're building a digital gateway for global healthcare, empowering suppliers to scale faster and giving providers seamless access to adva (06/30/2025)
- A' International Medical Devices And Medical Equipment Design Awards Call For Entries - Medical Product Design Awards A' Design Award & Competition Announces Call for Entries for A' International Medical Devices and Medical Equ (06/28/2025)
- Medical Ceramics Market to Reach $29.93 Billion by 2032, Growing at a CAGR of 6.2% from 2025, Says Meticulous Research® - According to a comprehensive market research report titled "Medical Ceramics Market by Type (Bioinert [Alumina, Zirconia, (06/25/2025)
- GCC Medical Gloves Market Forecast Shows Moderate Expansion to USD 213.7 Million by 2034 - The GCC medical gloves market has become increasingly vital in supporting healthcare infrastructure across the Gulf Cooperation Council countries. As infection prevention and hygiene standards continue to rise, (05/26/2025)
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