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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
- 25 trends in robotics for 2025 - The natural and long foreseen fusion of AI and robotics empowers robots to perform increasingly complex tasks, with decreasing specificity in instruction sets. Rather than following narrowly pre-programmed instructions, (01/03/2025)
- Vietnam Surgical Equipment Market 2025 Is Booming Across the Globe by Share, Size, Growth, Segments and Forecast to 2033 - Request To Download Free Sample of This Strategic Report @ What is the Vietnam Surgical Equipment Market? The Vietnam Surgical Equipment Market has experienced significant growth and transformation, (12/30/2024)
- Vietnam Equine Pharmaceuticals and Supplements Market Size, Growth Insight, Share, Emerging Technologies, Share, Regional, Industry Forecast To 2033 - Technological Advancements: The market has seen a surge in technological innovations, leading to the development of more precise, efficient, and minimally invasive surgical tools and devices. These advancements include state-of-the-art imaging systems, robotics, and specialized instruments tailored for various surgical procedures. (12/30/2024)
- FGM-108 by FutureGen Biopharm Technology for Metastatic Pancreatic Cancer: Likelihood of Approval - FGM-108 is under clinical development by FutureGen Biopharm Technology and currently in Phase II for Metastatic Pancreatic Cancer. (12/30/2024)
- Teleflex Stock: Is TFX Underperforming the Healthcare Sector? - With a market cap of $8.3 billion, Wayne, Pennsylvania-based Teleflex Incorporated (TFX) is a global leader in medical technology, specializing in designing, developing, and manufacturing single-use medical devices. (12/30/2024)
- China's Medical Device Makers Pivot to Premium Products Amid Industry Slowdown - Amid challenging market conditions, the medical device trade-in policy promoted by the State Council is expected to stimulate medium and short-term demand, particularly benefiting industry leaders. The policy offers subsidies to encourage hospitals to replace outdated devices with new ones. (12/27/2024)
- World’s first 3D-printed microneedles pave way for hearing loss treatments - Researchers at Columbia University have developed a 3D-printed microneedle that can potentially transform hearing loss treatments. (12/25/2024)
- Tehran to host Iran Health Expo 2025 in April - The 26th international exhibition of medical, dental, pharmaceutical, and laboratory equipment (Iran Health Expo 2025) is scheduled to be held in Tehran from April 19 to 22. (12/24/2024)
- NuGen Medical Devices: Top 10 Undervalued Medical Devices & Instruments Industry Stocks (NGMD) - Detailed price information for Nugen Medical Devices Inc (NGMD-X) from The Globe and Mail including charting and trades. (12/23/2024)
- Pakistan’s medical and surgical instrument exports to China surge in 2024 - Pakistan’s exports of medical and surgical instruments to China ... “Pakistan has long been known for its robust manufacturing of medical instruments, and this surge in exports to China ... (12/08/2024)
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