Life Science/Medical Devices, Equipment & Supplies
One of the fastest growing industries throughout the manufacturing and wholesale arena is Medical Device & Supply. Over the past 14 years, we have displayed that our expertise and proven formula allows us to quickly surface, evaluate, and attract the right professional. We use our passion and industry expertise to change lives and impact businesses.
The US medical device and supply manufacturing industry includes about 11,000 companies with combined annual revenue of about $85 billion. The industry is concentrated: the 50 largest companies account for about 60 percent of revenue. Major products include surgical and medical instruments (about 45 percent of industry revenue) and surgical appliances and supplies (about 40 percent). The remaining revenue comes from other sources including lab equipment and furniture, diagnostic and anesthetic equipment; and dental equipment and supplies.
After maintaining growth during the devastating recession, the medical device and supply manufacturing and wholesale industry will continue to expand over the next five years. Thirty years from now, 50 % of the worldwide population will be over the age of 65. This population shift is causing the Medical Device and Supply industry to take a new approach to healthcare – prevention. In addition to an aging population, increased occurrences of lifestyle diseases and unmet medical needs are causing the industry to grow – roughly 7 to 8 percent each year. The fastest growing categories are orthopedic, neurological, and aesthetic. Additionally, new cardiovascular and neurological devices will fuel demand for industry products, boosting revenue for wholesalers.