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          1. Electromedical & X-ray Apparatus Manufacturing Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 9/7/2020
            SIC Codes: 3844, 3845
            NAICS Codes: 334510, 334517
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Electromedical & X-ray Apparatus Manufacturing Industry Profile

            Companies in this industry manufacture magnetic resonance imaging and ultrasound equipment, pacemakers and other devices, and irradiation apparatus for medical or industrial uses. Major US companies include Hologic, Abbott, Varian Medical Systems, and Zoll Medical, as well as divisions of General Electric and Johnson & Johnson. Outside the US, major companies include Hitachi Healthcare (Japan), Medtronic (Ireland), Sonova (Switzerland), Philips (Netherlands), and Siemens Healthineers (Germany).

            Sales of electromedical and X-ray apparatus are strongest in established markets including the US, Western Europe, and Japan. Expansion is focused on developing nations such as India and China. Growth is driven by aging populations and rising occurrences of noncommunicable conditions such as heart disease and cancer.

            The US electromedical and X-ray apparatus manufacturing industry includes about 900 companies with combined annual revenue of about $36 billion.

            COMPETITIVE LANDSCAPE

            Demand is driven by technological advancements, demographics (the aging US population drives the need for medical products), and the needs of the health care industry. The profitability of individual companies depends on efficient operations and effective marketing. Large companies enjoy economies of scale in research, manufacturing, marketing, and distribution. Smaller companies can compete effectively by developing innovative technologies or specialty products for niche markets, such as cancer therapy apparatus. In the US, both the electromedical and the X-ray apparatus segments are highly concentrated: the 50 largest companies account for about 85% and 95% of revenue, respectively.

            Imports, mainly ...

             
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