The Medical and Surgical Equipment Manufacturing industry has performed modestly over the past five years. Industry revenue is estimated to grow at a compound annual rate of 2.1% over the five years through 2015-16, driven by steadily rising demand from general hospitals and growing public health expenditure. However, falling capital expenditure on machinery and equipment has limited the demand for advanced medical and surgical equipment, particularly from private healthcare providers. While most manufacturing industries are in decline due to high production costs and import competition from developing economies, local industry operators are beating the odds and making a profit.
Companies in the industry primarily manufacture medical, surgical and dental equipment. Firms that mainly manufacture ophthalmic equipment are excluded from the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.