The Medical and Surgical Equipment Manufacturing industry has performed relatively well in recent years. While most manufacturing industries are in decline and facing an uncertain future due to the high Australian dollar, strong competition and high production costs, companies in this industry are beating the odds and making profit. The industry's contribution to the economy has also been stable over the past five years, supported by high profit margins, with steady future growth expected.
This industry includes companies that manufacture medical, surgical and dental equipment. This includes dentures, medical aids and appliances. A business in this industry purchases materials including glass, rubber, metals and plastic to produce items such as hypodermic needles and dental instruments.
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.