US Medical Equipment & Supply Demand to Reach $129 Billion in 2021

CLEVELAND, July 10, 2017 /PRNewswire/ -- US medical equipment and supply demand is forecast to reach $129 billion in 2021, according to Medical Equipment & Supplies: United States, a report recently released by Freedonia Focus Reports. Continued increases in demand for medical services – driven in large part by the aging of the population and supported by gains in disposable personal income – will boost sales of associated equipment and supplies. New product introductions will also drive sales as providers and patients seek the latest innovations in selecting treatment options.

Growth in US shipments of medical equipment and supplies is expected to slightly outpace US demand as healthcare expenditures in developing regions (eg, Asia, Africa, and the Middle East) are projected to outperform US spending. For instance, Asia is forecast to see 8.4% annual gains in nominal healthcare spending to 2021. In 2016, China represented the third leading destination for US exports. Over the 2006-2016 period, US exports to China increased at a 16% average annual pace, outperforming the 3.4% average yearly growth in US exports.

These and other key insights are featured in Medical Equipment & Supplies: United States. This report forecasts to 2021 US medical equipment and supply demand and shipments in US dollars at the manufacturers' level. Total demand and shipments are segmented by product in terms of:

• surgical appliances and supplies
• surgical and medical instruments
• electromedical equipment
• dental equipment and supplies
• ophthalmic goods
• irradiation equipment

Excluded from the scope of this report are pharmaceuticals, contrast agents, and other consumables for in vivo diagnostic tests as well as in vitro diagnostic substances. Also excluded is laboratory equipment such as hematology instruments; they are covered in Analytical Instruments: United States. Pharmaceuticals are covered in Pharmaceuticals: United States. Re-exports of medical equipment and supplies are excluded from demand and trade figures.

To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2006 to 2016.

More information about the report is available at

https://www.freedoniafocusreports.com/Medical-Equipment-Supplies-United-States-FF40018/

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Healthcare & Biotechnology reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output
• segmentation by products and markets
• identification of market drivers, constraints, and key indicators
• segment-by-segment outlook in five-year forecasts
• a survey of the supply base
• suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

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SOURCE The Freedonia Group