Industry Analysis & Industry Trends
Demand for the industry's products is driven by demand for medical and dental services, which is affected by factors such as the size and age of the population, life expectancy, lifestyle choices, rising access to medical services in developing countries and expectations of medical and oral-care outcomes. Economic conditions and the state of government finances also influence the level of spending on medical services.
Industry revenue is expected to increase at a compound annual rate of 2.1% over the five years through 2016-17. A projected increase in domestic demand is expected to have bolstered industry performance, supported by the ageing population, rising levels of obesity, technological advances and the fact that health-care services remain vital... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Medical and Dental Instrument Manufacturing industry has a low level of concentration. The top four players in the industry are expected to generate 19% of total industry revenue in 2016-17. However, concentration is much higher within product segments.
The industry has some large multinational companies operating alongside a large number of relatively small businesses focusing on manufacturing a narrow range of products. Over 75% of the firms operating in the industry employ fewer than 10 employees, while only 3.4% of enterprises employ 100 or more people. This also suggests that the industry is fragmented and has a low level of concentration.
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