Medical Device Statistics

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Medical Device Market

The U.S. is the largest medical device market in the world, valued at an estimated $155 billion in 2017.

SelectUSA

In 2015, the U.S. represented about 43 percent of the global market for medical devices.

SelectUSA

The medical device & diagnostic industry supply chain is worth over $300 billion.

DSV

Per capita expenditure on medical devices, at $399 USD, the US medical device market is the highest in the world.

January 30, 2015 | Inbound Logistics

Medical device outsourcing should grow at a compound annual growth rate (CAGR) of 11.60%, reaching $40.8 billion by 2018.

February 6, 2017 | Medical Developments

The global medical devices market will see a steady growth with the sales revenue and international trade value reaching $543.9 billion and $289.2 billion respectively by 2020.

February 6, 2017 | Medical Developments

Companies have seen a 300% increase in regulatory inspections of pharmaceuticals and medical devices.

November 16, 2016 | Supply Chain Dive

Increasing regulatory compliance was the number one concern for 32% of respondents.

Logimed

7 of the world's 10 largest medical device original equipment manufacturers (OEMs), by revenue, are headquartered in the United States.

January 30, 2015 | Inbound Logistics

The US will continue to dominate the medical device industry in 2030, crossing US$300 billion in sales.

May 23, 2016 | KPMG

Medical Device Supply Chain

The medical device supply chain highly fragmented. It's common for a medical device company to have small distribution points totaling 40 to 100 locations.

July 16, 2014 | Barrett Distribution

39% of senior supply chain medical executives consider supply chain technology systems to be critical to the successful enhancement of their operations.

Logimed

43% of senior supply chain medical executives believe that digitization of the supply chain will be very important.

Logimed

Supply chain plays an important role in business strategy, with 63% of senior medical device supply chain leaders either heavily involved in company strategy, or asking for input on major planned changes.

Logimed

In a survey, 43% of senior supply chain medical executives consider managing big data to be very important to supply chain.

Logimed

Better supply chain agility is a concern for 75% in the medical device market

AT Kearney

For medical device manufacturers, the average on-time, in-full delivery performance was only 93%

AT Kearney

Medical Device Supply Chain Costs

Supply chain accounts for 40% of overall costs of the $122 billion medical devices market.

January 1, 2013 | McKinsey

By improving supply chain performance, medical device manufacturers could boost profits by 20%.

January 1, 2013 | McKinsey

Adverse quality costs the medical device industry between $2.5 billion and $5 billion per year.

IQS

Medical Device Shipping Challenges

Expirations and obsolescence cause shipments to end users to exceed sales by 10 percent to 12 percent because of shrink.

February 26, 2015 | Trindent

28 percent of medical device companies experienced more than one recall due to shipping in 2015.

IQS

72% report that congested transportation infrastructure has a big effect on the ability to deliver on time and on quality.

Logimed

22% are now actively discussing how creation of an impact analysis to manage exceptions can be incorporated into their strategic approach.

Logimed

Implantable Medical Devices

Implantable device sales totaled about $43 billion in 2011 and are expected to grow to $74 billion by 2018.

August 1, 2017 | AARP

5 manufacturers control 90% of the market for artificial hip and knee implants.

August 1, 2017 | AARP

The market for implantable medical devices is valued at $72.2 billion, and is expected to reach $116.3 billion by 2022, supported by a CAGR of 7.1%.

Allied Market Research