Electromedical & X-ray Apparatus Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/6/2021
SIC Codes: 3844, 3845
NAICS Codes: 334510, 334517
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Electromedical & X-ray Apparatus Manufacturing Industry Profile

Companies in this industry manufacture magnetic resonance imaging and ultrasound equipment, pacemakers and other devices, and irradiation apparatus for medical or industrial uses. Major US companies include Abbott, GE Healthcare Systems, Hologic, Varian Medical Systems, and Zoll Medical, as well as divisions Johnson & Johnson. Outside the US, major companies include Hitachi Healthcare (Japan), Medtronic (Ireland), Philips (Netherlands), Siemens Healthineers (Germany), and Sonova (Switzerland).

Sales of electromedical and X-ray apparatus are strongest in established markets including the US, Western Europe, and Japan. Expansion is focused on developing nations such as India and China. Growth is driven by aging populations and rising occurrences of noncommunicable conditions such as heart disease and cancer.

The US electromedical and X-ray apparatus manufacturing industry includes about 1000 companies with combined annual revenue of about $42 billion.


Demand is driven by technological advancements, demographics (the aging US population drives the need for medical products), and the needs of the health care industry. The profitability of individual companies depends on efficient operations and effective marketing. Large companies enjoy economies of scale in research, manufacturing, marketing, and distribution. Smaller companies can compete effectively by developing innovative technologies or specialty products for niche markets, such as cancer therapy apparatus. In the US, both the electromedical and the X-ray apparatus segments are highly concentrated: the 50 largest companies account for about 85% and 95% of revenue, respectively.

Imports, mainly from ...

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