Medical Device Manufacturing: Competitive Landscape

This is the fifth in a multi-part series that will focus on the competitive landscape in the medical device manufacturing industry, a member of the manufacturing sector. Competitive Landscape It is estimated that the four largest firms in the medical device manufacturing industry account for nearly 76% of total revenue in the industry[1], thus making this a highly concentrated industry. The majority of small firms employing fewer than twenty people specialize in developing technology for a niche area and are routinely acquired by larger players seeking their expertise. Medium sized firms are frequently bought out by larger players. Though the number of participants in the industry has steadily increased in the last five years, so has the concentration. Small firms will face increasing competition as the larger playing acquire greater market-share. Key Success Factors There are five critical factors for success in this industry[2]: 1. Access to highly skilled workers is…

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