Industry Insights · Market · Trade · Industry
How big is US medical-device output? Finding position from trade data (4)
To judge the global landscape, first get the biggest player's output right.
Two paths corroborate
Backward: ~$54B of HS 9018+9019+9021 exports ÷ the US's stable ~40% export/output ratio ÷ ~80% basis correction ≈ $169B. Forward: NAICS 33911X manufacturing statistics ≈ $173B. Both land near $170B.
The scale of core firms
Under NAICS 33911X, excluding ~7,760 dental labs, core device firms number ~12,700; the ~10,600 in 339112/339113 — e.g. Medtronic, Intuitive Surgical — produce at least $80B+ combined.
Why pin down the US
The US is the world's largest device player; getting its output and exports right is the baseline for judging global trade scale, country shares and China's position.
The BIO angle
FAQ
How big is US device output?
~$170B in 2024; backward ~$169B and forward (NAICS 33911X) ~$173B corroborate.
What is NAICS 33911X?
The North American classification code for 'Medical Equipment and Supplies Manufacturing', a core basis for US device output statistics.
Why start with the US?
It's the largest device player; pinning down its output and exports is the baseline for global scale and country shares.
Related reading
- Is China a Medical-Device Exporter or Importer? Finding Position from Trade Data (1) | BIO Insights
- China's Core Medical-instrument Exports: HS 9018 vs Germany and the US (2015–2024) | BIO
- How Did the Global Device Trade Market Form? Finding Position from Trade Data (3) | BIO Insights
Note: an original analysis compiled from public industry information; figures and conclusions per official/original sources. Not investment advice.
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