Dental Practices and Supplies
This segment is focused upon providing general as well as cosmetic dental services. Also included is equipment, instruments, and supplies used by dentists such as hand instruments, plaster, drills, sterilizers, and dental chairs.
Medical Equipment and Apparatuses
This segment is made up of electro-medical equipment and irradiation apparatuses. Products from this segment include a variety of powered devices, such as pacemakers, patient-monitoring systems, MRI machines, and ultrasonic scanning devices.
Surgical Appliances and Instruments
This segment includes various appliances and instruments used in surgery, such as anesthesia apparatuses, orthopedic instruments, artificial joints and limbs, hydrotherapy appliances, blood transfusion devices, and hypodermic needles.
The Healthcare industry is Highly Fragmented. The production in this industry is divided among many different companies, no single firm has large enough share of the market to be able to influence the industry's direction or price levels.
Primary Demand Drivers
- Advances in medical care and technology
- Obtaining grants and federal funds
- Efficient operations
From the Blog
Drug prices in America have become an issue for many. Medications can cost two and three times more in the United States than they do in European countries. A drug that treats arthritis, psoriasis and other similar conditions, Humira, costs $822 dollars in Iceland but $2,669 in America.
It is no shock that developing countries have the lowest access to healthcare. According to the Global Economic Symposium, “low and middle-income countries bear 93% of the world´s disease burden, yet account for only 18% of world income and 11% of global health spending.” While this lack of access to medical services is common on the demand side of the healthcare industry due to people not being able to afford the costs of the treatment, another prevalent issue occurs on the supply side.
- SelectUSA (Date Accessed: 6/1/2017)