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Surgical Instrument Manufacturing in the US Industry Data and Analysis
The US surgical instrument manufacturing industry has exhibited a steady and modest growth over the past five years. This moderate expansion reflects sustained demand driven by demographic shifts, particularly the aging population requiring increased surgical interventions. In the current year, the industry revenue is projected to grow by 1.3% through the end of 2025, reaching approximately $47.5 billion in industry revenue. Over the past five years, the industry has steadily grown at a compounding annual growth rate of 2.5%. This growth underscores the sector’s resilience amid market maturity and evolving healthcare needs.
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What's included in this industry analysis
IBISWorld's research coverage on the Surgical Instrument Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released August 2025.
About this industry
What's this industry report about?
The Surgical Instrument Manufacturing industry in the United States operates under the NAICS industry code OD4103. Companies in this industry manufacture specially designed tools or devices for performing specific actions during surgery or precise and complex medical procedures. The instruments meet stringent medical standards and are made to withstand sterilization processes and the rigors of surgical environments. Related terms covered in the Surgical Instrument Manufacturing industry in the United States include electrosurgery, open surgeries, minimally invasive surgery (mis) and 510(k) clearance.
What's included in this industry?
Products and services covered in Surgical Instrument Manufacturing industry in the United States include General surgical instruments, Specialty surgical instruments and Electrosurgery instruments.
What companies are included in this industry?
Companies covered in the Surgical Instrument Manufacturing industry in the United States include Johnson & Johnson and Medtronic Plc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Surgical Instrument Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Surgical Instrument Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Surgical Instrument Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Surgical Instrument Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Surgical Instrument Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Surgical Instrument Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Surgical Instrument Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Surgical Instrument Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Surgical Instrument Manufacturing industry in the United States in 2026?
The market size of the Surgical Instrument Manufacturing industry in the United States is $47.5bn in 2026.
How many businesses are there in the Surgical Instrument Manufacturing industry in the United States in 2025?
There are 1,143 businesses in the Surgical Instrument Manufacturing industry in the United States, which has grown at a CAGR of 0.5 % between 2020 and 2025.
How may import tariffs affect the Surgical Instrument Manufacturing industry in the United States?
The Surgical Instrument Manufacturing industry in the United States is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Surgical Instrument Manufacturing industry in the United States?
The Surgical Instrument Manufacturing industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Surgical Instrument Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Surgical Instrument Manufacturing industry in the United States has been growing at a CAGR of 2.5 % between 2020 and 2025.
What is the forecast growth of the Surgical Instrument Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Surgical Instrument Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Surgical Instrument Manufacturing industry in the United States?
The biggest companies operating in the Surgical Instrument Manufacturing industry in the United States are Johnson & Johnson and Medtronic Plc
What does the Surgical Instrument Manufacturing industry in the United States include?
General surgical instruments and Specialty surgical instruments are part of the Surgical Instrument Manufacturing industry in the United States.
Which companies have the highest market share in the Surgical Instrument Manufacturing industry in the United States?
The company holding the most market share in the Surgical Instrument Manufacturing industry in the United States is Johnson & Johnson.
How competitive is the Surgical Instrument Manufacturing industry in the United States?
The level of competition is high and steady in the Surgical Instrument Manufacturing industry in the United States.
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