Surgical and Medical Instrument Manufacturing in Michigan
Revenue benchmarks for surgical and medical instrument manufacturing businesses operating in Michigan.
#22 of 50 states-41.5% vs national avg
Average Revenue
$23.3M
per year
Businesses
41
in Michigan
Revenue / Employee
$284K
per year
Labor Cost
22.0%
of revenue
Profit Margin
10.0%
industry average
Market Saturation
0.4
firms per 100K in MI
Total Revenue
$955.0M
all firms in MI
Total Employees
3,360
in MI
How Michigan Compares
National Average$39.8M
Michigan$23.3M
Difference$16.5M (-41.5%)