Number of Surgical and Medical Instrument Manufacturing Businesses in the US (2000–2023)
As of 2023
7,215
surgical and medical instrument manufacturing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The surgical and medical instrument manufacturing industry has declined 32.4% since 2000 (from 10,668 to 7,215 firms).
- •The peak year was 2007 with 10,704 firms.
- •Recent trend (last 5 years): the industry is shrinking (-11.0%).
- •Employment: 313,439 workers in 2023 (7.5% change since 2000).
- •Estimated 5-year survival rate: 63%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 7,215 | 8,281 | 313,439 | 6.6% | 8.7% | +1.9% |
| 2022 | 7,435 | 8,438 | 304,334 | 7.9% | 8.9% | +3.6% |
| 2021 | 7,552 | 8,520 | 293,372 | 7.9% | 9.8% | -1.0% |
| 2020 | 7,753 | 8,692 | 291,560 | 6.0% | 9.9% | +1.6% |
| 2019 | 8,108 | 9,034 | 288,079 | 6.0% | 9.0% | +1.3% |
| 2018 | 8,355 | 9,285 | 284,299 | 5.9% | 8.3% | +2.0% |
| 2017 | 8,608 | 9,518 | 277,939 | 5.5% | 8.2% | +1.6% |
| 2016 | 8,918 | 9,859 | 278,800 | 5.5% | 8.3% | +1.0% |
| 2015 | 9,209 | 10,165 | 276,598 | 6.2% | 8.3% | -0.4% |
| 2014 | 9,488 | 10,413 | 281,234 | 5.8% | 7.6% | -1.0% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.