The 2020 Medical Equipment and Other Precision Equipment Repair and Maintenance Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2011-2024. This report includes updated 2020 and 5-year forecasts due to the impact of COVID-19.
This report includes historical and forecasted market size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, locations, employees, payroll, and much more.
The Medical Equipment and Other Precision Equipment Repair and Maintenance industry includes companies primarily engaged in repairing and maintaining (without retailing) electronic and precision equipment (except consumer electronics, computers and office machines, and communications equipment). Companies in this industry repair and maintain equipment, such as medical diagnostic imaging equipment, measuring and surveying instruments, laboratory instruments, and radar and sonar equipment.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing benchmarking, strategic planning, due diligence, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents or download a sample report to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
INDUSTRY SIZE In 2019, industry sales were $10.4 billion
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INDUSTRY GROWTH Over the past 3 years, the industry has grown at an annual rate of 5.3%
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COMPANY GROWTH There are 2,957 companies in the industry
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SALES PER COMPANY In 2019, the average sales per company was $3.5 million
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INFLATION & PRICING 2020 forecasted inflation is 2.3%
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PROFITABILITY For unprofitable companies, the average net loss is -9.3%
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RIGHTSIZING ANALYSIS Employee productivity is $250,996
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EXPENSE BENCHMARKING 2.3% of expenses is spent on health insurance
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OPERATING EXPENSES In 2019, industry operating expenses grew 4.5%
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PAYROLL In 2019, payroll per employee was $67,128
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PAYROLL BY STATE California averages $58,806 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS 6% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES The average industry hourly pay for office and administrative jobs is $18.18
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The above stats represent a small fraction of what you will find in this report.
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