Medical equipment & supplies manufacturing

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Workforce
325k
2019 BLS Estimate
Average Employee Age
43.9
Estimated Job Growth
0.863%
10-Year Projection
Average Salary
$84,823
Average Male Salary
$99,668
Average Female Salary
$64,583

About

The top three occupations in the Medical equipment & supplies manufacturing Industry Group are Other assemblers and fabricators, Other managers, Sales representatives, wholesale & manufacturing, Miscellaneous production workers, including semiconductor processors, and Medical, dental, & ophthalmic laboratory technicians. On average, full-time employees in the Medical equipment & supplies manufacturing Industry Group work 43.9 hours per week and have an average annual salary of $88,007. Part-time employees in the same industry work 21.5 hours and earn an average annual salary of $34,945.

The locations with the highest concentration of employees in the Medical equipment & supplies manufacturing Industry Group are Kosciusko & Marshall Counties PUMA, IN, Blaine, Lino Lakes & Ham Lake Cities PUMA, MN, and Brooklyn Center, Golden Valley, New Hope & Robbinsdale Cities PUMA, MN. The industry that purchases the most products or services from the Hospitals Industry Group is Medical equipment & supplies manufacturing.

Workforce

A snapshot of jobs, wages, and opportunities in the Medical equipment & supplies manufacturing Industry Group. Other assemblers and fabricators are the most common position, but the Medical equipment & supplies manufacturing Industry Group employs a relatively high number of Medical, dental, & ophthalmic laboratory technicians, compared to other industries. 

The highest average salary in Medical equipment & supplies manufacturing goes to Chief executives & legislators.

Monthly Employment

Start Year
Y-Axis
9.24%
Year-over-year growth
Employment change between May 2020 and May 2021

As of May 2021, there are 105k people employed in the Medical Equipment and Supplies Manufacturing industry. This represents a 9.24% increase in employment when compared to May 2020.

This chart shows monthly employment numbers for Medical Equipment and Supplies Manufacturing over time (non-seasonally adjusted).

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Occupations

Occupations by Share

325k
Workforce (BLS Estimate)
ACS Estimate: 631k
2.22%
1 Year Growth
± 4.29%

The Bureau of Labor Statistics estimates that there were 325k people employed in the Medical equipment & supplies manufacturing Industry Group in 2019.

According to ACS estimates, the number of people employed in the Medical equipment & supplies manufacturing Industry Group has been growing at a rate of 2.22%, , from 618k people in 2018 to 631k people in 2019.

The following graphic shows the share of employment in Medical equipment & supplies manufacturing by various occupations according to ACS estimates. Other assemblers and fabricators represent the largest share of positions held in Medical equipment & supplies manufacturing at 7.65%, followed by Other managers with 6.17% and Sales representatives, wholesale & manufacturing with 5.5%.

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Most Specialized

Compared to other Industry Groups, Medical equipment & supplies manufacturing employs an unusually high number of Medical, dental, & ophthalmic laboratory technicians, Biomedical & agricultural engineers, and Industrial engineers, including health & safety.

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Highest Paid

The highest paid occupations in Medical equipment & supplies manufacturing, by average wage, are Chief executives & legislators, Firstline supervisors of retail sales workers, and Lawyers, & judges, magistrates, & other judicial workers.

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Wages

Average Salary

$84,823
AVERAGE WAGE
± $2,667

On average, employees in the Medical equipment & supplies manufacturing Industry Group make $84,823 per year. This number makes Medical equipment & supplies manufacturing the 31 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

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Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

This map shows which public use microdata areas (PUMAs) pay the highest average salary to employees in the Medical equipment & supplies manufacturing Industry Group.

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Wage Distribution

0.448
WAGE GINI

Medical equipment & supplies manufacturing has a wage GINI of 0.448, which is less than than the national average of 0.478. In other words, wages are distributed more evenly in Medical equipment & supplies manufacturing (shown in red) in comparison to the national average for those wage buckets (shown in gray).

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Opportunities

Spatial Concentration

This map shows the PUMAs in the United States that have revealed comparative advantage in the Medical equipment & supplies manufacturing Industry Group.

These are locations that employ more people in the Medical equipment & supplies manufacturing Industry Group than expected given both the size of that location's overall labor pool and the national size of the Medical equipment & supplies manufacturing Industry Group.

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Diversity

Demographic information on the Medical equipment & supplies manufacturing Industry Group in the US. Male employees tend to earn more than Female employees, with average respective salaries of $99,668 and $64,583. So too tend to earn more than other races and ethnicities in this industry.

Gender Composition

267k
FEMALE WORKFORCE
±12.7k
364k
MALE WORKFORCE
±14.8k

57.7% of workers in the Medical equipment & supplies manufacturing Industry Group are Male, making them the more common gender in the workforce. This chart shows the gender breakdown of the Medical equipment & supplies manufacturing Industry Group.

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Wage by Gender in Common Jobs

$99,668
AVERAGE MALE SALARY
±$3,931
$64,583
AVERAGE FEMALE SALARY
±$3,069

On average, Male workers in the Medical equipment & supplies manufacturing Industry Group make 1.54 times more than their Female counterparts. This chart shows the gender-based wage disparity in the 5 most common occupations in the Medical equipment & supplies manufacturing Industry Group.

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Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY
  1. American Indian and Alaska Native tribes specified; or American Indian or Alaska Native, not specified and no other races
  2. White
  3. Asian

On average, American Indian and Alaska Native tribes specified; or American Indian or Alaska Native, not specified and no other races employees in the Medical equipment & supplies manufacturing Industry Group earn 1.66 times more than other races and ethnicities. This chart shows the race and ethnicity-based wage disparities in the 5 most common occupations in the Medical equipment & supplies manufacturing Industry Group.

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Input/Output

Estimates of the sources of the costs and the purchasers of the products in the Medical equipment & supplies manufacturing Industry Group. Based on estimates from the Bureau of Economic Analysis, this section indicates the amount of money spent by a specific industry in other industries. Manufacturing has the highest single input, by dollars, to the Medical equipment & supplies manufacturing Industry Group, and the largest industry purchasing services from the Medical equipment & supplies manufacturing Industry Group is Manufacturing.

In this visualization, click on a category to expand or collapse it. All of the industries listed to the left are those places from which the highlighted industry has made purchases. They are the intermediate inputs to the highlighted industry. All those industries listed on the right side are those industries that have made purchases from the highlighted industry. They are the use of outputs of the highlighted industry. The visualizations below offer alternative ways to see and understand this data.

Industrial Flow

The closest comparable data for Medical equipment & supplies manufacturing is from Manufacturing.
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Intermediate Inputs

The closest comparable data for Medical equipment & supplies manufacturing is from Manufacturing.

The Medical equipment & supplies manufacturing Industry Group gets the most input, by its share of the cost of all intermediate inputs, from the Manufacturing Industry. This visualization does not include labor and capital costs.

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Use of Output by Other Industries

The closest comparable data for Medical equipment & supplies manufacturing is from Manufacturing.

The Manufacturing Industry purchases the greatest share of products and services from the Medical equipment & supplies manufacturing Industry Group in order to produce other goods and services. Purchases of the Medical equipment & supplies manufacturing Industry Group for final consumption by consumers, businesses, or government are not included here.

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Projections

Growth projections of the Medical equipment and supplies manufacturing industry, both by number of employees and output, from the Bureau of Labor and Statistics. The national workforce is projected to grow 7.66% in the next ten years. The Medical equipment and supplies manufacturing industry has a lower projected workforce growth at 0.863%. Its projected 10-year growth in output (15.7%) is lower than the projected national growth in output (24.2%).

Job Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Medical equipment and supplies manufacturing.
0.863%
Estimated Job Growth
10-year Projection
7.66%
National Growth
10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Medical equipment and supplies manufacturing. This industry is expected to grow less than than 7.66%, the average rate of national job growth.

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Output Growth

For growth projections, the closest comparible industry reported by the Bureau of Labor Statistics is Medical equipment and supplies manufacturing.
15.7%
Estimate Growth
10-year Projection

This line chart shows the projected 10-year growth in output of the Medical equipment and supplies manufacturing industry.

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