Medical equipment & supplies manufacturing

Industry Group

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Workforce

325k

2019 BLS Estimate

Average Employee Age

43.9

Estimated Job Growth

0.863%

10-Year Projection

Average Salary

$83,732

Average Male Salary

$96,661

Average Female Salary

$95,399

About

The top three occupations in the Medical equipment & supplies manufacturing Industry Group are Other assemblers and fabricators, Sales representatives, wholesale & manufacturing, Other managers, 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 43.8 hours per week and have an average annual salary of $86,470. Part-time employees in the same industry work 22.1 hours and earn an average annual salary of $32,803.

The locations with the highest concentration of employees in the Medical equipment & supplies manufacturing Industry Group are Kosciusko & Marshall Counties PUMA, IN, Brooklyn Park, Maple Grove (East) & Osseo Cities PUMA, MN, and Plymouth, Maple Grove (West) & Medicine Lake Cities PUMA, MN. The industry that purchases the most products or services from the Hospitals Industry Group is Medical equipment & supplies manufacturing.

Photo by Berkeley Lab

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 Lawyers, & judges, magistrates, & other judicial workers.

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).

Occupations by Share

325k

Workforce (BLS Estimate)

ACS Estimate: 624k

3.98%

1 Year Growth

± 4.26%

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 3.98%, , from 600k people in 2019 to 624k people in 2020.

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 8.45%, followed by Sales representatives, wholesale & manufacturing with 5.92% and Other managers with 5.42%.

Most Common

The most common occupations in the Medical equipment & supplies manufacturing Industry Group, by number of employees, are Other assemblers and fabricators, Sales representatives, wholesale & manufacturing, Other managers, Miscellaneous production workers, including semiconductor processors, and Medical, dental, & ophthalmic laboratory technicians.

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.

Highest Paid

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

Average Salary

$83,732

AVERAGE WAGE

± $2,653

On average, employees in the Medical equipment & supplies manufacturing Industry Group make $83,732 per year. This number makes Medical equipment & supplies manufacturing the 32 highest paying Industry Group in the United States out of a total of 269 Industry Groups.

Wage by Location

HIGHEST PAYING PUBLIC USE MICRODATA AREA

HIGHEST PAYING PUMAS

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

Wage Distribution

0.444

WAGE GINI

Medical equipment & supplies manufacturing has a wage GINI of 0.444, 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).

Spatial Concentration

Public Use Microdata Areas with RCA

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.

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 $96,661 and $95,399. So too tend to earn more than other races and ethnicities in this industry.

Composition by Sex

259k

FEMALE WORKFORCE

±12.5k

365k

MALE WORKFORCE

±14.8k

58.5% of workers in the Medical equipment & supplies manufacturing Industry Group are Male, making them the more common sex in the workforce. This chart shows the sex breakdown of the Medical equipment & supplies manufacturing Industry Group.

Wage by Sex in Common Jobs

$96,661

AVERAGE MALE SALARY

±$3,870

$95,399

AVERAGE FEMALE SALARY

±$3,950

On average, Male workers in the Medical equipment & supplies manufacturing Industry Group make 1.01 times more than their Female counterparts. This chart shows the sex-based wage disparity in the 5 most common occupations in the Medical equipment & supplies manufacturing Industry Group.

Wage by Race & Ethnicity in Common Jobs

RACE OR ETHNICITY WITH THE HIGHEST AVERAGE SALARY

American Indian and Alaska Native tribes specified; or American Indian or Alaska Native, not specified and no other races
White
Two or More Races

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 1.28 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.

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 flow diagram, 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.

Intermediate Inputs

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

HIGHEST INPUT INDUSTRY

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.

Use of Output by Other Industries

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

LARGEST PURCHASING INDUSTRY

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.

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.