NAICS Code 423450-18 - Medical Electronics (Wholesale)

Marketing Level - NAICS 8-Digit

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NAICS Code 423450-18 Description (8-Digit)

Medical Electronics (Wholesale) is a subdivision of the NAICS Code 423450 that involves the wholesale distribution of electronic equipment and devices used in the medical industry. This industry includes the distribution of medical electronic equipment such as patient monitoring systems, electrocardiographs, ultrasound machines, medical imaging equipment, and other electronic devices used in healthcare facilities. Medical Electronics (Wholesale) companies are responsible for sourcing, purchasing, and distributing these electronic devices to hospitals, clinics, and other healthcare facilities.

Hierarchy Navigation for NAICS Code 423450-18

Tools

Tools commonly used in the Medical Electronics (Wholesale) industry for day-to-day tasks and operations.

  • Patient monitoring systems
  • Electrocardiographs
  • Ultrasound machines
  • Medical imaging equipment
  • Defibrillators
  • Blood glucose monitors
  • Pulse oximeters
  • Infusion pumps
  • Ventilators
  • Anesthesia machines
  • Endoscopy equipment
  • Surgical lasers
  • Radiology equipment
  • CT scanners
  • MRI machines
  • X-ray machines
  • Nuclear medicine equipment
  • PET scanners
  • Gamma cameras
  • Medical grade computers

Industry Examples of Medical Electronics (Wholesale)

Common products and services typical of NAICS Code 423450-18, illustrating the main business activities and contributions to the market.

  • Patient monitoring systems
  • Electrocardiographs
  • Ultrasound machines
  • Medical imaging equipment
  • Defibrillators
  • Blood glucose monitors
  • Pulse oximeters
  • Infusion pumps
  • Ventilators
  • Anesthesia machines

Certifications, Compliance and Licenses for NAICS Code 423450-18 - Medical Electronics (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • ISO 13485: This certification is specific to medical device quality management systems and is required for companies that manufacture or distribute medical devices. It is provided by the International Organization for Standardization (ISO).
  • FDA Registration: Medical device distributors must register with the US Food and Drug Administration (FDA) to legally distribute medical devices in the US.
  • HIPAA Compliance: Medical electronics wholesalers must comply with the Health Insurance Portability and Accountability Act (HIPAA) to ensure the privacy and security of patient information.
  • FCC Certification: Medical electronics wholesalers must obtain certification from the Federal Communications Commission (FCC) for any electronic devices that emit radio frequency energy.
  • Rohs Compliance: Medical electronics wholesalers must comply with the Restriction of Hazardous Substances (RoHS) Directive to ensure that their products do not contain certain hazardous substances. This certification is provided by the European Union.

History

A concise historical narrative of NAICS Code 423450-18 covering global milestones and recent developments within the United States.

  • The "Medical Electronics (Wholesale)" industry has a long history of technological advancements and innovations. In the early 1900s, the first electrocardiogram (ECG) machine was invented, which revolutionized the diagnosis of heart diseases. In the 1950s, the first pacemaker was developed, which was a significant breakthrough in the treatment of heart diseases. In the 1970s, the first CT scanner was introduced, which allowed for non-invasive imaging of internal organs. In recent years, the industry has seen the development of wearable medical devices, such as smartwatches that can monitor heart rate and blood pressure. In the United States, the industry has seen significant growth in recent years due to the increasing demand for medical electronics in the healthcare sector. The adoption of electronic health records (EHRs) and telemedicine has also contributed to the growth of the industry. Overall, the "Medical Electronics (Wholesale)" industry has a rich history of technological advancements and innovations that have transformed the healthcare sector.

Future Outlook for Medical Electronics (Wholesale)

The anticipated future trajectory of the NAICS 423450-18 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The medical electronics wholesale industry in the USA is expected to grow in the coming years due to the increasing demand for medical devices and equipment. The aging population and the rise in chronic diseases are the major factors driving the growth of the industry. The COVID-19 pandemic has also increased the demand for medical electronics, such as ventilators, monitors, and other medical devices. The industry is expected to continue to grow as the healthcare industry continues to evolve and new technologies are developed to meet the needs of patients and healthcare providers.

Industry Innovations for NAICS Code 423450-18

Recent groundbreaking advancements and milestones in the Medical Electronics (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Wearable Medical Devices: Wearable medical devices are becoming increasingly popular as they allow patients to monitor their health and provide healthcare providers with real-time data. These devices include smartwatches, fitness trackers, and other wearable devices that can monitor vital signs, track medication adherence, and provide other health-related information.
  • Telemedicine: Telemedicine has become more prevalent in recent years, and the COVID-19 pandemic has accelerated its adoption. Telemedicine allows patients to receive medical care remotely, reducing the need for in-person visits and improving access to care.
  • Artificial Intelligence: Artificial intelligence is being used in medical electronics to improve patient outcomes and reduce healthcare costs. AI can be used to analyze medical images, predict patient outcomes, and identify potential health risks.
  • 3D Printing: 3D printing is being used to create medical devices and equipment, such as prosthetics, implants, and surgical tools. 3D printing allows for the creation of customized devices that are tailored to the specific needs of individual patients.
  • Robotics: Robotics is being used in medical electronics to perform surgeries and other medical procedures. Robotic surgery allows for greater precision and control, reducing the risk of complications and improving patient outcomes.

NAICS Code 423450-18 - Medical Electronics (Wholesale)

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