NAICS Code 423910-25 - Health Equipment & Supplies (Wholesale)
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NAICS Code 423910-25 Description (8-Digit)
Hierarchy Navigation for NAICS Code 423910-25
Parent Code (less specific)
Tools
Tools commonly used in the Health Equipment & Supplies (Wholesale) industry for day-to-day tasks and operations.
- Medical diagnostic equipment
- Surgical instruments
- Medical imaging equipment
- Hospital beds
- Wheelchairs
- Oxygen tanks
- Defibrillators
- Blood glucose monitors
- Nebulizers
- EKG machines
- Ultrasound machines
- X-ray machines
- CT scanners
- MRI machines
- Infusion pumps
- Suction machines
- Patient lifts
- Exam tables
- Medical carts
Industry Examples of Health Equipment & Supplies (Wholesale)
Common products and services typical of NAICS Code 423910-25, illustrating the main business activities and contributions to the market.
- Medical gloves
- Surgical masks
- Gauze
- Bandages
- Syringes
- Needles
- Catheters
- IV bags
- Medical tape
- Stethoscopes
- Thermometers
- Blood pressure monitors
- Otoscopes
- Ophthalmoscopes
- Scales
- Medical scrubs
- Lab coats
- Medical shoes
- Medical bags
Certifications, Compliance and Licenses for NAICS Code 423910-25 - Health Equipment & Supplies (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- FDA Registration: The FDA requires all medical device manufacturers and distributors to register their facilities and list their devices with the FDA. This registration is required for all medical devices, including those sold wholesale. The FDA provides guidance on how to register and list medical devices on their website.
- ISO 13485: This certification is specific to the medical device industry and demonstrates that a company has implemented a quality management system that meets international standards. It is often required by regulatory bodies and customers as a condition of doing business. The International Organization for Standardization (ISO) provides guidance on how to obtain this certification.
- Good Distribution Practice (GDP): This certification ensures that the wholesale distribution of medicinal products is carried out in accordance with established quality standards. It covers all aspects of the distribution process, including storage, transportation, and documentation. The World Health Organization (WHO) provides guidance on how to implement GDP.
- National Association Of Boards Of Pharmacy (NABP) Accreditation: This accreditation is specific to pharmaceutical wholesale distributors and demonstrates that a company has met certain quality standards related to the safe and secure distribution of prescription drugs. The NABP provides guidance on how to obtain this accreditation.
- Occupational Safety and Health Administration (OSHA) Compliance: This certification ensures that a company is in compliance with OSHA regulations related to workplace safety. This includes providing a safe working environment, training employees on safety procedures, and maintaining accurate records. OSHA provides guidance on how to comply with their regulations.
History
A concise historical narrative of NAICS Code 423910-25 covering global milestones and recent developments within the United States.
- The "Health Equipment & Supplies (Wholesale)" industry has a long history dating back to the early 20th century when the first medical equipment was developed. The industry has since grown to include a wide range of products such as diagnostic equipment, surgical instruments, and hospital furniture. Notable advancements in the industry include the development of electronic medical records, minimally invasive surgical techniques, and telemedicine. In the United States, the industry has seen significant growth in recent years due to an aging population and increased demand for healthcare services. The industry has also been impacted by the COVID-19 pandemic, with increased demand for personal protective equipment and medical supplies.
Future Outlook for Health Equipment & Supplies (Wholesale)
The anticipated future trajectory of the NAICS 423910-25 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Health Equipment & Supplies (Wholesale) industry in the USA is positive. The industry is expected to grow due to the increasing demand for health equipment and supplies, especially in the wake of the COVID-19 pandemic. The aging population and the rise in chronic diseases are also expected to drive the growth of the industry. Additionally, the increasing awareness of health and fitness among people is expected to boost the demand for health equipment and supplies. The industry is also expected to benefit from the advancements in technology, such as wearable health devices and telemedicine, which are expected to increase the demand for health equipment and supplies. Overall, the Health Equipment & Supplies (Wholesale) industry is expected to experience steady growth in the coming years.
Industry Innovations for NAICS Code 423910-25
Recent groundbreaking advancements and milestones in the Health Equipment & Supplies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Smart Health Devices: The industry has seen a rise in the development of smart health devices, such as smartwatches, fitness trackers, and other wearable devices that can monitor health and fitness. These devices are becoming increasingly popular among consumers, and the industry is expected to see continued growth in this area.
- Telemedicine: The COVID-19 pandemic has accelerated the adoption of telemedicine, which allows patients to receive medical care remotely. This has increased the demand for health equipment and supplies, such as remote monitoring devices and telemedicine software.
- Personal Protective Equipment (PPE): The pandemic has also led to an increased demand for PPE, such as masks, gloves, and gowns. The industry has responded by ramping up production of these items to meet the demand.
- Health Supplements: The industry has seen a rise in the demand for health supplements, such as vitamins, minerals, and other dietary supplements. This trend is expected to continue as people become more health-conscious.
- Eco-Friendly Products: The industry has seen a rise in the development of eco-friendly health equipment and supplies, such as reusable water bottles and biodegradable packaging. This trend is expected to continue as consumers become more environmentally conscious.
NAICS Code 423910-25 - Health Equipment & Supplies (Wholesale)
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