The Medical Equipment and Supplies Manufacturing Industry Employment Summary

There are around 10,000 medical equipment and supplies manufacturing plants across the country, employing 270,000 employees. Companies in this industry are mid-sized, with each one having an average of 27 employees. This is a male-dominated industry, with only 40% of employees identifying as female, and the median employee age is 45 years old.

Medical Equipment and Supplies Manufacturing Industry Benefits Comparison

What percent of medical equipment and supplies manufacturers offer medical insurance?

• 91% offer their employees access to medical insurance. This is well above the national average of 69%.
• These employers provide an average monthly employer premium of $1,234 for family coverage. This is above the national average of $1,121.
• Additionally, these businesses provide an average monthly employer premium of $452 for individual coverage. This is also a bit below the national average of $458.

What percentage of medical equipment and supplies manufacturers offer short and/or long-term disability insurance?

65% of medical equipment and supplies manufacturing conmpanies offer short-term disability insurance, and 49% provide a long-term disability option. The national average for these metrics is 42% and 34%, respectively.

What percent of medical equipment and supplies manufacturers offer life insurance?

81% offer access to life insurance coverage. This is well above the national average of 56%.

Do medical equipment and supplies manufacturers provide access to paid family leave?

• 18% provide access to paid family leave, which is slightly below the national average of 20%.
• 92% provide access to unpaid family leave, which is above the national average of 88%.
• 33% offer consolidated leave plans, which is also slightly below the national average of 44%.

Summary

Generally speaking, the medical equipment and supplies manufacturing industry stands above the nationwide standard for providing all-inclusive employee benefits packages. Despite this, there are still a few opportunities for improvement, including amping up family leave, consolidated leave, and retirement savings options. Once employers make these changes, they will start to notice how benefits packages are prime factors to attracting employees to their team and retaining them for years to come.

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