Major Group SIC 38 - Measuring, Analyzing, And Controlling I...

SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good

SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good
SIC 01 - Agricultural Production Crops SIC 02 - Agricultural Production Livestock And Animal Specialties SIC 07 - Agricultural Services SIC 08 - Forestry SIC 09 - Fishing, Hunting, And Trapping SIC 10 - Metal Mining SIC 12 - Coal Mining SIC 13 - Oil And Gas Extraction SIC 14 - Mining And Quarrying Of Nonmetallic Minerals, Except Fuels SIC 15 - Building Construction General Contractors And Operative Builders SIC 16 - Heavy Construction Other Than Building Construction Contractors SIC 17 - Construction Special Trade Contractors SIC 20 - Food And Kindred Products SIC 21 - Tobacco Products SIC 22 - Textile Mill Products SIC 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials SIC 24 - Lumber And Wood Products, Except Furniture SIC 25 - Furniture And Fixtures SIC 26 - Paper And Allied Products SIC 27 - Printing, Publishing, And Allied Industries SIC 28 - Chemicals And Allied Products SIC 29 - Petroleum Refining And Related Industries SIC 30 - Rubber And Miscellaneous Plastics Products SIC 31 - Leather And Leather Products SIC 32 - Stone, Clay, Glass, And Concrete Products SIC 33 - Primary Metal Industries SIC 34 - Fabricated Metal Products, Except Machinery And Transportation Equipment SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 37 - Transportation Equipment SIC 38 - Measuring, Analyzing, And Controlling Instruments Photographic, Medical And Optical Good SIC 39 - Miscellaneous Manufacturing Industries SIC 40 - Railroad Transportation SIC 41 - Local And Suburban Transit And Interurban Highway Passenger Transportation SIC 42 - Motor Freight Transportation And Warehousing SIC 44 - Water Transportation SIC 45 - Transportation By Air SIC 46 - Pipelines, Except Natural Gas SIC 47 - Transportation Services SIC 48 - Communications SIC 49 - Electric, Gas, And Sanitary Services SIC 50 - Wholesale Trade-durable Goods SIC 51 - Wholesale Trade-non-durable Goods SIC 52 - Building Materials, Hardware, Garden Supply, And Mobile Home Dealers SIC 53 - General Merchandise Stores SIC 54 - Food Stores SIC 55 - Automotive Dealers And Gasoline Service Stations SIC 56 - Apparel And Accessory Stores SIC 57 - Home Furniture, Furnishings, And Equipment Stores SIC 58 - Eating And Drinking Places SIC 59 - Miscellaneous Retail SIC 60 - Depository Institutions SIC 61 - Non-depository Credit Institutions SIC 62 - Security And Commodity Brokers, Dealers, Exchanges, And Services SIC 63 - Insurance Carriers SIC 64 - Insurance Agents, Brokers, And Service SIC 65 - Real Estate SIC 67 - Holding And Other Investment Offices SIC 70 - Hotels, Rooming Houses, Camps, And Other Lodging Places SIC 72 - Personal Services SIC 73 - Business Services SIC 75 - Automotive Repair, Services, And Parking SIC 76 - Miscellaneous Repair Services SIC 78 - Motion Pictures SIC 79 - Amusement And Recreation Services SIC 80 - Health Services SIC 81 - Legal Services SIC 82 - Educational Services SIC 83 - Social Services SIC 84 - Museums, Art Galleries, And Botanical And Zoological Gardens SIC 86 - Membership Organizations or Unions And Similar Labor Organizations SIC 87 - Engineering, Accounting, Research, Management, And Related Services SIC 89 - Services, Not Elsewhere Classified SIC 96 - Administration Of Economic Programs

This major group includes establishments engaged in manufacturing instruments (including professional and scientific) for measuring, testing, analyzing, and controlling, and their associated sensors and accessories; optical instruments and lenses; surveying and drafting instruments; hydrological, hydrographic, meteorological, and geophysical equipment; search, detection, navigation, and guidance systems and equipment; surgical, medical, and dental instruments, equipment, and supplies; ophthalmic goods; photographic equipment and supplies; and watches and clocks.

Industry trends:

The Measuring, Analyzing, and Controlling Instruments industry (NAICS 38) is undergoing significant transformation driven by advancements in technology and increasing demand for precision. One of the notable trends is the integration of artificial intelligence and machine learning into analytical instruments. This allows for enhanced data processing capabilities, predictive maintenance, and more accurate measurements, which is particularly crucial in medical and optical applications.

Another emerging trend is the shift toward miniaturization and portable solutions. There's a growing demand for compact and handheld devices that offer the same accuracy and functionality as their larger counterparts. This trend is particularly prominent in medical diagnostics, where point-of-care testing is becoming more prevalent, and in industrial settings where on-site measurements are critical.

Sustainable practices and eco-friendly designs are also gaining traction. Companies are increasingly focusing on reducing the environmental impact of their products by using recyclable materials and designing energy-efficient instruments. This reflects the broader industry move towards corporate social responsibility and sustainability.

Looking ahead, the market is expected to see continued growth fueled by the healthcare industry's expansion, the rise of smart manufacturing, and increasing investments in research and development. Innovations in nanotechnology and bioengineering are poised to offer new avenues for product development, while regulatory changes and standards are likely to drive further advancements in precision and safety.

Overall, the industry is positioning itself to be more responsive, agile, and sustainable, aligning closely with the broader technological and societal shifts.

This industry is comprised of:

SIC 381 - Search, Detection, Navigation, Guidance, Aeronautical And Nautical

SIC 382 - Laboratory Apparatus And Analytical, Optical, Measuring, And Controlling

SIC 384 - Surgical, Medical, And Dental Instruments And Supplies

SIC 385 - Ophthalmic Goods

SIC 386 - Photographic Equipment And Supplies

SIC 387 - Watches, Clocks, Clockwork Operated Devices, And Parts

Explore related industries:

SIC 35 - Industrial And Commercial Machinery And Computer Equipment SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment SIC 39 - Miscellaneous Manufacturing Industries

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