Inside the Industry
Industry Overview
The following tables display the number of establishments, employment, and annual pay for companies in the medical device manufacturing industry in South Dakota and the United States from 2001 to 2006. While South Dakota’s industry decreased early in this period, much of that can be attributed to a sluggish national economy and the industry practice of outsourcing operations.
Establishments
Employment
Annual Pay
South Dakota
United States
Number
Growth
Number
Growth
2001
40
--
15,073
--
2002
33
-17.5%
15,073
0.0%
2003
32
-3.0%
15,059
0.1%
2004
30
-6.3%
15,043
0.1%
2005
30
0.0%
15,094
0.3%
2006
32
3.6%
15,063
-0.2%
# Growth
% Change
# Growth
% Change
2001-2006
-8
20.0%
-10%
-0.07%
Source: SD Dept. of Labor, Labor Market Information Center, July 2007 & March, 2008.
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South Dakota
United States
Number
Growth
Number
Growth
2001
1,596
--
411,644
--
2002
1,405
-12.0%
407,099
-1.1%
2003
1,294
-8.0%
401,540
-1.4%
2004
1,281
-1.0%
398,933
-1.0%
2005
1,288
0.5%
402,023
1.0%
2006
1,491
12.8%
408,425
1.6%
# Growth
% Change
# Growth
% Change
2001-2006
-105
-6.58%%
-3,219
-0.78%
Source: SD Dept. of Labor, Labor Market Information Center, July 2007 & March, 2008.
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South Dakota
United States
Number
Growth
Number
Growth
2001
$29,014
--
$49,587
--
2002
$28,499
-1.8%
$50,695
2.2%
2003
$31,439
10.3%
$54,099
6.7%
2004
$31,604
0.5%
$58,104
7.4%
2005
$34,401
8.9%
$58,014
-0.2%
2006
$36,252
5.4%
$61,612
6.2%
# Growth
% Change
# Growth
% Change
2001-2006
$7,238
24.9%
$12,025
24.25%
Source: SD Dept. of Labor, Labor Market Information Center, July 2007 & March, 2008.
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