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Medical and Scientific Equipment Wholesaling in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical and Scientific Equipment Wholesaling Market Research Report | ANZSIC F3491 | Feb 2016

Good prognosis: Increasing investment in the health sector aids industry revenue growth

IBISWorld’s Medical and Scientific Equipment Wholesaling market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
5.7%
Annual Growth 16-21
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Profit
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Employment
26,320
Businesses
2,147
Industry Analysis & Industry Trends

The Medical and Scientific Equipment Wholesaling industry has grown strongly over the past five years, supported by steady demand growth from the health sector, medical centres and research industries. Increased demand for electronic measuring and exploration equipment as a result of the mining boom has also provided opportunities for industry wholesalers over this time. In the health sector, strong growth in government funding and demand for health services have driven demand for a range of medical and surgical equipment wholesaled by the industry.

Industry revenue is expected to rise by 5.7% annualised over the five years through 2015-16, to $16.1 billion... purchase to read more

Industry Report - Industry Analysis Chapter

With generally strong investment in the health sector over the past five years, demand for medical equipment has increased at a relatively rapid rate. Increased government spending and greater demand for health sector services have driven strong demand for medical and surgical equipment. Furthermore, the mining boom has provided opportunities for professional equipment wholesalers through increased demand for electronic measuring and exploration equipment. Overall, IBISWorld estimates that industry revenue will increase at an annualised 5.7% over the five years through 2015-16, to $16.1 billion. This includes a rise of only 3.1% in 2015-16 due to relatively modest growth in health expenditure for the year... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical and Scientific Equipment Wholesaling Industry?

Firms in the industry wholesale scientific, medical or other professional equipment. Most wholesalers in the industry undertake sales and administrative activities, marketing and advertising of products, and storage and transportation of stock. Wholesalers establish relationships with manufacturers and retailers to ensure a reliable supply of and demand for stock.

Industry Products
Surgical and medical instruments and suppliesLaboratory apparatus and furnitureDental equipment and suppliesSurgical and medical appliances and apparatusMeasuring equipmentProcess control instrumentsOther instruments
 
Industry Activities
Aeronautical instruments wholesalingDental instruments or equipment wholesalingMathematical instruments wholesalingMedical equipment and instruments wholesalingMeteorological instruments or equipment wholesalingNautical instruments wholesalingOphthalmic instruments wholesalingSeismic instruments wholesalingSurveying instruments wholesalingVeterinary instruments or equipment wholesaling


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