Industry Analysis & Industry Trends
The Medical and Scientific Equipment Wholesaling industry has recorded strong revenue growth over the past five years, supported by steady demand growth from the health sector, medical centres and research industries. The increased demand for electronic measuring and exploration equipment as a result of the mining boom has also provided opportunities for professional equipment wholesalers. In the health sector, high growth in government spending and demand for health services have driven demand for a wide range of medical and surgical equipment from the industry. Industry revenue is expected to rise by an annualised 6.0% in the five years through 2014-15, to $15.5 billion. This included strong revenue growth in 2012-13 of... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the top four players account for 9.1% of industry revenue in 2014-15, although concentration levels will be higher in certain segments. The eight largest firms are estimated to account for 14.7% of total industry revenue for the year. These levels have remained relatively stable in the past five years, as there are limited opportunities for firms to significantly increase market share levels due to the large size of the total industry.
The main reason for low overall concentration in the industry is the broad range of products offered and markets served. The industry is relatively fragmented due to the high number of specialist products that are provided to end users... purchase to read more