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. Increased demand for electronic measuring and exploration equipment as a result of the mining boom has also provided opportunities for industry wholesalers. 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 an annualised 5.7% in the five years through 2015-16, to $16.1 billion. Industry revenue grew strongly in 2012-13, rising by 8.3%... 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 steady rate. Increased government spending and greater demand for services in the health sector have driven 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 3.1% during 2015-16 due to relatively modest growth in health expenditure... purchase to read more