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. In the health sector, increased government funding and demand for health services have driven demand for a range of medical and surgical equipment that the industry wholesales. In contrast, demand for electronic measuring and exploration equipment weakened on the back of a decline in the mining sector. A high proportion of the medical and scientific equipment that the industry wholesales is imported. These products come from a range of companies that supply products across many pricepoints... purchase to read more
Industry Report - Industry Investment Chapter
The industry's capital intensity is determined by the ratio of capital costs to labour costs. For every dollar required for labour costs, approximately $0.04 is projected to be invested in capital equipment during 2016-17, indicating that the industry has a low capital intensity level. Businesses in the industry tend to spend significantly more on labour than the overall machinery and equipment wholesaling sector. Companies require a knowledgeable workforce to liaise with clients due to the highly technical nature of many industry products.
Labour intensity in the industry can increase due to the high value of some medical and scientific products, which results in a high level of selling intensity per sale... purchase to read more