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 health funding and demand for health services have driven demand for a range of medical and surgical equipment from the industry.
Industry revenue is estimated to rise by an annualised 6.0% in the five years through 2014-15, to $15.5 billion. This includes strong revenue growth of 11.4%... purchase to read more
Industry Report - Industry Investment Chapter
The industry's capital intensity is determined by the ratio of capital (depreciation) to labour costs (wages). IBISWorld estimates the capital intensity level using data from the industry cost structure. Depreciation is used as a proxy for capital, and wages are used as a proxy for labour. In 2014-15, deprecation is estimated to account for 0.6% of industry revenue, with wages estimated at 17.6%. This shows that for every dollar spent on capital equipment in the industry, approximately $29.27 is required for labour costs, indicating that the industry has a low capital intensity level. Businesses in the industry tend to spend more on labour in comparison with the machinery and equipment wholesaling sector overall... purchase to read more