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 Investment Chapter
The industry's capital intensity is determined by the ratio of capital costs to labour costs. 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 2015-16, deprecation is estimated to account for 0.6% of industry revenue, with wages estimated at 17.3%. This shows that for every dollar required for labour costs, approximately $0.03 will be invested in capital equipment during the year, 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... purchase to read more