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Medical and Scientific Equipment Wholesaling in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Medical and Scientific Equipment Wholesaling Market Research Report | ANZSIC F3491 | Sep 2014

Well equipped: The ageing population will drive demand for medical and surgical equipment

The Medical and Scientific Equipment Wholesaling market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 10-15
6.0%
Annual Growth 15-20
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Profit
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Employment
25,710
Businesses
2,119
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 - Starting a New Business Chapter

Establishing a sales and distribution network can also be costly and also takes time. Firms must develop a trained sales force, and a means to distribute products to customers. Creating the distribution network is the larger barrier of the two. The cost of financing the accumulation of inventory may also deter some potential players from entering the industry. Nonetheless, overall investment requirements are fairly low, which aids the entry of new operators to the industry.

A major barrier to success for new entrants is access to products that are of high quality and which have strong brand names... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Medical and Scientific Equipment Wholesaling Industry?

Firms in the industry wholesale scientific, medical or other professional equipment. Most wholesalers in the industry undertake sales and administrative activities including establishing relationships with manufacturers and retailers to ensure a reliable supply and demand of stock, marketing and advertising of products, and storage and transportation of stock.

Industry Products
Surgical and medical instruments and suppliesLaboratory apparatus and furnitureDental equipment and suppliesSurgical and medical appliances and apparatusMeasuring equipmentProcess control instrumentsOther instruments
 
Industry Activities
Aeronautical instruments wholesalingDental instruments or equipment wholesalingMathematical instruments wholesalingMedical equipment and instruments wholesalingMeteorological instruments or equipment wholesalingNautical instruments wholesalingOphthalmic instruments wholesalingSeismic instruments wholesalingSurveying instruments wholesalingVeterinarians' instruments or equipment wholesaling


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