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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 | Aug 2016

Picture of health: Steady demand from the health sector has supported revenue growth

IBISWorld’s Medical and Scientific Equipment Wholesaling market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 12-17
3.3%
Annual Growth 17-22
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Profit
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Employment
22,710
Businesses
2,141
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

 


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, marketing and advertising of products, and storage and transportation of stock. Wholesalers establish relationships with manufacturers and retailers to ensure a reliable supply of and demand for 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 wholesalingVeterinary instruments or equipment wholesaling


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