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