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 Analysis Chapter
With generally strong investment in the health sector over the past five years, demand for medical equipment has increased at a relatively rapid rate. Increased government spending and greater demand for health sector services have driven strong demand for medical and surgical equipment. Furthermore, the mining boom has provided opportunities for professional equipment wholesalers through increased demand for electronic measuring and exploration equipment. Overall, IBISWorld estimates that industry revenue will increase at an annualised 5.7% over the five years through 2015-16, to $16.1 billion. This includes a rise of only 3.1% in 2015-16 due to relatively modest growth in health expenditure for the year... purchase to read more